SERVING THE QUANTITATIVE FINANCE COMMUNITY

Gamal
Posts: 2162
Joined: February 26th, 2004, 8:41 am

Re: UK and the EU: In or out?

Top 10 German Exports to the UK
Germany's exports to United Kingdom amounted to $94.7 billion or 6.6% of its overall exports. 1. Vehicles:$28.2 billion
2. Machinery: $13.7 billion 3. Electronic equipment:$6.8 billion
4. Pharmaceuticals: $5.8 billion 5. Plastics:$3.6 billion
6. Medical, technical equipment: $3.4 billion 7. Aircraft, spacecraft:$1.9 billion
8. Gems, precious metals: $1.8 billion 9. Aluminum:$1.8 billion
10. Iron or steel products: \$1.5 billion

BMW and Daimler may worry about the hard Brexit, the others will not, esspecially the financial sector. And what do ordinary people in the main street say? All of them the same:

Liebe Engländer,

If you want to stay in the EU, you are welcome. If you want to go, have a nice trip. We may even help you with our German technology if you insists on floating away. There's only one thing we want from you - don't bother us with your problems with yourselves. Bitte, bitte, bitte.

Mit freundlichen Grüßen

Your ordinary ze German

rmax
Posts: 6053
Joined: December 8th, 2005, 9:31 am

Re: UK and the EU: In or out?

As a staunch remainer, I would hope we say. But don't you think the the DEM rate has been kept artificially low by being within the eurozone, hence making German exports much much cheaper?

Gamal
Posts: 2162
Joined: February 26th, 2004, 8:41 am

Re: UK and the EU: In or out?

Ze Germans were clever. Ask Greeks, Italians and all the others why they were idiots.

Everything is in Mundell's articles.

ISayMoo
Posts: 1399
Joined: September 30th, 2015, 8:30 pm

Re: UK and the EU: In or out?

Cuchulainn
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Joined: July 16th, 2004, 7:38 am
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Re: UK and the EU: In or out?

Do you agree?
How much UK politics and history of the period 1959-1975 do you know?

Cuchulainn
Posts: 58122
Joined: July 16th, 2004, 7:38 am
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Re: UK and the EU: In or out?

Weak journalism == overuse of emotive, ambiguous and context-sensitive adjectives.

And this piece is weak in the extreme. Feels as if it was written some time ago.
But, some readers might find it attractive.

A traveller on the continent of Europe had until a few years ago the experience of crossing many borders. For some adolescents and young people this was a thrill; for others a confounded nuisance. Part of the experience was the need to change from one money into another. Now both the thrill and the nuisance have vanished.

-> When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things. Corinthians 13:11

Cuchulainn
Posts: 58122
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
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Re: UK and the EU: In or out?

I'm ready for all-comers on politics; give it your best shot LOL

rmax
Posts: 6053
Joined: December 8th, 2005, 9:31 am

Re: UK and the EU: In or out?

It is fluffy, and seems to have been written to fill column inches. The basic premise is correct though IMHO.

Cuchulainn
Posts: 58122
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
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Re: UK and the EU: In or out?

Unfortunately, there are no latter-day Robert Kee nor Robin Day. Even a David Frost.