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The German economy

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By (user no longer on site) OP     over a year ago

An assessment of part of the European economy

The Halloren chocolate factory in Halle, Heraeus’s quartz glass works in Bitterfeld and Nemak’s auto supplies plant in Wernigerode have little in common, outwardly at least. But all have resorted to the same unusual manoeuvre to cope with Germany’s industrial slowdown.

The three are among dozens of companies that have imposed “short-time work” on their employees, in what economists say could be the harbinger of trouble in the German labour market.

Germany is in its tenth straight year of economic growth, with unemployment close to a record post-reunification low. But the US-China trade war, fears of a no-deal Brexit and the cooling of the Chinese auto market are taking a big toll on the export-oriented German economy.

“Our members are telling us that the economic boom is over,” said Steffen Kampeter, head of the BDA employers’ association. “We are seeing a sideways movement, with the risk of a downturn.”

Manufacturing orders have been falling, while exports stagnate and production in many industries is in decline. Germany’s economics ministry said last week it expected the weakness in the industrial sector to persist over the coming months.

“German manufacturing industry has effectively been in recession since mid-2018,” said Timo Wollmershäuser, deputy director of the Ifo Center for Macroeconomics and Surveys, a think-tank.

German weakness is overshadowing the whole of the eurozone, and could prompt the ECB to take fresh measures to support the currency area’s economy. With the bank’s governing council meeting this Thursday, many investors anticipate a cut to the ECB’s deposit rate, already at minus 0.4 per cent, as well as a revival of bond purchases later in the year.

German industrial weakness is now beginning to leave its mark on the country’s labour practices. A recent survey by Mr Wollmershäuser found more and more companies seeking to curb their wage costs by reducing employees’ working hours — a sign of emptying order books and slowing output.

The phenomenon was particularly widespread among manufacturers of heavy vehicles such as trains, aircraft and defence equipment, he said: in that sector, 30 per cent of companies had resorted to short-time work. On average, 3.8 per cent of manufacturers had cut their workers’ hours, but Ifo expects that figure to rise to 8.5 per cent in the next three months.

The advantage of short-time work is clear: under German law, the government will cover most of the shortfall in a worker’s wages if his employer has been forced to cut hours due to an economic downturn. The policy was first introduced in the wake of the 2008 financial crisis to prevent mass lay-offs.

According to data from the Federal Labour Office, the “top-up” payment — known as the “short-time allowance” — was made to 44,000 workers in April, compared to just 13,000 in April 2018.

More broadly, companies are no longer recruiting as aggressively as they used to. According to IHS Markit’s Germany Business Outlook, hiring intentions across Germany’s private sector are the lowest since 2013, and lower than the euro average for the first time in eight years.

IHS Markit said that in manufacturing, for the time since 2014, firms are signalling their intention to cut staff numbers.

“In the space of just a few months, German businesses have gone from being the most confident in the euro area about hiring, to the least,” said Phil Smith, IHS Markit’s principal economist.

The new, darker mood has been seen in recent company announcements. Chemicals giant BASF said it will cut 3,000 jobs in the coming months in Germany. Steel-to-elevators conglomerate Thyssenkrupp is slashing its German workforce by 4,000, carmaker Ford by about 5,400 and Bayer by 4,500.

There have also been a flurry of profit warnings by German blue-chips. This month BASF slashed its forecast for full-year earnings by 30 per cent, blaming trade frictions between the US and China and declining demand from the car industry, one of its biggest customers. Meanwhile Daimler, maker of Mercedes-Benz cars, issued its fourth profit warning in a little more than a year.

So far, problems at individual companies have not affected broader employment data. “The labour market is still in a very, very good state, and we are still expecting the strong wage growth to continue in the coming years,” Claus Michelsen of the DIW think-tank told German radio this month. With baby-boomers retiring, Germany’s skills shortage, already chronic, looks likely to persist.

But if it drags on for much longer, the weakness in German manufacturing could turn out to be a big risk for the economy as a whole. If more companies lay off staff, disposable income will decline and consumer uncertainty will grow, which will increase the danger of a recession.

