Brexit Treaty: What the EU and UK have agreed
FT Sums up what the agreement says – and doesn’t.
Approval Process – EU Summit 25th Nov, House of Commons December, European Parliament. Still risks cabinet ministers may resign.
UK will get bill for European financial commitments – at least Euro 45 bln. Additional payments to cover EU Staff pensions till 2064!
UK to pay “due regard” to European Court rulings.
Northern Ireland – messy. Binds Northern Ireland to single market.
UK customs code is equivalent to customs union lite.
EU rules on competition, labour, environment and taxation to be maintained by UK – makes sense from European perspective.
Fish war still possible – until reciprocal rights established.
Bond Vigilante Poll (353 votes)
Let's say the new Brexit deal is approved by Cabinet, but rejected by Parliament. What is most likely to happen next?
30% No Deal
38% General Election
32% New Referendum
The Collapse has Begun – GE is Now Trading Like Junk
GE – is its tumble towards Fallen Angel the sign of worse to come to US corporate sector as rates rise?
GE Selling Spreads to Bond Markets
GE beginning to look like a firesale… Should we be reassured by statement: “GE does not plan to raise new debt until 2020 so the recent increase in its bond yields will not increase current interest expenses…The company plans to pay down debt through asset sales before returning to bond markets
The effect of geopolitics on uncertain markets - likely to keep markets turbulent.
Bill on Core TV -6/11/18
US Midterm elections - potential gridlock, but getting rid of the uncertainty.
Maybe time to expect better conditions into year end?
Bank of Japan’s Bond and Stock Holdings Top 100% of GDP
The BoJ has dropped the quantitative H-Bomb on the Japanese economy. It controls many companies and bond market liquidity. But to what effect? Japan is still an unconvincing game unless you play follow the BoJ.
Theresa May accused of betrayal as she unveils Brexit deal
French would be speaking German with US, Trump tells Macron.
Ouch. Nothing like a lesson from Trump to focus the mind….
Germany’s Economy, Europe’s Powerhouse, Contracts for First Time in Years
Should not be a crisis – especially if there is limited Brexit hiccup.
WeWork raised $3bln from Softbank as losses balloon.
Apparently it would be unwise to stem losses and make a small profit. Much more sensible to make larger losses and keep expanding the company.. I suppose that makes sense??
Five US Tech Giants spend combined $115 bln on buying back stock
Buybacks are great for stock holders right up to the moment when they aren’t – which is probably when the only thing sustaining the “magic” is the illusion the company is worth more because its stock price is kept high by low interest rates, tax bribes and buy-backs. What’s the underlying reality?