Show of HandsShow of Hands

demandside August 17th, 2016 11:48am

Data shows the UK economy has already suffered as a result of "Brexit" (See link). Do you believe that "Brexit" will continue to harm the British economy or that the British economy will be stronger as a result of leaving the EU?

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demandside New Keynesian
08/17/16 6:48 am

And they've already gone to shit. When businesses see that their future profits are at risk, they jump ship before they crash. Business is based on expectations

kscott516 Masks fail
08/17/16 6:55 am

This is mostly gloom and doom propagated by the banks. The UK will be better and stronger on their own.

demandside New Keynesian
08/17/16 6:57 am

The banks are planning to leave, and reports of this month since Brexit shows a grim and dismal outlook

kscott516 Masks fail
08/17/16 7:23 am

They aren't going anywhere. They're posturing because they don't want the UK to leave. The banks want more control, not less, and the U.K. leaving hurts that.

kscott516 Masks fail
08/17/16 7:24 am

And if they want to leave, let them. More will take their place. That's how real capitalism works.

demandside New Keynesian
08/17/16 8:01 am

www.independent.co.uk/news/business/news/brexit-latest-banks-leave-uk-eu-jpmorgan-goldman-sachs-citi-group-deutsche-bank-a7193686.html

Banks are already planning to leave, and that's not how capitalism works. It works in the sense that capital flows towards the best investment, and since England no longer seems like the best investment, the banks will take their assets and capital to another country where they can get a better investment. Saying "they'll be no harm, more banks will come" is plainly silly. Why would any bank want to set up at a poor investment, when it can get a better investment elsewhere.

kscott516 Masks fail
08/17/16 8:32 am

Yes it is how capitalism works. Free markets. The UK is one of the top 2 economies in Europe. They are still a major powerhouse in the region and there will be plenty of banks willing to work with them. The EU needs the UK more than the UK needs them.

demandside New Keynesian
08/17/16 8:41 am

"Free markets"

Yea, free markets, meaning the UK businesses are free to leave because of their poor economic policies. And we are already seeing banks and businesses ready to leave, and this months numbers being weak. It doesn't matter if they are a large economy, as the investors will still leave to get the better investment elsewhere. Free markets doesn't mean "everything is always amazing", it means that if you have poor public policy, businesses will flock to a country where public policy best suits their interests. But if you think "well more will come", tell me when more manufacturing jobs will come to the US after they moved to China and India???

kscott516 Masks fail
08/17/16 9:07 am

You should attend the School for Kids who Can't Read Good. I said they can leave if they want, that's how the free market and capitalism works. All of the EU countries will continue trade with the U.K. It's the 2nd largest economy in Europe. The banks need their business and money talks. They're fear-mongering in hopes of changing the Brexit outcome. In any case the UK is stronger outside the EU and will have autonomy again. That is extremely important to them right now with the mass influx of immigrants bringing down society.

demandside New Keynesian
08/17/16 9:18 am

"In any case the UK is stronger outside the EU and will have autonomy again"

False, this months data, as well as studies and predictions (not to mention future businesses plans of leaving) prove this claim to be false. Of course they'll keep trading, and if they want to trade with the EU, they have to abide by their regulations. (Something leaving the EU doesn't change) and they'll still likely have to take refugees as Switzerland and Norway have (non EU members). They have everything to lose and nothing to gain from leaving the EU

Also, again, where are the manufacturing jobs that left the US? By your claim, they should be back?

kscott516 Masks fail
08/17/16 9:28 am

Lol, just like with AGW climate change models, predictions can be wildly off. Since when are predictions "proof"? Oh yeah, the liberal logic playbook.

Abide by their regulations? I'm assuming you mean trade policies. Yes and this goes both ways. Like I said the UK economy is huge and they have more manufacturing than most of the EU so the trade policies will be favorable to them. Maybe you haven't paid attention but some of the other EU countries have kicked around leaving too. Switzerland and Norway took refugees on their own. They weren't forced too. I'm thinking they regret that decision in hindsight.

kscott516 Masks fail
08/17/16 9:29 am

What does any of this have to do with the US? Our manufacturing jobs left the US thanks to the Clintons and NAFTA and more will leave with the TPP and the TPIP (think that's what the latest one is called). Thank you Obama! Making regulations more onerous here along with high Corp taxes only send jobs overseas. When will you liberals learn this?

demandside New Keynesian
08/17/16 9:32 am

"Our manufacturing jobs left the US thanks to the Clintons and NAFTA"

Actually, manufacturing has been leaving since the 1970s to China and India, NAFTA reduced government trade barrier and while you state "free markets" you seem to oppose free market policies. Also, by your logic, we should have new manufacturing jobs(like England should have new banks) but I haven't seen them

demandside New Keynesian
08/17/16 9:35 am

"the UK economy is huge and they have more manufacturing than most of the EU so the trade policies will be favorable to them"

That's not what that means.