The IMK economic think-tank last week said there was a 36.6 per cent risk of a recession in Germany in the next three months — up from 30.9 per cent in June and twice as high as in July last year. It blamed the worsening mood in German boardrooms, the decline in orders from abroad and the slight fall in vacancies on the labour market.

“The German economy is preparing for harder times than it has experienced in the last five years,” said the BDA’s Mr Kampeter.

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By *ara JTV/TS  over a year ago

Bristol East

And your point is?

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By (user no longer on site)  over a year ago

I think this kind of story has been around for a while now. Germany has a higher proportion of manufacturing and so has seen the trade wars have a greater effect than a more services based country like the UK.

Hasn't the DAX been doing okay over the past five years... Just been a bit flat in the last year...

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By *asyukMan  over a year ago

West London

There is a global slow down.

It is effecting China and the US. It's effecting everyone.

You keep your head buried in your unnamed "specialist publications" Pat.

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By (user no longer on site)  over a year ago

[Removed by poster at 27/07/19 09:06:58]

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"And your point is?"

Probably sexual pleasure at the possible uncertainty for the workers..

Some wierd types on here..

Who knew hate of anything EU might be a fetish..

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By (user no longer on site)  over a year ago

Why are you worried about the economy in Germany and are not worried about the economy in the UK after brexit without a deal. Where is your point?

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By (user no longer on site) OP     over a year ago


"And your point is?

Probably sexual pleasure at the possible uncertainty for the workers..

Some wierd types on here..

Who knew hate of anything EU might be a fetish.. "

You probably need to refer your query to the author of the article, not the messenger.

Anyone with a diversified pension fund will want the German economy to be successfull.

However we have to recognise that there is a downturn in many European countries.

You appear to to sneering at a FT journalist who published a factual article , in addition to sneering at the workers concerned .

Sometimes it is just best to accept the facts as they are .

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By (user no longer on site)  over a year ago


"And your point is?"

I was scanning down the block of copy and paste to assetain what his point was but I don't think he expressed one.

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By (user no longer on site)  over a year ago

For me one point is that this could have easily seemed like a brexit commentary if we'd replaced a few words.

But most of the commentary is about macroeconomic factors which are part and parcel of the business cycle.

Our doom and gloom is from a freak event with uncertainty if it will rebound out (as its a brave new world)

Both suxk for those involved.

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"And your point is?

Probably sexual pleasure at the possible uncertainty for the workers..

Some wierd types on here..

Who knew hate of anything EU might be a fetish.. You probably need to refer your query to the author of the article, not the messenger.

Anyone with a diversified pension fund will want the German economy to be successfull.

However we have to recognise that there is a downturn in many European countries.

You appear to to sneering at a FT journalist who published a factual article , in addition to sneering at the workers concerned .

Sometimes it is just best to accept the facts as they are . "

No sneering here, just your usual desparate attempts to search the Web for anything that you think indicates bad news..

You are focused only on what you perceive to be doom and gloom, it's industry/commerce/the economic ups and downs..

Funny that you ever seem to find anything positive about the EU or its countries and never acknowledge at all any possible and already occurred downsides to us leaving..

Myopic as per..

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By *wisted999Man  over a year ago

North Bucks

It’s no secret the European Economy is experiencing real issues right now.

Upon a recent visit to Spain, Italy and Corfu I saw and heard it all first hand. It’s a real worry for the youth.

It’s not a death knell for the EU though.

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By *asyukMan  over a year ago

West London


"An assessment of part of the European economy

The Halloren chocolate factory in Halle, Heraeus’s quartz glass works in Bitterfeld and Nemak’s auto supplies plant in Wernigerode have little in common, outwardly at least. But all have resorted to the same unusual manoeuvre to cope with Germany’s industrial slowdown.

The three are among dozens of companies that have imposed “short-time work” on their employees, in what economists say could be the harbinger of trouble in the German labour market.

Germany is in its tenth straight year of economic growth, with unemployment close to a record post-reunification low. But the US-China trade war, fears of a no-deal Brexit and the cooling of the Chinese auto market are taking a big toll on the export-oriented German economy.

