Teacher’s Pet continues to grapple with irate, brick-lobbing farm-workers across France and can ill afford a big market for French cheeses, wines etc suddenly closing down over the Channel. The “yellow-jacket” protesters are determined and angry, on occasion burning EU flags.
"North Korea has indicated they have no intention of continuing, and the initial deal itself is being exposed as the fraudulent nothing-burger it always was. Like the China trade deal, the North Korean talks are designed to fail. China will not quadruple its agricultural purchases from the US for any meaningful length of time, and North Korea will never voluntarily denuke."
In much of the world, political power equals money – and democracy is fine, just so long as I am guaranteed to win. The ability of ordinary voters in many parts of the world to hold their governing class to account is laughably remote. Two consequences generally flow from this: corruption on a massive scale by those entrenched in power; and, in the end, a violent backlash from desperate people who feel utterly abandoned and betrayed – and who opt to make a fight of it.
There is a little-heard counterview to the main narrative: the IRA, far from brave, sued for peace because the military tide had turned against them. The two previous years in the late 1980s were the first and second since the Troubles began in which more Republican than Loyalist paramilitaries were killed. If this is correct, the Provos sued for peace because they were scared, not because they were brave.
The Tories’ legendary survival instinct then switched in. They ditched their leader, elected a new leader with kerb appeal and did a deal with the EU that all Remainers had pronounced impossible.
Even if a ‘deep and comprehensive’ deal could reduce these by say one-third, the economic impact would be tiny: prices of exports worth 13% of UK GDP might perhaps be 1 to 1.5% lower, so even if the price elasticity of demand for these exports was 2, they might rise 2-3% and UK GDP might be 0.3-0.4% higher. This is very small beer.
The ‘witty slogans’ and Enid Blyton-esque picnic lunches beloved of those who marched for a People’s Vote are, on the face of it, harmless enough. But at the heart of the campaign, these twee trappings give way to a darker reality. Remain politics has become an elite status symbol, encouraging a form of dinner-party politics which is antithetical to democracy.
Cold Storage is a chain of grocery stores. Well that does not quite do it justice. Imagine your favourite Waitrose, add some Harrods and Fortnums and you are close. The chain, majority British owned, has stores throughout S.E. Asia and is spreading to China too.
"The EU Defence Union foundation agreements and implementing legislation are all made in and under EU law, and everything is linked to everything else. So, like a spider’s web, to touch one part ... is to be trapped under the strategic control of the Global Strategy in the EU’s Common Security & Foreign Policy."
There is massive danger is a reeling bond market. If we see rising yields morph into a serious bond market meltdown, the melt-up in stocks could split and go rancid very quickly. Rising rates have massive negative implications for corporate credit and without the juice of further central bank easing – stock markets could well lose heart.
We can be sure that the EU will do everything it can to stop the UK from being able to adopt policies that make us more competitive. This does not mean lower standards, but better standards and regulations designed by UK legislators for UK conditions and not by EU bureaucrats.
"The Tories may well change the rights of workers but at least we will have the possibility as a Labour Party and trade union movement to put those back, as we have done before. When those rights go in the EU, they are gone for good. They become more or less unalterable.”