Mountainman: The Markets are Stagnant and INEPT w/ A FIAT SYSTEM that is Dying A Slow Painful Death.......
Until the NEW VALUES Arrive......INSTABILITY will be A REALITY that (MANY) will LOATHE as they try to Find there Way from The Darkness of the Old Reality to (WHAT'S) NEW= In the LIGHT......
I Expect the SPEED to Pick Up as the BREXIT Approaches this Week. IMO
Blessings,Mountainman (8)=New Beginnings.......for .......Are You SERIOUS......???........Yes INDEED.......I AM......
Mountainman: As the TREASURY COFFERS are About to Find A NEW VALUE in this NEW GLOBAL REALITY I firmly See.....Talk like this Making
NEW Head Way as MIRACULOUSLY......The US DEBT gets BALANCED,Just like President Clinton from the Kuwait Days.....
MANY can't Wait for the REDISTRIBUTION of WEALTH to those Who Need it and to those Who Don't......VOTES have A Price as Well......IMO
Blessings,Mountainman (8)=New Beginnings......for New MONEY from the TREASURY CHEST.......INDEED......
Thunderhawk: THIS IS IT ! Are we suprised ?
It's all about trade and shipping Family - Just like we have been telling you for 2 years now.
Next stop The Global New Reality - I fully expect Doc to comment on this article later... Are you smiling now Pappa J Blessings ThunderHawk IMO
PappaJ: YES INDEED THUNDER I AM SMILING EAR TO EAR!!!!!!
FAMILY JUST LIKE IRAQ ABOUT MOSUL THEY ARE ARE NOW TELLING YOU ABOUT IT----- YOU SHOULD BE SMILING TOO, VERY LARGELY!!!!!!! ASK YOUR SELF WHY NOW??????
Overlapping Int'l Free Trade Pacts May Liberalize Trade Across Asia
Overlapping international free trade deals may eventually liberalize trade across the entire Asian region.
Overlapping "mega deals" on free trade may eventually liberalize trade across the entire Asian region, the head of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) office for North and Central Asia said.
There are multiple trade pacts in the works in Asia, with nations taking part in several talks at once, including the notorious US-dominated transpacific TPP deal, its rival RCEP that includes China, Asia-Pacific's FTAAP, and Russia's Eurasian Economic Union.
"If all these mega agreements do the same, then we'll see that all these trade liberalization processes that are taking place in one agreement can instigate trade liberalization in other trade agreements," Tiziana Bonapace said.
Speaking on the margins of the St. Petersburg International Economic Forum (SPIEF) in Russia, Bonapace said that almost all members of these trade associations are members of the World Trade Organization, which requires them to lower tariff barriers for external partners.
"As long as there is some convergence… in the rules that are being negotiated under each mega trade initiative, then I think the trade initiatives can be mutually supportive. And one of the key contributors of ensuring that all these trade initiatives evolve in a way that is trade-creating is that there are WTO rules," the UN official said.
Concerns have recently been raised that US-spearheaded free trade deals with the Asia-Pacific would bypass WTO rules and give the upper hand to multinationals over national trade regulations.
Kenny Loggins- This Is It (1979) https://youtu.be/U8SSdyflGN4
Mountainman: Well this Confirms the IMF is PRO-BREXIT.......
BTW......The MARKETS because of this And Other CASCADING FALLS will Yield Negative Growth in 2017......IMO......Are the PROS the CONS or are the CONS the PROS........Seek Wise Counsel.....IMO
Blessings,Mountainman (8)=New Beginnings......for NEGATIVE MARKET GROWTH......BREXIT STYLE.......IMO
PappaJ: FAMILY THERE IS ALOT THEY ARE NOT TELLING YOU ,YOU CAN BET ON THAT!!!!!!!
LETS JUST SUPPOSE THE GAME IS BIGGER, A LOT BIGGER!!!!