“Our members are telling us that the economic boom is over,” said Steffen Kampeter, head of the BDA employers’ association. “We are seeing a sideways movement, with the risk of a downturn.”

Manufacturing orders have been falling, while exports stagnate and production in many industries is in decline. Germany’s economics ministry said last week it expected the weakness in the industrial sector to persist over the coming months.

“German manufacturing industry has effectively been in recession since mid-2018,” said Timo Wollmershäuser, deputy director of the Ifo Center for Macroeconomics and Surveys, a think-tank.

German weakness is overshadowing the whole of the eurozone, and could prompt the ECB to take fresh measures to support the currency area’s economy. With the bank’s governing council meeting this Thursday, many investors anticipate a cut to the ECB’s deposit rate, already at minus 0.4 per cent, as well as a revival of bond purchases later in the year.

German industrial weakness is now beginning to leave its mark on the country’s labour practices. A recent survey by Mr Wollmershäuser found more and more companies seeking to curb their wage costs by reducing employees’ working hours — a sign of emptying order books and slowing output.

The phenomenon was particularly widespread among manufacturers of heavy vehicles such as trains, aircraft and defence equipment, he said: in that sector, 30 per cent of companies had resorted to short-time work. On average, 3.8 per cent of manufacturers had cut their workers’ hours, but Ifo expects that figure to rise to 8.5 per cent in the next three months.

The advantage of short-time work is clear: under German law, the government will cover most of the shortfall in a worker’s wages if his employer has been forced to cut hours due to an economic downturn. The policy was first introduced in the wake of the 2008 financial crisis to prevent mass lay-offs.

According to data from the Federal Labour Office, the “top-up” payment — known as the “short-time allowance” — was made to 44,000 workers in April, compared to just 13,000 in April 2018.

More broadly, companies are no longer recruiting as aggressively as they used to. According to IHS Markit’s Germany Business Outlook, hiring intentions across Germany’s private sector are the lowest since 2013, and lower than the euro average for the first time in eight years.

IHS Markit said that in manufacturing, for the time since 2014, firms are signalling their intention to cut staff numbers.

“In the space of just a few months, German businesses have gone from being the most confident in the euro area about hiring, to the least,” said Phil Smith, IHS Markit’s principal economist.

The new, darker mood has been seen in recent company announcements. Chemicals giant BASF said it will cut 3,000 jobs in the coming months in Germany. Steel-to-elevators conglomerate Thyssenkrupp is slashing its German workforce by 4,000, carmaker Ford by about 5,400 and Bayer by 4,500.

There have also been a flurry of profit warnings by German blue-chips. This month BASF slashed its forecast for full-year earnings by 30 per cent, blaming trade frictions between the US and China and declining demand from the car industry, one of its biggest customers. Meanwhile Daimler, maker of Mercedes-Benz cars, issued its fourth profit warning in a little more than a year.

So far, problems at individual companies have not affected broader employment data. “The labour market is still in a very, very good state, and we are still expecting the strong wage growth to continue in the coming years,” Claus Michelsen of the DIW think-tank told German radio this month. With baby-boomers retiring, Germany’s skills shortage, already chronic, looks likely to persist.

But if it drags on for much longer, the weakness in German manufacturing could turn out to be a big risk for the economy as a whole. If more companies lay off staff, disposable income will decline and consumer uncertainty will grow, which will increase the danger of a recession.

The IMK economic think-tank last week said there was a 36.6 per cent risk of a recession in Germany in the next three months — up from 30.9 per cent in June and twice as high as in July last year. It blamed the worsening mood in German boardrooms, the decline in orders from abroad and the slight fall in vacancies on the labour market.

“The German economy is preparing for harder times than it has experienced in the last five years,” said the BDA’s Mr Kampeter."

You always claim that it is prudent to plan ahead.

Isn't that what they are doing?

JLR is putting its workers on reduced hours too...

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"It’s no secret the European Economy is experiencing real issues right now.

Upon a recent visit to Spain, Italy and Corfu I saw and heard it all first hand. It’s a real worry for the youth.

It’s not a death knell for the EU though. "

Don't tell Pat, he's digging out his black tie..

