Jools
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Posts posted by Jools
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6 minutes ago, How I Wrote Elastic Man said:@Jools any chance you can learn to post properly?
It took me ages to scroll past all that
The eurozone’s Covid recession has arrived ~ 30 April 2021, 1:43pm
The US is booming. The UK is set to grow at the fastest pace in half a century. China is expanding again at a blistering pace. Stock markets are rising. And commodity prices are racing ahead.
Across most of the world, economists are starting to worry about a runaway boom, stimulated by too much easy money. This, they fear, could easily run out of control. There is one exception, however: the eurozone. As of today, the zone is officially in a double-dip recession. The vaccine downturn has arrived. And while the consequences remain unpredictable, one thing is clear: they won’t be good.
Looking at the figures from Europe out today you certainly wouldn’t guess there was a global recovery from the Covid-19 crisis underway. The eurozone reported a 0.6 per cent drop in quarter-on-quarter GDP. This follows on from a contraction of 0.7 per cent in the final three months of 2020, putting the zone into a technical recession, which is defined as two consecutive quarters of negative growth.The reality is that the eurozone was already the weakest link in the global economy
Germany was the worst hit of the major countries, with a 1.7 per cent fall in output. Spain was down by 0.5 per cent, and Italy by 0.4 per cent (Portugal fell by an alarming 3.3 per cent). France managed to eek out a little growth, but overall output fell for the quarter. The contrast with other regions is painful. The eurozone is now the only major bloc in the world with a double dip downturn.Of course, it is not hard to work out what went wrong here. Output has been hit by the vaccination catastrophe. While other economies were starting to come out of the Covid-19 crisis, Europe messed up its inoculation programme so badly it had to lock down all over again, especially as new variants of Covid-19 took root.
True, it is starting to catch up. Germany vaccinated a million people in a single day this week, and France has finally managed to get above 500,000 shots in arms a day. Supplies are improving, and it will match the rest of the developed world soon. And yet the EU’s programme – which was bungled after the Commission hijacked control of health policy – meant a big delay.We have already seen the health consequences of this. Deaths are running at 200 to 300 a day in France, Italy and Germany while they have dropped to 20-30 a day in the UK. Now the economic consequences of that are becoming clear as well.
The reality is that the eurozone was already the weakest link in the global economy. Its main members had the slowest growth rates. Its industries were struggling to remain competitive. And its debt ratios were rising off the scale.
France has overtaken Italy as the world's third largest debtor, while Italy itself is facing trouble over its woeful debt to GDP ratio. Through the Commission’s bungling, its economy has just got smaller, its debts higher, and it has fallen even further behind the rest of the world.
What are the consequences of this? It's hard to say. But this crisis may well mark a decisive point in the eurozone’s long-term decline.
BY Matthew Lynn -
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8 hours ago, horsefly said:Perhaps you can clear up one thing. In the past you told us you didn't vote for Boris as you didn't like him (wasn't hardline brexit enough for you), now you say you did vote for him. Which claim is the lie?
I voted for the conservatives rather than the Brexit Party so as not to split the Brexit vote --- 80 seat majority 👍
Herminge, like you, tactically voted for Steptoe and the Labour Party rather than his preferred Jo (🎶Thanks for the mammaries🎶) Swansong in order to not split the Remainiac vote... 😀
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1 minute ago, Rock The Boat said:fkn ell. rhese were the people who rigged the election in Peterborough
Aye, and the Electoral Commission did/do nothing about it or the fraudulent postal votes....
But the Electoral Commission are going to investigate Boris's expenditure on soft furnishings 🙃
🤡 world...
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5 hours ago, Well b back said:Latest approval ratings
81 million votes? 🤪 😀
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"Have you anything a tad more grey to better match my personality?"
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3 minutes ago, Herman said:Milk it.😀
Oh dear, Herminge, you obviously don't realise the majority of people see this as Sir Kneel-alot making a complete **** of himself...
His message seems to be hitting hard with the voters:
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55 minutes ago, horsefly said:It must have been a difficult question for Biden, "Do I give out 200m doses of vaccine, or 200m bottles of drinking bleach?" Thank goodness he managed to make the right choice.
Sleepy trying to take credit for Trumpski's 'Operation Warp Speed' will never wash, coco.
