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Stock Market/Investing/Day Trading/Speculative Trading Thread

Meanwhile across the pond...

efUjKbn.jpeg


www.bbc.com

UK economy 'listless' with little growth in four years

The economy shrank by 0.1% in May and has barely grown since 2019 before the pandemic.
www.bbc.com

  • "It didn't grow at all in the three months to May, and in May the economy was only 0.2% bigger than its size just before the Covid pandemic struck, so we've seen next to no growth since the end of 2019."
  • "Inflation - the annual rate at which prices rise - is at 8.7%."

w8s2hc6.jpeg
 
"Two-thirds of the British public think Brexit has damaged the economy, while even among Leave voters only one in five think the impact has been positive."

No shit? Lmao. I like how the 20% of leave voters are holding true, regardless of the evidence.

The impact of Brexit on the UK economy: Reviewing the evidence

Two-thirds of the British public think Brexit has damaged the economy, while even among Leave voters only one in five think the impact has been positive. This column looks at the evidence across three key dimensions – trade, migration and investment – as well as the overall macroeconomic...
cepr.org cepr.org
 
  • Haha
Reactions: Toe
Brexit was like 90% about sovereignty issues. Economics was a factor, but a secondary one. Even as a supporter of the movement, I expected economic lag in the few years following while industries adapted, and the covid response put things even further behind.

Meanwhile, the EU economy has been only marginally better, and France was just on fire teetering on revolution/overthrow with fallout from EU-mandated mass immigration issues being the main driver.

Ultimately, how well Britain governs itself will be the deciding factor in which way this goes. They can certainly screw up their own country without outside help, but the EU is still a garbage organization that's actively setting a series of fuses that'll blow up its member countries.
 
2010sarenevercoming said:
Brexit was like 90% about sovereignty issues. Economics was a factor, but a secondary one. Even as a supporter of the movement, I expected economic lag in the few years following while industries adapted, and the covid response put things even further behind.

Meanwhile, the EU economy has been only marginally better, and France was just on fire teetering on revolution/overthrow with fallout from EU-mandated mass immigration issues being the main driver.

Ultimately, how well Britain governs itself will be the deciding factor in which way this goes. They can certainly screw up their own country without outside help, but the EU is still a garbage organization that's actively setting a series of fuses that'll blow up its member countries.
Click to expand...

I don't see how Brexit is ever going to be good economically for the UK. The UK has been the gateway to the EU for US companies (esp in white collar services) and now that's all going to be replaced by mainland EU. The entire idea on trade was also v dumb since the UK's major trade partners are still just going to be local EU countries, only without the EU benefits. It was a total cut off nose to spite face move.
 
2010sarenevercoming said:
Brexit was like 90% about sovereignty issues. Economics was a factor, but a secondary one. Even as a supporter of the movement, I expected economic lag in the few years following while industries adapted, and the covid response put things even further behind.

Meanwhile, the EU economy has been only marginally better, and France was just on fire teetering on revolution/overthrow with fallout from EU-mandated mass immigration issues being the main driver.

Ultimately, how well Britain governs itself will be the deciding factor in which way this goes. They can certainly screw up their own country without outside help, but the EU is still a garbage organization that's actively setting a series of fuses that'll blow up its member countries.
Click to expand...
I wouldn't say marginally...they are a full 3.8% below the EU aggregate rate since the Pandemic/Brexit. That's nearly 3 years of growth foregone. Without even touching domestic policies like immigration, aggregate investment and trade will almost guarantee a slow decay of real wealth for individuals and growth for the UK...the 24/5/6 forecast looks...very rough.

fredgraph.png


I'm not sure it would be advisable for someone to lay their faith in the UK government to magically start governing better... especially when the party in charge is part of the 1/5th of leavers who think Brexit was good for the Economy. I think this will be a hard lesson learned for the UK...
 
Yeah, this is a very well-established, longstanding survey, first conducted in the 1940s. It's still below average, about where it was c. 2010. Just not as bad as it has been for the last couple years.

www.investopedia.com

Michigan Consumer Sentiment Index (MCSI): What it Means, Uses

The Michigan Consumer Sentiment Index (MCSI) is a monthly survey that gathers information on American consumer expectations regarding the overall economy.
www.investopedia.com www.investopedia.com

2880px-Consumer_Sentiment_Index.webp.png
 
Toe said:
Yeah, this is a very well-established, longstanding survey, first conducted in the 1940s. It's still below average, about where it was c. 2010. Just not as bad as it has been for the last couple years.

www.investopedia.com

Michigan Consumer Sentiment Index (MCSI): What it Means, Uses

The Michigan Consumer Sentiment Index (MCSI) is a monthly survey that gathers information on American consumer expectations regarding the overall economy.
www.investopedia.com www.investopedia.com

2880px-Consumer_Sentiment_Index.webp.png
Click to expand...
If only those people in the late 90s knew what was coming.
 
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