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By *V-AliceTV/TS  over a year ago

Ayr


"Sometimes it is just best to accept the facts as they are ."

When the fuck have you ever done that? LOL

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL"

Totally this..

Multiple profiles, same old blinkered myopic ignorance..

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By (user no longer on site)  over a year ago


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. "

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By (user no longer on site)  over a year ago


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. "

I'm sure Pats / Tractors and Trailers multiple profiles are just an administrative error and all is above board and any rational person would know that

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance..

I'm sure Pats / Tractors and Trailers multiple profiles are just an administrative error and all is above board and any rational person would know that "

Only if they have read a specialist publication..

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By (user no longer on site)  over a year ago


"It’s no secret the European Economy is experiencing real issues right now.

Upon a recent visit to Spain, Italy and Corfu I saw and heard it all first hand. It’s a real worry for the youth.

It’s not a death knell for the EU though. "

Just send the youths to university... That helps the figures. Even better if you can get them to pay for it

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By *asyukMan  over a year ago

West London


"An assessment of part of the European economy

The Halloren chocolate factory in Halle, Heraeus’s quartz glass works in Bitterfeld and Nemak’s auto supplies plant in Wernigerode have little in common, outwardly at least. But all have resorted to the same unusual manoeuvre to cope with Germany’s industrial slowdown.

The three are among dozens of companies that have imposed “short-time work” on their employees, in what economists say could be the harbinger of trouble in the German labour market.

Germany is in its tenth straight year of economic growth, with unemployment close to a record post-reunification low. But the US-China trade war, fears of a no-deal Brexit and the cooling of the Chinese auto market are taking a big toll on the export-oriented German economy.

“Our members are telling us that the economic boom is over,” said Steffen Kampeter, head of the BDA employers’ association. “We are seeing a sideways movement, with the risk of a downturn.”

Manufacturing orders have been falling, while exports stagnate and production in many industries is in decline. Germany’s economics ministry said last week it expected the weakness in the industrial sector to persist over the coming months.

“German manufacturing industry has effectively been in recession since mid-2018,” said Timo Wollmershäuser, deputy director of the Ifo Center for Macroeconomics and Surveys, a think-tank.

German weakness is overshadowing the whole of the eurozone, and could prompt the ECB to take fresh measures to support the currency area’s economy. With the bank’s governing council meeting this Thursday, many investors anticipate a cut to the ECB’s deposit rate, already at minus 0.4 per cent, as well as a revival of bond purchases later in the year.

German industrial weakness is now beginning to leave its mark on the country’s labour practices. A recent survey by Mr Wollmershäuser found more and more companies seeking to curb their wage costs by reducing employees’ working hours — a sign of emptying order books and slowing output.

The phenomenon was particularly widespread among manufacturers of heavy vehicles such as trains, aircraft and defence equipment, he said: in that sector, 30 per cent of companies had resorted to short-time work. On average, 3.8 per cent of manufacturers had cut their workers’ hours, but Ifo expects that figure to rise to 8.5 per cent in the next three months.

The advantage of short-time work is clear: under German law, the government will cover most of the shortfall in a worker’s wages if his employer has been forced to cut hours due to an economic downturn. The policy was first introduced in the wake of the 2008 financial crisis to prevent mass lay-offs.

According to data from the Federal Labour Office, the “top-up” payment — known as the “short-time allowance” — was made to 44,000 workers in April, compared to just 13,000 in April 2018.

More broadly, companies are no longer recruiting as aggressively as they used to. According to IHS Markit’s Germany Business Outlook, hiring intentions across Germany’s private sector are the lowest since 2013, and lower than the euro average for the first time in eight years.

IHS Markit said that in manufacturing, for the time since 2014, firms are signalling their intention to cut staff numbers.

“In the space of just a few months, German businesses have gone from being the most confident in the euro area about hiring, to the least,” said Phil Smith, IHS Markit’s principal economist.

The new, darker mood has been seen in recent company announcements. Chemicals giant BASF said it will cut 3,000 jobs in the coming months in Germany. Steel-to-elevators conglomerate Thyssenkrupp is slashing its German workforce by 4,000, carmaker Ford by about 5,400 and Bayer by 4,500.

