Guided Missile

A great story here from a familiar face. A legend....!!!

Businessmen realise that economists do not dispense any reliable information about things to come and that all that they provide is interpretation of statistical data referring to the past. For capitalists and entrepreneurs, economists’ opinions about the future count only as questionable conjectures. . . . business forecasting fails in the vain attempts to make the uncertainty of the future disappear and to deprive entrepreneurship of its inherently speculative character. In the end, what will make Britain great again is the entrepreneurs to be free to speculate and generate wealth, leaving the politicians and economists to continue to stare in the rear view mirror.

By dividing the German and UK economy into different sectors, there are certainly more problems for productivity measurement in the service sector than the manufacturing sector because it is more difficult to define what productivity is in the service sector compared to the manufacturing sector. For this reason, the measurement of productivity in more important in defining the manufacturing based German economy than the service based UK economy. To different people, productivity means different things, which is expressed in the different or even conflicting definitions and perceptions of productivity. Productivity measurement in service is difficult because it is hard to standardise the inputs and outputs which are highly heterogeneous

OECD Germany - Economic forecast summary in 2016:

Treasury forecast prior to referendum in 2016:

Mate, you have just confirmed you know squat. Of course productivity is a more important factor as a measure of the economy of a manufacturing based economy than a service based economy, unless you can share exactly how you accurately measure productivity in the service sector. As far as the Treasury and the BoE, upon whose alters you worship, remind me of their forecasts of the employment data following a vote to leave the EU. You were obviously groomed during your economics degree to believe it's a science, but since pre-2008, the Treasury and BoE forecasts have been defined by being consistently wrong. Now back on ignore for you. I gave you a chance but you obviously have $h!t for brains.... “Economists exist to make the weathermen look good”

Your post was made in 2016, Private Frazer and you, like everyone else, swallowed Project Fear hook, line and sinker....

You seem to struggle with fundamentals, Herbert. Productivity may well be an important indicator of a country's economic health, if that country depends largely on manufacturing like Germany. If like the UK, 80% of the economy is service based, I am struggling with the point of your regular lecture on the basics of economics relating to the UK. Maybe our service based economy is better at avoiding recessions, when there are trade wars, than Germany, whose auto sector has found it "far easier to hire and then lay people off than make costly, irreversible commitments in new technology" such as electric cars. I'd go and have a lie down mate, before you show yourself up again.

That b!tch should go back to Italy and help sort their problems out, rather than worrying about the Irish...

I enjoyed watching him in action at the last Unite committee meeting: [video=youtube_share;hUBAx8jbYNs]

3 Years Later: Wage growth in the UK reached an 11-year high in the year to June, and the employment rate was its joint highest since 1971, official figures show. Wage growth rose to 3.9%, while the estimated 76.1% employment rate was the best since comparative records began: Meanwhile, in Germany:

There was only one poll that counted and you lost. So move on and accept we're leaving. You might become less bitter that way.

The biggest straw Remainers have clutched at is that the 54 per cent support ComRes found for Mr Johnson proroguing Parliament to deliver Brexit excludes those who responded "don't know" to the question. "It is a bald-faced lie," David Lammy declared on Twitter, "and they know it, excluding 'Don't Knows' to manufacture a response." Other Labour MPs, such as Ben Bradshaw, shared messages dismissing the findings as "very questionable". Yet Mr Bradshaw was only too happy late last year to trumpet a YouGov "study" commissioned by the so-called "People's Vote" campaign that found – after excluding don't knows – most voters in Labour seats wanted another referendum. At the same time, Remainers were gleefully sharing the poll of 20,000 people Channel 4 commissioned from Survation, which found that – once they had excluded don't knows – 54 per cent of those surveyed would vote to stay in the EU. "MPs stop & listen to the real time will of the people", Gina Miller declared, not letting the exclusion of don't knows stop her from treating it as authoritative. It is telling that Remainers never expressed a problem with this standard technique when it was used for surveys which supported their views. It is perfectly legitimate to exclude "don't knows" in order to get a closer sense of what the public thinks, taking the logical assumption that those on the fence fall similarly to those who had already made up their minds.

You failed to make a point, Herbert. Been on the vodka?

Even by your standards, Herbert, that is a totally embarrassing post and two sh! te references. Richard A. E. North aka Muckspreader and I'm a swivel..?? .

Of course, if the leaving date had been March, it is acknowledged that we wouldn't have been ready. In today's article in the Telegraph, Jean-Marc Puissesseau acknowledged that a no-deal Brexit in March would have been a hair-raising experience. "That would have been a huge problem because nobody believed it was going to happen and they were all dragging their feet. But we have seven more months and this time they are getting ready," he said.

I love the French. Here Jean-Marc Puissesseau, president of Port Boulogne Calais. comments on the effect of no-deal on the Port of Dover: ‘c’est la bullsh**’...

Ich werde einen haben

No more than a year, in my opinion, after a proper Conservative government, under Winston Johnson, wins a large majority in November and defeats the Marxist, antisemitic horde.

Whereas the EU have been more than fair...

A great article, here, regarding US/UK cooperation. A pity the EU didn't take the same approach.

Then read the letter from the US Senate, referred to in the Telegraph, here. I was able to get to it, through the Guardian, that carried the same story as the Telegraph, here.

Obviously you didn't read the article I cited :

Prior to this thread being hijacked, it is worth remembering its initial premise, back in June, 2016, was not about Brexit vs Remain, as that question was answered in the largest ever referendum in UK history. Rather, it was regarding a potential trade deal with the US, post Brexit: So, over three years on, it appears more and more likely that the post was bang on, as this article by the same author reports from the US. The journey towards the sunny uplands will begin on November 1st, after three wasted years. The path will be a rocky one for the first few miles, but the British people will come together and prosper, as they always do and this thread can die at the same time as the Brexit party....

Meanwhile, the latest news from mainland Europe: Glad to see there is another website paying attention to this thread.... The message? BUY GOLD....