Friday 24 January 2020


Trump says that China is going to buy more goods from the USA.

Skepticism is growing over China's capacity to buy U.S. products, reported the South China Morning Post

"Much of the skepticism of trade purchases by China is from their repeated statements on how import purchases from the deal will be based on market conditions.


China to Expand Imports From U.S. Based on Market Demand

So the entire trade deal is meaningless

Market conditions?
In China, growth slumped to three-decade lows in 2019.

Andrei Agapi, of S&P, says that if "China says it's down to market conditions, then the U.S. will have to be competitive. 
"And the reality is that the U.S. is not competitive by a long shot already, and it hasn't been before either."

Brazilian soya beans are cheaper than US soya beans.

China has been diversifying farm purchases away from the U.S. towards Brazil and Argentina.

Agapi said China has already purchased 50% of its soybean demand for the year from Latin America.

"Demand this year will be lower because the African swine fever wiped out at least half of the country's pig herd."

 Nissan, in the UK.
"Nissan, which employs almost 8,000 people directly in Sunderland, in the UK, has said that a no-deal Brexit will make its UK operation unviable."

Many in the north backed Brexit. They will soon begin to feel ...

In the North and Midlands, of the UK, the mines, shipbuilding and other heavy industries were dismantled under the Thatcher Conservative government in the 1980s.
Recent Conservative governments have applied severe spending cuts in the North and Midlands, and, have abolished regional development agencies.

Hundreds of jobs in the North East could be affected by the decision of automotive giant Honda to close its plant in Swindon, with the loss of more than 3,000 jobs. A number of North East firms are suppliers to Honda, and the news of the plant’s closure is another blow to the region’s automotive sector, coming just two weeks after Nissan cancelled production of its X-Trail model at its Sunderland plant.
EU structural funds have invested billions in Britain's regions to encourage economic revival.

So, "the most severe economic threat to the north is Brexit itself."

Many in the north backed Brexit. They will soon begin to feel ...

In the north-east, the region's CBI, Chamber of Commerce, Federation of Small Businesses, Entrepreneurs' Forum, Northern TUC, local authorities and its four universities signed up to a call for continued access to the single market.


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At 24 January 2020 at 04:46 , Anonymous Anonymous said...

At 24 January 2020 at 06:33 , Anonymous Anonymous said...

It appears, automotive production in Europe as a whole is shrinking. The effects are even noticeable here in Switzerland, by companies providing automotive components mainly to Germany. Brexit might just be a silly excuste for Japanese producers in UK. After all Chrysler is selling their Jeeps/SUV all over Europe and would assume their production is mainly outside EC.

At 24 January 2020 at 11:06 , Anonymous Anonymous said...

At 24 January 2020 at 11:13 , Blogger Andy said...

Brexit ain’t about money - it’s about sovereignty. We won’t sell our freedom for a few Bob.

At 24 January 2020 at 11:29 , Anonymous Anonymous said...

Zionists are gunning for Orla Guerin

At 25 January 2020 at 00:14 , Anonymous Anonymous said...

Brexit is about crashing the pound so that foreign firms can asset-strip our economy and the Tories' bosses in the US can take political control.

At 25 January 2020 at 00:59 , Anonymous Anonymous said...

Orla Guerin got booted out of Israel years and years ago. The Israelis massively unhappy with her style of reporting.

That said, it begs the question why she is 'attached' to the region given the stance the BBC takes regarding Israel.

Just a thought, maybe she is the inflammatory antithesis. It begs the question why there is a furore if there is editorial oversight. Orla compiles the report, however, it is up to the Beeb to broadcast or not. As I said, just a thought.


At 25 January 2020 at 01:48 , Blogger Knobcheese said...

Freedom of expression goes with the European court of human rights. Knobcheese

At 25 January 2020 at 06:42 , Anonymous Anonymous said...

Not true.

In the pending financial crash (2021-2022) Europe will be ground zero, so to speak. The flaw in the € being the lack of consolidation of EU countries’ debt and EU policies that prohibit bank bailouts. The EU is also operating on negative interest rates. Capital flight is already taking place.

The problem became visible in Sept 2019 - headlines at the time were about the "Repo Crisis". Banks were afraid to lend to each other (a raid on Deutsche Bank in Germany in September '19 over the money laundering probe of Danske Bank, which is the biggest lender in Denmark, likely contributed to this sudden collapse in confidence) and overnight lending rates went up to 10%. This forced the US Federal Reserve to step in and they put up Billions of Dollars to calm the markets and force the rates back down.

In 2008 the problem was mortgage-backed securities, this time it will be negative-yielding bonds issued by governments, there's Trillions of $$$'s of it.

No where will be safe including London but the EU will have the biggest headaches. It will also be much larger crisis than 2008.

At 29 January 2020 at 08:34 , Anonymous Anonymous said...

Sanders Camp Livid: ‘If the DNC Believes It’s Going to Get Away in 2020 With What it Did in 2016, It Has Another Thing Coming’
January 29, 2020

"Nina Turner, the national co-chairwoman of the Bernie Sanders campaign, is absolutely furious over the appointment of Hillary Clinton lackeys John Podesta and former Rep. Barney Frank to the rules committee that will oversee the party platform at their nominating convention."

At 13 February 2020 at 07:22 , Anonymous Anonymous said...

Fed Injects $79BN In Liquidity: Term Repo Most Oversubscribed Since Repo Crisis 02/13/2020

"Ominously, the ongoing excess demand for term repo (which in February was cut by $5BN from $35BN to $30BN, and later today will be cut by another $5 billion or so when the Fed releases its upcoming monthly repo schedule) means that the liquidity crisis that continues to percolate just below the surface of the market and has clogged up the critical plumbing within the US financial system, is getting worse, not better, and today's massive oversubscription indicates that one or more entities continues to face a dire shortage of reserves, i.e., cash."


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