There have also been a flurry of profit warnings by German blue-chips. This month BASF slashed its forecast for full-year earnings by 30 per cent, blaming trade frictions between the US and China and declining demand from the car industry, one of its biggest customers. Meanwhile Daimler, maker of Mercedes-Benz cars, issued its fourth profit warning in a little more than a year.

So far, problems at individual companies have not affected broader employment data. “The labour market is still in a very, very good state, and we are still expecting the strong wage growth to continue in the coming years,” Claus Michelsen of the DIW think-tank told German radio this month. With baby-boomers retiring, Germany’s skills shortage, already chronic, looks likely to persist.

But if it drags on for much longer, the weakness in German manufacturing could turn out to be a big risk for the economy as a whole. If more companies lay off staff, disposable income will decline and consumer uncertainty will grow, which will increase the danger of a recession.

The IMK economic think-tank last week said there was a 36.6 per cent risk of a recession in Germany in the next three months — up from 30.9 per cent in June and twice as high as in July last year. It blamed the worsening mood in German boardrooms, the decline in orders from abroad and the slight fall in vacancies on the labour market.

“The German economy is preparing for harder times than it has experienced in the last five years,” said the BDA’s Mr Kampeter."

Pat, be more positive!

Anybody knows that over a 20-30 year cycle the economy will balance out and everything will be fine.

The doom and gloom mongers are always talking the economy down.

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By (user no longer on site) OP     over a year ago


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. "

Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

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By *oo hotCouple  over a year ago

North West


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some."

One can’t help but wonder if some unnamed and non specific member with multiple profiles may be guilty themselves of spending two, three maybe four times as long on here as someone who only needs to think about one profile??

How on Earth would someone with so many profiles to manage find the time to read specialist publications as well?

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By *avagliamMan  over a year ago

London


"And your point is?"

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By *asyukMan  over a year ago

West London


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some."

Why do you post on this forum Pat?

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By (user no longer on site)  over a year ago

Let's stop attacking posters folks.

It's an interesting article which can invoke discussions. Not all will have FT access.

Another thought which occurs and doesnt get talked abouth enough is, if we are more reliant on services, why is all Brexit talk obout goods... Eg gatt 24. Where's the free trade solution for no deal services?

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By *abioMan  over a year ago

Newcastle and Gateshead

since we are going to have a economic comparision contest.... I can dig out the latest obr figures for the UK economy... compared to the last ECB figures for the Eurozone....

do you really want me to do that pat..... because it aint going to end well.....

and you'll just end up mumbling about the wetherspoon bloke

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By *avagliamMan  over a year ago

London

Meanwhile, in the USA...

"New GDP data confirms Trump’s tax cuts aren’t working;

Growth is slowing and business investment is actually negative."

https://www.vox.com/2019/7/26/8931569/gdp-q2-trump-tax-failed?fbclid=IwAR0BanJFMN68p58p40lAwgPDi8Zse1oiT6TAO4MmwzU1r0rCgQNAEw8xpX8

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By *asyukMan  over a year ago

West London


"Let's stop attacking posters folks.

It's an interesting article which can invoke discussions. Not all will have FT access.

Another thought which occurs and doesnt get talked abouth enough is, if we are more reliant on services, why is all Brexit talk obout goods... Eg gatt 24. Where's the free trade solution for no deal services? "

OK.

Fair enough. The frustration doesn't excuse it.

Apologies Pat.

Because the situation with goods is more clear.

It could also lead to our unbalanced economy becoming even more scewed away from production.

The big concern for the UK is the ability to deal with the EU financial services and insurance markets as it is purely within their gift on a day to day basis if they wish to grant us equivalence or not.

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By *abioMan  over a year ago

Newcastle and Gateshead


"Meanwhile, in the USA...