ENGLAND HAS GOT TO FIND HER NEW REALITY--- FACT!!!!!!!!!!!!!!! IMO THEY ARE A LOSER IN THIS PLAY, MONEY VALUE GOES DOWN. WATCH WHAT THEY DO AFTER THIS IS NEW REALITY HITS -----
ENGLAND WILL STILL BE THE DADDY OF THE EU. LOOKS AS IF THE EU IS DESTINED TO COME APART ALL NATIONS HAVE TO HAVE THEIR OWN INTRINSIC VALUE OF THEIR OWN CURRENCY AND NATIONAL WEALTH----- ENGLAND IS THE STABILIZING FACTOR .
GERMANY I SUSPECT WILL GO AFTER ENGLAND ,I BELIEVE THAT THEY WILL BE THE STABILIZER FOR THE EEU. GERMANY IS ALREADY PLAYING THAT ROLE WITH GREECE , YES L. HAS HER HANDS IN ALL OF THIS!!!!
SO YES THERE IS GOING TO BE PAIN FELT BUT I WOULD ASK YOU TO THINK OF IT LIKE GETTING SURGERY FOR A BAD GALL BLADDER , IT HAS GOT TO HAPPEN FOR THE PATIENT TO GET WELL BUT THERE IS ALWAYS RECOVERY TIME WITH HEALTH RESULTING. PJ
Thunderhawk: IMF: Brexit would trigger UK recession
Leaving the EU would hit British living standards, stoke inflation and wipe up to 5.5 percent off GDP, the International Monetary Fund has warned with less than a week to go until the referendum.
The IMF used its annual report on the British economy to say Brexit would plunge the UK into recession next year and that it could see no economic advantage in leaving the EU, the Guardian reported.
Previous IMF interventions have drawn an angry response from leave campaigners who have already said the fund should not interfere in the UK’s democratic process. The leave camp has also attacked its record on economic forecasting.
Responding to the latest IMF remarks, Matthew Elliott, chief executive of Vote Leave said: “The IMF has chosen to ignore the positive benefits of leaving the EU and instead focused only on the supposed negatives. If we vote leave, we can create 300,000 jobs by doing trade deals with fast growing economies across the globe. We can stop sending the £350 million we pay Brussels every week. That is why it is safer to vote leave.”
The IMF said last month that Brexit could spark a stock market crash and a steep fall in house prices. In Saturday’s report to conclude its annual assessment of Britain’s economy, it added that a leave vote would tie the UK up in trade negotiations that could drag on for years.
The resulting uncertainty would hit spending and financial markets, it said, estimating that even under a relatively benign scenario in which the UK negotiated a trade status similar to that between Norway and the EU, output would fall by 1.5 percent by 2019, compared with where it would be under continued EU membership.
It modeled a less favorable outlook, in which GDP would fall more steeply. “In the adverse scenario of long negotiations and a default to the trade rules of the World Trade Organization, GDP plunges by 5.5 percent by 2019,” it said.
Under that scenario, the UK would fall into recession in 2017, IMF officials said. “The implication would be negative growth in 2017,” said one official briefing reporters in a conference call.
In a baseline scenario in which the UK remains in the EU, growth would be expected to recover in late 2016, as the effects of the referendum waned. But the IMF’s experts also forecast various threats to the UK economy beyond the closely fought vote.
They included Britain’s relatively weak trade position, with a record current account deficit last year. There was also uncertainty about the degree to which the UK’s poor productivity growth would recover and risks associated with the UK’s ‘buoyant’ property market.
The IMF, which has warned of a slowdown in the global economy, urged British policymakers to be on alert for economic shocks and even raised the prospect of a UK interest rate cut.
The report said: “In the event of protracted demand weakness and inflation undershooting, monetary and fiscal policies should be eased, taking into account the benefits and potential costs of such a move.
“Conversely, monetary tightening may need to be initiated earlier than currently envisaged if core inflation or wage growth in excess of productivity growth begins to rise sharply.”
In the near term, the main risk to Britain’s economy was next week’s referendum, the fund’s directors said. “While recognizing that this choice is for UK voters to make and that their decisions will reflect both economic and non-economic factors, directors agreed that the net economic effects of leaving the EU would likely be negative and substantial,” they said in a press release accompanying the report.