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“We have to do more than build back better. We have to build back better.”
81 million votes 🙃
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WOW! DOJ Hacks Left Hunter Biden’s Computer Hard Drives in Rudy’s Apartment During Raid — TOOK EVERYTHING ELSE!
We knew it was bad — We had NO IDEA it was this bad!
Power-driven Democrats turned America into a banana republic!Former New York City Mayor Rudy Giuliani is one of the most honorable politicians in America today.
On Tuesday the Biden administration’s Justice Department obtained a search warrant for Rudy Giuliani and used it to search his New York City apartment and office, seizing records and electronic devices.
This is payback time for Joe Biden.
It is well known that Rudy Giuliani exposed the Biden crime family and their illegal and unethical dealings with numerous foreign governments and regimes including Ukraine.
And it is well known that the Biden Crime Family pushed the Ukrainian government to fire the prosecutor investigating Joe Biden’s crooked and drug-addled son Hunter Biden.
Audio Released of JOE BIDEN Pressuring Ukrainian President Poroshenko to FIRE VIKTOR SHOKIN Who Was Investigating His Son! An audio tape was released by Creative Destruction Media where Joe Biden is pressuring former Ukrainian President Poroshenko to fire former Prosecutor General Viktor Shokin. The men discuss the firing of then Prosecutor Shokin for corrupt reasons,
Earlier today the Biden DOJ bit back.
Department of Justice operatives raided Rudy Giuliani’s home and office in New York City.
Later this afternoon Rudy Giuliani released a statement about the political raid on his home and business.
Rudy said the corrupt Biden DOJ took everything but the computer hard drives from Hunter Biden’s laptop computer.
The Biden DOJ took everything but the evidence of criminal actions that were stored on Hunter Biden’s laptop!
This is a travesty.
Of course, the fake news mainstream media will NEVER report this. They’re in on it!Former Mayor Rudy Giuliani on Wednesday accused federal agents of ignoring copies of Hunter Biden’s computer hard drives when they raided his apartment — and blamed the investigation of him on “Trump Derangement Syndrome.”
In a statement released by his lawyer, Giuliani said the FBI “steadfastly declined” to take the hard drives when he “offered them on several occasions.”
“Keep in mind that the agents could not read the physical hard drives without plugging them in, but they took Mr. Giuliani’s word that the hard drives were copies of Hunter Biden’s hard drive and did not contain anything pertaining to Mr. Giuliani,” the statement said.
“Their reliance on Mr. Giuliani’s credibility tells you everything you need to know about this case.”
😉
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You are over 50% more likely to be unemployed in the EU than in the UK
In the Eurozone it’s worse: your chances of being unemployed are almost 70% higher
Latest figures show how the UK is weathering Covid, but the EU still lags behind
During the EU Referendum campaign in 2016, FactsEU.Org repeatedly pointed out the poor performance of the EU when it comes to unemployment. We did this in the face of the then Chancellor George Osborne and the then Prime Minister David Cameron seeking to scare the voting public with wild claims of immediate job losses in the UK of up to 820,000 in the event of a vote to Leave the European Union.
Naturally, the pro-EU BBC eagerly seized on these irresponsible and erroneous claims
It must be noted that these claims were immediate job losses – they were supposed to be the result of the vote, not even the effect of the UK leaving the EU some time later. The above picture is of the BBC's then Economics Editor, pronouncing on the "dire news".
In reality, as we pointed out in the subsequent years, the number of people in jobs following the Brexit vote rose significantly. This was yet another nail in the coffin for Project Fear. No-one apologised for misleading the public in such a grotesque fashion – not the mandarins in HM Treasury (who concocted the wild figures), nor the Chancellor, nor the Prime Minister.
Here is what actually happened:
So where are we now and where is the EU, after Covid?
Today we bring readers the latest data from the EU Commission and from the UK’s Office for National Statistics, showing how the EU continues to lag far behind Brexit Britain.
Unemployment: The UK versus the EU
- United Kingdom: 4.9%
- EU27: 7.5%
- Eurozone: 8.3%
© Brexit Facts4EU.Org - click to enlarge
The UK versus selected EU countries
- Spain: 16.1%
- Greece: 15.8% (latest figures from Dec 2020)
- Italy: 10.2%
- France: 8.0%
© Brexit Facts4EU.Org - click to enlarge
Statistical note: The above are the normal, seasonally-adjusted figures based on the active population.