"New GDP data confirms Trump’s tax cuts aren’t working;

Growth is slowing and business investment is actually negative."

https://www.vox.com/2019/7/26/8931569/gdp-q2-trump-tax-failed?fbclid=IwAR0BanJFMN68p58p40lAwgPDi8Zse1oiT6TAO4MmwzU1r0rCgQNAEw8xpX8

"

trump blaiming the feds for not being aggressive in cutting interest rates... people pointing fingers at trump for his trade war tariff policy

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By (user no longer on site) OP     over a year ago


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

One can’t help but wonder if some unnamed and non specific member with multiple profiles may be guilty themselves of spending two, three maybe four times as long on here as someone who only needs to think about one profile??

How on Earth would someone with so many profiles to manage find the time to read specialist publications as well? "

Most members would be too embarrassed to admit that they spent their spare time trying to analyse if a member had more than one account. I just hope that I would never have to pass my spare time doing that. Another account gives the site extra revenue .

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By (user no longer on site)  over a year ago


"Let's stop attacking posters folks.

It's an interesting article which can invoke discussions. Not all will have FT access.

Another thought which occurs and doesnt get talked abouth enough is, if we are more reliant on services, why is all Brexit talk obout goods... Eg gatt 24. Where's the free trade solution for no deal services?

OK.

Fair enough. The frustration doesn't excuse it.

Apologies Pat.

Because the situation with goods is more clear.

It could also lead to our unbalanced economy becoming even more scewed away from production.

The big concern for the UK is the ability to deal with the EU financial services and insurance markets as it is purely within their gift on a day to day basis if they wish to grant us equivalence or not."

I agree. Its a simpler problem to articulate and easier solutions to present back (by easier I mean a snappier soundbite to just say article 24)

I also think the FS has done a lot of work by themselves. (at huge cost and opportunity cost mind you). I also think politicians are mindful "bankers" are still demonised so many of the public still think fuck banks...

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By *mmabluTV/TS  over a year ago

upton wirral

[Removed by poster at 27/07/19 11:40:49]

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By *mmabluTV/TS  over a year ago

upton wirral


"And your point is?"
That the strongest economy of the other 27 EU countries is failing,the EU is failing and falling apart.

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By (user no longer on site)  over a year ago


"And your point is?That the strongest economy of the other 27 EU countries is failing,the EU is failing and falling apart."

On what basis is it failing? It's international approach will mean it's less insulated to trade wars than us. Are you saying this is a bad idea.. Because trump is saying we're going to treble our exposure to the US with a new deal...

Most measures of success have Germany in a better place than us... They have headroom to absorb a blip..

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some."

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre..

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By (user no longer on site) OP     over a year ago


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on here that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre.. "

. Hi . There is nothing wrong in having no common sense , being blinkered or ignorant , or refusing to use objective reasoning .

What actually matters is the feedback which you receive in real life , not by keyboard warriors who can post anything on this site that they would be too afraid to say to someones face .

I have always preferred to back winners - the Conservative Party , the DUP , leaving the EU and President Trump who has a vision of making America Great again .

Some posters would do well to analyse why they are spending so much time on here posting non constructive comments and why they are unable to make better use of their free time

I have had a few private messages which made very realistic assessments of a few posters on here.

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on here that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre.. . Hi . There is nothing wrong in having no common sense , being blinkered or ignorant , or refusing to use objective reasoning .

What actually matters is the feedback which you receive in real life , not by keyboard warriors who can post anything on this site that they would be too afraid to say to someones face .

I have always preferred to back winners - the Conservative Party , the DUP , leaving the EU and President Trump who has a vision of making America Great again .

Some posters would do well to analyse why they are spending so much time on here posting non constructive comments and why they are unable to make better use of their free time

I have had a few private messages which made very realistic assessments of a few posters on here.

"

Your first paragraph says more about you rgan than I ever could..

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By *asyukMan  over a year ago

West London


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on here that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre.. . Hi . There is nothing wrong in having no common sense , being blinkered or ignorant , or refusing to use objective reasoning .

What actually matters is the feedback which you receive in real life , not by keyboard warriors who can post anything on this site that they would be too afraid to say to someones face .

I have always preferred to back winners - the Conservative Party , the DUP , leaving the EU and President Trump who has a vision of making America Great again .