1. In order to trade with the EU, you would have to abide by EU regulations, whether in or out of the EU. England would still need to follow the regulations of the EU

2. Germany has a far stronger manufacturing sector than the UK

3. The UKs economy won't be huge for very long, as more businesses move out and will grow slower as every study predicts

demandside New Keynesian
08/17/16 9:36 am

"Switzerland and Norway took refugees on their own"

False, they have made bilateral agreements with the EU in taking refugees and have a legal obligation to take them.

kscott516 Masks fail
08/17/16 10:07 am

Free markets aren't fair when regulations and taxes aren't equivalent. A true free market only works with equal laws and policies. Otherwise it's favoritism. That also answers why the US hasn't seen a huge increase in manufacturing.

Which EU regulations are you referring to? Be specific.

I said the UK was 2nd behind Germany. Why do you always reiterate what I say while acting like I said the opposite. Are you just bad at reading and comprehension or does it make you feel like you're "winning"? Have you applied to the School yet?

kscott516 Masks fail
08/17/16 10:14 am

www.breitbart.com/london/2016/04/14/preparing-refugee-onslaught-switzerland-ready-post-tanks-border-italy/

This article looks like Switzerland doesn't give a shit about their agreement with the EU anymore. Their safety and security is paramount. You're going to see more countries in the EU bounce soon. It's a bubble ready to pop.

demandside New Keynesian
08/17/16 10:28 am

"Free markets aren't fair when regulations and taxes aren't equivalent. A true free market only works with equal laws and policies"

Hats the entire purpose of free trade policies, it removes government barriers to have each country under a single mandate to streamline regulation. Don't like it, tough, that's capitalism, but you seem to fail to have that notion and instead blame democratic presidents, without recognizing that their trade deals are about as free market capitalism as they get

And breitbard never had been a legitimate source, more of a blog

kscott516 Masks fail
08/17/16 11:21 am

Having different sets of regulations is NOT how free market capitalism works. That's having two sets of standards. It's what your feeble mind thinks free market capitalism is.

"And breitbard never had been a legitimate source,"

And there's where you lose even more credibility.

demandside New Keynesian
08/17/16 11:23 am

"Having different sets of regulations is NOT how free market capitalism works"

That's not how free trade agreements work. In the NAFTA, Canada and Mexico are subject to the same regulations as the US. The whole purpose of trade agreements is to eliminate to different regulations

kscott516 Masks fail
08/17/16 12:21 pm

www.investopedia.com/terms/n/nafta.asp

False. NAFTA eliminated tariffs. There were side agreements related to the environment and labor wages. What you're thinking of is that it would eliminate regulations. Wrong. It didn't eliminate our stringent regulations, but it also didn't make their (Mexico and Canada) regulations as strict as ours. The agreement meant that US companies couldn't lower their standards to meet those other countries' criteria.

demandside New Keynesian
08/17/16 12:28 pm

What regulation of NAFTA does the US have to follow that Canada and Mexico don't?

demandside New Keynesian
08/17/16 12:29 pm

"NAFTA eliminated tariffs."

Of course it eliminates tariffs

"There were side agreements related to the environment and labor wages. What you're thinking of is that it would eliminate regulations."

I never said that, I said it STREAMLINES it, so Mexico, US and Canada will have to follow certain regulations

demandside New Keynesian
08/17/16 12:31 pm

"It didn't eliminate our stringent regulations, but it also didn't make their (Mexico and Canada) regulations as strict as ours"

Neither of those were the goal of nafta, the purpose was for the flow of goods, capital and businesses more easily throughout the member nations, as well as streamline certain regulations.

kscott516 Masks fail
08/17/16 1:37 pm

Canada and Mexico have their own corporate regulations and tax structures. They are not the same as ours.

demandside New Keynesian
08/17/16 1:40 pm

"Canada and Mexico have their own corporate regulations and tax structures. They are not the same as ours."

NAFTA doesn't form the US Mexico and Canada into a single nation. Obviously, each nation has their own right to autonomy, but what you stated has NOTHING to do with the provisions of NAFTA, which relate to international trade and specific regulations. And all countries abide by the same laws of NAFTA

demandside New Keynesian
08/17/16 5:03 am

Worse, every study published shows that Britain will suffer as a result of Brexit, due to weaker demand, slower growth and faster inflation. The banks have already prepared to leave Britain, as well as Scotland and Ireland, who wish to remain in the EU.

This is the suffering caused by feverish populism and nationalism on a society.

FarmerManE djent
08/17/16 5:26 am

Did these studies include that britian won't be siphoned off of anymore by the EU?

FarmerManE djent
08/17/16 5:29 am

Maybe I can read the link myself....

demandside New Keynesian
08/17/16 5:34 am

And you know the UK was also RECEIVING money from the EU as well

FarmerManE djent
08/17/16 9:05 am

But do they recieve more or give more?