OBSERVATIONS
Once again, Brexit Britain outranks and outperforms the EU
Back in early 2016 we were all being told that poor little Britain couldn’t survive as an independent country in the big, nasty world out there. Unless we were part of the great EU empire we would wither and perish.
The truth is the opposite and the facts have proved that. Not only that, but Brexit Britain is set to outperform the EU bloc this year on almost every important measure. The unemployment figures above are a case in point.
Facts matter. The truth matters.
We happen to think that facts matter - unlike the current leader of one of the UK’s political parties who once told our Editor the exact opposite. (We kid you not.)
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Amidst all your premature excitementation over an issue so very minor, you Lefties fail where you've always failed, and that is in your understanding of those who voted for Boris and the conservatives -- You don't understand why we did, and you still don't understand why we will again.
You continue to fight the same losing battle, congratulating yourselves on moral victories which resonate only in the echoing public convenience which is Lefty Twitter, whilst seemingly not realising that it is our minds you need to change, not our contempt you need to deepen - and as long as no one offers a palatable alternative the Conservative Party will rule in comfort and unfortunately without accountability.
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19 minutes ago, Surfer said:IMO one of the reasons is the media don't report it,
Are you being serious?
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27 minutes ago, Herman said:Well some of us have attacked him for his dodger stuff but still people like you don't give a ****. The collapse of morals and standards amongst the electorate is staggering and there is zero reason for it.
Questions about who paid for the wallpaper are a point scoring distraction at best and a dereliction of duty at worst, Hermione, and you know it..
I want Sir Wan Kier to ask Boris about the threats to our liberty and our ancient way of life by his Green agenda -- What does the new normal look like? What does the great reset consist of? Why are you imposing a vaccine App/passport when you categorically promised you wouldn't? How much will the net zero carbon nonsense cost and what liberties will you be taking away to achieve it? By how many degrees will it cool the planet or slow the supposed rise in temperature? What's being done about the woke madness that has infiltrated every aspect of our lives? Who is going to pay for the lockdowns that has wrecked the economy?
The point scoring over refurbishment costs while the country is in dire straights is politicians running away from the issues that matter...
What do you reckon?
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1 hour ago, ricardo said:Indeed they were and spent near enough the full allowance of tax payers money each year which is perfectly legal.
Thankfully whatever Boris spent doesn't appear to be taxpayers money.
If Putin footed the bill or Boris signed The Falklands over to Argentina for a few rolls of wallpaper he could be in trouble but other than that it all seems a bit thin.
Maybe Dyson lent Boris the money 😀
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EUROPEAN PARLIAMENT FINALLY APPROVE UK-EU POST-BREXIT TRADE DEAL
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1 minute ago, Herman said:Do you not understand how elections work Jools?
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22 minutes ago, Herman said:No Jools, I didn't vote for the LibDems in the last election because I voted tactically.
And that's how the Conservatives got an 80 seat majority 🤣
Don't give up the day job.. 🤣😂🤣
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1 hour ago, (Hoola)Han Solo said:Brexiteers like Swindo are just weak minded fools that have been brainwashed and conditioned to hate the EU, without actually knowing why. Swindo has shown for nearly five years that he cannot explain why he doesn’t like them, aside from copying and pasting anti-EU articles from right wing sources. Just an empty vessel ultimately and a Tory sheep. There’s no point trying to debate or engage with him.
Christ! How many more Billock/Squit/horsefanny/well b back alter egos does this message board need?
Some Richard Cranium has gat far too much time on their hands that's for sure.
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New Tory Leader
in Non-Football
Posted
Too many people and not enough houses, Hermione.
For over a decade you've approved mass immigration to this country and here you are complaining about your wages stagnating and high house prices 🤡
Betwixt those fateful 13 years of Blair, Brown & Labour is when the floodgates were opened wide and what you should be blaming the conservatives for is their failure thus far in closing those floodgates.
If you want house prices/rental to come down, you will support the UK points based immigration system that leaving the EU allows us to implement 👍
Of course you could buy a 2-bedroom property for as little as £3000 in your beloved EU - Bulgaria - Wages are ****e there though, in the EUs level playing field 🙃