Some posters would do well to analyse why they are spending so much time on here posting non constructive comments and why they are unable to make better use of their free time

I have had a few private messages which made very realistic assessments of a few posters on here.

"

I'm not implying that you are in any way associated with such groups, but the Nazi Party and the Bolsheviks in Russia were "winners". As was Mao in China.

Backing "winners" is not necessarily a positive is it?

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on here that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre.. . Hi . There is nothing wrong in having no common sense , being blinkered or ignorant , or refusing to use objective reasoning .

What actually matters is the feedback which you receive in real life , not by keyboard warriors who can post anything on this site that they would be too afraid to say to someones face .

I have always preferred to back winners - the Conservative Party , the DUP , leaving the EU and President Trump who has a vision of making America Great again .

Some posters would do well to analyse why they are spending so much time on here posting non constructive comments and why they are unable to make better use of their free time

I have had a few private messages which made very realistic assessments of a few posters on here.

"

And pat, the last paragraph

Putting to one side the possible indiscretion of discussing others pm's and the ner ner na ner ner my friends don't like you either tone..

Is it a bit worrying that you could be quoting some of your other profiles..

Strange if it is..

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By *bandjam91Couple  over a year ago

London


"And your point is?

Probably sexual pleasure at the possible uncertainty for the workers..

Some wierd types on here..

Who knew hate of anything EU might be a fetish.. You probably need to refer your query to the author of the article, not the messenger.

Anyone with a diversified pension fund will want the German economy to be successfull.

However we have to recognise that there is a downturn in many European countries.

You appear to to sneering at a FT journalist who published a factual article , in addition to sneering at the workers concerned .

Sometimes it is just best to accept the facts as they are . "

Is this like when you happily accepted the opinion of 14 FT analysts projecting the share price of Wetherspoons dropping?

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By (user no longer on site) OP     over a year ago


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on here that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre.. . Hi . There is nothing wrong in having no common sense , being blinkered or ignorant , or refusing to use objective reasoning .

What actually matters is the feedback which you receive in real life , not by keyboard warriors who can post anything on this site that they would be too afraid to say to someones face .

I have always preferred to back winners - the Conservative Party , the DUP , leaving the EU and President Trump who has a vision of making America Great again .

Some posters would do well to analyse why they are spending so much time on here posting non constructive comments and why they are unable to make better use of their free time

I have had a few private messages which made very realistic assessments of a few posters on here.

And pat, the last paragraph

Putting to one side the possible indiscretion of discussing others pm's and the ner ner na ner ner my friends don't like you either tone..

Is it a bit worrying that you could be quoting some of your other profiles..

Strange if it is..

"

Real life feedback is more than good enough for me . I have no need to rely on feedback from this forum . On one site a score of 9.6 out of 10 and repeat customers keeps me happy . This is objective scoring used pre defined criteria .

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on here that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre.. . Hi . There is nothing wrong in having no common sense , being blinkered or ignorant , or refusing to use objective reasoning .

What actually matters is the feedback which you receive in real life , not by keyboard warriors who can post anything on this site that they would be too afraid to say to someones face .

I have always preferred to back winners - the Conservative Party , the DUP , leaving the EU and President Trump who has a vision of making America Great again .

Some posters would do well to analyse why they are spending so much time on here posting non constructive comments and why they are unable to make better use of their free time

I have had a few private messages which made very realistic assessments of a few posters on here.

And pat, the last paragraph

Putting to one side the possible indiscretion of discussing others pm's and the ner ner na ner ner my friends don't like you either tone..

Is it a bit worrying that you could be quoting some of your other profiles..

Strange if it is..

Real life feedback is more than good enough for me . I have no need to rely on feedback from this forum . On one site a score of 9.6 out of 10 and repeat customers keeps me happy . This is objective scoring used pre defined criteria . "

Are you sure it's you and not one of your other personalities..?

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By *mmabluTV/TS  over a year ago

upton wirral


"And your point is?That the strongest economy of the other 27 EU countries is failing,the EU is failing and falling apart.

On what basis is it failing? It's international approach will mean it's less insulated to trade wars than us. Are you saying this is a bad idea.. Because trump is saying we're going to treble our exposure to the US with a new deal...

