Guided Missile

I saw that as well:

Meanwhile, in the real world, the FTSE forges ahead:

And if you want to know what will start the euro death spiral, read this.

I don't think ad hominem arguments ever progress a discussion. It is all about the hard economic data and as usual, that is just akin to staring in a rear view mirror. There ARE indicators that the EU is mired in a swamp, from a growth, debt, migration control and trade agreement point of view. What is unarguable is that we are going to be out of the EU and everyone has to like it or lump it. Those patriotic souls amongst us, will do what we can to make a success of the reality we are now in. "Don't ask what this country can do for you, ask what you can do for this country." Hopefully the cry babies amongst the Remainers will be able to get out of our way, while we build a new UK.

So, the German government has refused to put capital into a major German bank, but private investors will? Yeah, right....

Read this article and continue to weep.

Read it and weep:

I understand what I read. I'll underline the part you need to understand, which has nothing to do with "rhetoric": The French are worried, as usual, about their military standing in Europe and as they don't have the UK's petticoat to hide behind when it kicks off with Russia, they are looking towards the rest of the EU. That's not rhetoric. It's what the French do.

Keep up, Grandad. That article was from May. Here's one from September 14th, post Brexit:

I vote we ban dual passports and ship the traitors out, to whatever EU country they want to go to, with none of the benefits the UK provides. After all, the benefits were won fighting a war half of the EU, the other half being defeated in a week in a flutter of white flags.

Brexit has had 'no major effect' on economy so far, as reported by the ONS here.

More good news.

The UK is to begin preliminary talks with Australia about the outline of a future free trade deal between them. The UK is to begin preliminary talks with Australia about the outline of a future free trade deal between them. Officials will meet twice a year to discuss the parameters of what both sides said they hoped would be an "ambitious and comprehensive" deal. Australia has been earmarked by the UK as its first post-Brexit trade partner. International Trade Secretary Liam Fox and his counterpart Steven Ciobo said they shared a "strong political commitment" to trade liberalisation.

Read all about it here.... Printing money again. That didn't end too well for the Weimar Republic and ended in a shift to the right in Germany, Nazism and the Second World War. Never learn, do they?

Pound jumps as UK manufacturing activity rebounds. The value of the pound has jumped after a survey indicated the UK's manufacturing sector rebounded sharply in August. The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 53.3 in August from July's figure of 48.3. A figure above 50 indicates expansion. Read all about it here.

Finally...

Or....

Citi’s UK Economic Surprise Index has surged to a three-year high following a week of unexpectedly decent UK economic data. The index, which tracks how data compare with economists’ forecasts, surged from less than 50 to a high of 72.2 last week, the strongest level since 2013, writes Joel Lewin. A slew of eagerly data last week, offering some of the first clues as to how the UK economy has fared following the Brexit vote, proved surprisingly robust. On Thursday, it transpired that retail sales for July grew 1.5 per cent, topping forecasts of 0.3 per cent growth. On Wednesday the Office for National Statistics said unemployment held steady at an 11-year low of 4.9 per cent, offering no sign yet of the post-Brexit rise to 5.5 per cent envisaged by Bank of England governor Mark Carney. The unexpectedly decent data helped bounce the pound 1.6 per cent higher against the dollar during the course of the week.

Today's Telegraph reports the latest forecast from Moody's here. I wonder what the old women on here have to say about that.....

Not in a democracy. You're thinking of North Korea.

The "medicine" is that rather than buying our RM's from China in dollars next year, we will be manufacturing in the UK at a plant in the North of England. China has an artificial cost advantage in dollar terms as they have no real advantage in cost of goods. Their currency is worth what the Chinese government says it is. Labour is not an issue in chemical manufacturing so the only clear advantage China has over the UK is lower environmental and safety standards. In 2017, we will be paying less in sterling terms for the raw material than this year and will be exporting the raw material in greater volumes to the EU due to the more realistic sterling/euro rate. Sterling has been overvalued for a while. This approach is, I hope, what defines the British, rather than the London centric europhiles, who are terrified about the price of their lattés going up when the cheap, exploited labour returns to Eastern Europe. Whatever will they do with Tarquin now his underpaid nanny goes back as well? Very frightening....

I buy in dollars and sell in pounds. This year the lower pound will cost me £200k in reduced profits. Worth every penny....

The European Convention on Human Rights has nothing at all to do with the EU, but everything to do with the Council of Europe. We signed up to it as founder members of the Council of Europe at the Treaty of London in 1949. The Council of Europe was originally an idea of Winston Churchill after the war. So, to be clear, f*** all to do with the EU....

The Jan. 18, 1999, cover of TIME