Germany's economy in freefall

[urbanlife]

www.telegraph.co.uk/business/2019/07/25/german-economy-free-fall-exhausted-draghi-loses-magic/?li_source=LI&li_medium=li-recommendation-widget

So leaving on WTO terms looks like a very sound choice. Germany props up the entire EU superstate pretty much.

I for one am feeling much more optimistic by the day.

[Jason118]

Anyone who has ever been involved in negotiations (speaking from experience) will understand that respect is required from both sides, especially early on. David Davis turning up in the early days and metaphorically shitting on the table would not have been high on my list of 'ways to get a good deal'. Most things have flowed from there - the EU negotiators biggest difficulty would have been remaining respectful in the face of UK arrogance, which they have done amazingly well.

[urbanlife]

misti despite your no doubt sterling credentials as a financial whizz. The German economy IS tanking/ in free fall to name a few decryptions of this. I am sorry you feel the need to deny this fact, but it is very telling that you find it hard to digest solid factual evidence.

[Lonelycrab]

I am just quoting the title from the Telegraph this morning!!

Aah such a balanced source of information!

What a depressing, badly misconstrued outlook you have op. I think all those articles in the Mail about spitfires and ww2 have worked on you. It’s all the nasty-wasty eu being so howwible to us it’s just not faaaaaiiiir.

Glad to see more informed posters on here put you right.

[Mistigri]

Why bother starting threads if you can't stick around to answer?

Especially when the premise of the thread is such bollocks.

When people do this, don't get sidetracked. You can see them off much more quickly by asking them direct factual questions than by getting sidetracked into arguing about whether Brexit is a good idea or not (a discussion that will change no minds at all at this point).

The "Europe is failing" meme is the premise on which the whole of this Brexit bollocks has been built. Challenge it.

[prettybird]

I don't bother reading his posts

I just skim over them and read the replies. Far more educating - and really quite funny as his "arguments" (in quotes, because they're so fallacious ) get torn to shreds. He then tries to backtrack and/or change the subject - but unfortunately for him, all his previous posts are still there for those that bother reading them

[floribunda18]

Good post Jason

[Mistigri]

I am sorry you feel the need to deny this fact, but it is very telling that you find it hard to digest solid factual evidence.

You need to give me some factual evidence. I can't digest hot air.

[urbanlife]

pere some of us actually work for a living.
Flori grossly inaccurate

[bellinisurge]

Day off for me!

[urbanlife]

I am woman by the way. Just so you know with two children and a dog.

[urbanlife]

I will start reporting those posts mother

[Mistigri]

We can all play at that game (and the thread will get shut down, which is probably a good thing).

[Teddybear45]

Another issue with Germany and France is that their economies practically run on Chinese investment (ie Chinese companies buying their goods and services). The Chinese economy is contracting and that has had global repurcussions. Meanwhile Indian and South East Asian economies are growing but they have always been more attracted to English speaking countries such as the US and the UK - and in real terms many Indian companies have reduced investment in Europe as a whole due to Brexit.

[urbanlife]

Jason I could not agree more. Sending in a bunch of weak remainers was a terrible mistake three years ago. We trusted May and her remain cabinet, in good faith to deliver the result of the referendum. She let the UK down dreadfully.

We won’t make the same mistake again.

[Lonelycrab]

Op that’s lovely. Will you still be pleased when things really start turning to shit? Or are you expecting the sun to shine out of bj’s arse and thus provide us with our newfound golden age? What if that turns out to be bullshit and the whole country nosedives?

Who is going to be to blame then? Where will you direct your anger to then?

[urbanlife]

misti you can’t keep silencing others. You can’t keep monopolising the debate to reinforce your own views.
So I have no problem reporting you and others if I need to. The thread won’t be closed, you will be warned and then banned if you don’t stop.

[Mistigri]

The Chinese economy is contracting

What is your definition of "contracting"?

The Chinese economy is expected to grow at 6% this year. In what alternative universe is that "contracting"?

[urbanlife]

teddy yes the impact of the China is yet to be felt, mainly because the Chinese have worked very hard to contain the problem, and in part because China’s secrecy when it comes to data. I agree we have more than one issue contributing to the huge slowdown we are seeing.

The EU are the least prepared having only just recently stopped quantitative easing ( no doubt that is also adding to the problem too) It is not to late to take measures, but the options are limited.

[urbanlife]

Someone please buy Misti a dictionary, she is struggling this morning with her definitions.

[BelleSausage]

Can I just debunk the Deutsch Bank link?

My sister works for them. They have two offices in the UK- London and Birmingham. They are the most over leveraged bank in the world and had been expanding their investment arm to compete in the US and overstretched themselves. The current state of DB is a direct result of poor decision making make from the last two chairmen on the bank.

Because of this people ALL OVER THE WORLD are losing their jobs- London, Frankfurt, New York, Singapore etc. It is a bit sick to be crowing over that because the company in question happens to be German.

There is a perfect storm of things that are making DB downsize and cut costs. None of them have anything to do with the German is economy.

Anyone who thinks this is so ignorant of business and finance they have no business discussing it in the context of Brexit. Anyone who knows finance has seen this coming for quite a while.

[secretsciurusvulgaris]

I see Claig is back.

[bellinisurge]

"Sending in a bunch of weak remainers was a terrible mistake three years ago"
So that's Davies and Raan and Barclay 😂😂😂

[Lonelycrab]

Sending in a bunch of weak remainers was a terrible mistake three years ago.

So sending the negotiating genius that DD clearly is to deal with the situation was in fact sending a remainer. I see