Most measures of success have Germany in a better place than us... They have headroom to absorb a blip.. "

It is no blip and the EU drains its own resources as to many week small nations involved,it is a tower of babel

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By *wisted999Man  over a year ago

North Bucks

Pat I would love to know what you did for a living mate.

I just can’t put a job to your persona dude.

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By (user no longer on site)  over a year ago


"Pat I would love to know what you did for a living mate.

I just can’t put a job to your persona dude. "

Professor of economics is my guess

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By *bandjam91Couple  over a year ago

London


"Pat I would love to know what you did for a living mate.

I just can’t put a job to your persona dude.

Professor of economics is my guess "

That would make him an expert. Which would make him wrong by default. Except when he's right. Which would be when his opinion reinforced a popular myth. Then he'd be one of them good experts.

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By *avidnsa69Man  over a year ago

Essex


"Sometimes it is just best to accept the facts as they are .

When the fuck have you ever done that? LOL

Totally this..

Multiple profiles, same old blinkered myopic ignorance.. Hi. Just as well that anyone can post anything that they like on here. In real life no one would tell anyone that they were blinkered and ignorant. That is reserved purely for the keyboard warriors on here who prefer to type comments on here that they would not dare say to people's faces .

The only feedback that matters is that which you receive in real life.

It would appear that some posters on here should make more constructive use of their spare time .

An analysis of how long some members spend either logged on or commenting on posts on this site could potentially be very embarrassing for some.

Got to be honest I've never met anyone in my time who has displayed such a lack of common sense, blinkered ignorance and a total refusal to use any objective reasoning as you have..

That's my analysis, are you not contradicting yourself in your banal drivel on social media about how others use social media..

Are you now the time police for how others spend their time, tad ironic and bizarre.. . Hi . There is nothing wrong in having no common sense , being blinkered or ignorant , or refusing to use objective reasoning .

What actually matters is the feedback which you receive in real life , not by keyboard warriors who can post anything on this site that they would be too afraid to say to someones face .

I have always preferred to back winners - the Conservative Party , the DUP , leaving the EU and President Trump who has a vision of making America Great again .

Some posters would do well to analyse why they are spending so much time on here posting non constructive comments and why they are unable to make better use of their free time

I have had a few private messages which made very realistic assessments of a few posters on here.

"

Are you really suggesting that in real life no one has ever told you you're spouting idiotic tosh?

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By *avidnsa69Man  over a year ago

Essex


"And your point is?That the strongest economy of the other 27 EU countries is failing,the EU is failing and falling apart.

On what basis is it failing? It's international approach will mean it's less insulated to trade wars than us. Are you saying this is a bad idea.. Because trump is saying we're going to treble our exposure to the US with a new deal...

Most measures of success have Germany in a better place than us... They have headroom to absorb a blip.. It is no blip and the EU drains its own resources as to many week small nations involved,it is a tower of babel"

Do you really mean that? It makes no sense

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By *olly_chromaticTV/TS  over a year ago

Stockport


"Pat I would love to know what you did for a living mate.

I just can’t put a job to your persona dude. "

My guess is artificial intelligence...

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By *oo hotCouple  over a year ago

North West


"Pat I would love to know what you did for a living mate.

I just can’t put a job to your persona dude.

My guess is artificial intelligence..."

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By (user no longer on site)  over a year ago


"And your point is?That the strongest economy of the other 27 EU countries is failing,the EU is failing and falling apart.

On what basis is it failing? It's international approach will mean it's less insulated to trade wars than us. Are you saying this is a bad idea.. Because trump is saying we're going to treble our exposure to the US with a new deal...

Most measures of success have Germany in a better place than us... They have headroom to absorb a blip.. It is no blip and the EU drains its own resources as to many week small nations involved,it is a tower of babel

Do you really mean that? It makes no sense"

We are person for person less productive than the German. That is now the case for more than a century old, and the answer has nothing to do with the EU. Indeed most of our problems are not caused by the eu, but by chronic British short-termism, inadequate management, sloth, low skills, a culture of easy gratification and under-investment in both human and physical capital and infrastructure.

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