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  1. #11
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    Quote Originally Posted by Graham Breeze View Post
    Oh Oracle! Who are you by the way? Skulking and sniping behind a carapace of anonymity - do you even deserve a response?

    My delight was purely with Muddy Retriever's grammatical observation and dry humour. Nothing to do with Brexit. Oh my dear!

    Notwithstanding and to display my renowned largesse...

    At the time of the referendum I favoured remain. I thought the many faults of the EU could be sorted by the UK being inside as a "big beast", along with other discontented countries. In a previous existence I held a pendulum view of organisational change: things generally go too far, but then are brought back,...etc. (It's a metaphor so do not overanalyse).

    The other aspect, and I do not wish to reprise my previous comments, is that by leaving the UK was never, never, never going to achieve a "good deal" (in another previous existence I worked in industrial relations) - as we all now clearly see, oh so clearly. So better never to have left than finish where we are now.

    Of course things may improve with the incoming EU regime but, to use another negotiation cliché: after you have stripped the other guy naked then offer him a loin cloth to preserve his dignity and he will weep in gratitude for your generosity.

    So here we are. One UK begging bowl but many politicians squabbling over who can be tossed the EU crust, and all dominated by which course of action will win the next General Election.

    And on your other favourite topic: even a Bianchi doesn't turn a carthorse into a stallion. Primoz Roglic came only 3rd in the Giro, although that may be down to his team (Jumbo-Visma) using Shimano groupsets, whereas I, of course, ride Campagnolo - as, I note, did the Giro winner.
    But there of course is the problem: you have no positive reason, just as Cameron and Osbourne could not identify a single one and were forced into negative selling of leaving, just as you did. Of course there could have been a win win deal. .

    You , like Cameron and Osbourne just feared the vindictive nastiness of unelected ideologues who have presided over the expensive dysfunction that is the EU. That is a reason to leave not stay! As is the fact they refused to even do a minimum to help sway the vote in favour of stay. So there is no "improvement" or remain and reform possible. I have pointed at the stupidity with which EU now attempts to bully italy kicking away at their own foundations in the process. Eu always has let rules trump sense.

    As for equlibrium and rebalance, it is simply not so. The construction of the euro favours positive feedback not negative. It is inherently unstable which is why all previous currency unions have failed. The rich get richer and the poorer get poorer and those with nothing have nothing to lose, which is why it is dangerous having 50 percent youth unemployment becoming angry young adults who will blame the EU. We really are at the limits of ECB and target2, and Italies debt is still increasing as it must. All it needs is bondholders to be spooked and the entire edifice will come crashing down. The banks of europe are in worse shape than they were before the last crash. Thats why deutsche bank shares have been sliding for years.


    Meanwhile the growth rate of other substantial trading countries outshines that of the EU, precisely because EU is an inefficient protection zone. For that reason just being out is a good deal. 1 percent a year growth better than EU compounded, will do just nicely. It just takes vision, to see what we could become as singapore of the north.

    It seems I will not win the Giro because of Shimano then. I knew there must be a reason other than athleticity. I am stuck, where (I believe) you were once, with the Boardman Carbon and Ultegra.
    Last edited by Oracle; 04-06-2019 at 02:32 PM.

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