You make a VERY good and valid point here Steeleye that no one is taking into account.

The next global recession will blow in probably around 2020 and, as you say, there is nothing an incumbent government can do about it.

Because of the 2017 elections across Europe, most opposition parties are Eurosceptic. As we all know, it s far easier to be in opposition than in power, whoever you are, and so when the next round of elections take place in France, Holland, Germany, Italy, Austria etc etc they will most likely be on the back of a quite nasty global recession that will have seen Trump off as well. The unity of Europe will come under greater pressure than it did in 2011 and may not survive.

By that time, the UK will either be in or out. If we're still in, we'd have cemented ourselves into a period of unprecedented turmoil, similar I should guess, to the Soviet Union break up. If we're out, at least the effects of the disruption caused by leaving will be known.

I suspect if we could fast forward 15-20 years we'll be part of a European group consisting of the UK, Germany, France, Benelux countries and Spain and Italy. Bit like the original Common Market really.

You make a VERY good and valid point here Steeleye that no one is taking into account.

The next global recession will blow in probably around 2020 and, as you say, there is nothing an incumbent government can do about it.

Because of the 2017 elections across Europe, most opposition parties are Eurosceptic. As we all know, it s far easier to be in opposition than in power, whoever you are, and so when the next round of elections take place in France, Holland, Germany, Italy, Austria etc etc they will most likely be on the back of a quite nasty global recession that will have seen Trump off as well. The unity of Europe will come under greater pressure than it did in 2011 and may not survive.

By that time, the UK will either be in or out. If we're still in, we'd have cemented ourselves into a period of unprecedented turmoil, similar I should guess, to the Soviet Union break up. If we're out, at least the effects of the disruption caused by leaving will be known.

I suspect if we could fast forward 15-20 years we'll be part of a European group consisting of the UK, Germany, France, Benelux countries and Spain and Italy. Bit like the original Common Market really.

Far too many economic indicators/precedents suggest that it'll 'land' sooner than that.
Historically low interest rates coupled with years upon years of debt-laden QE (printed from thin-air) have failed dismally to stimulate any kind of growth in real terms.

Watch the bond market.

The number of people who believe in Corbyn amazes me. I know there's a lot of young people in there who have never experienced living in a socialistic society and only have warm worded rhetoric and concepts....but still.

The number of people who don't understand basic economics is amazing. I recommend they read Sowell's book on it.

Personally, a part of me is hoping that Corbyn and the far left actually win and gain office. Because it's at that point that all these morons have to answer for the mess.

I know they will finger point and deflect when that happens but the rational amongst them will have to take their medicine. A Corbyn will give rise to another Thatcher figure and the cycle will repeat itself similar to the seventies.

Hang on....who am I kidding, these aren't self reflective individuals. No, instead the only satisfaction will be in seeing their worldviews being shown for the emotive driven BS that they are.

Edited by Stirlingsays (29 Apr 2018 12.36pm)

If Labour are elected under Corbyn all we will see is inflation fueled by pay rises to the big unions just like the 70's under Callaghan.
You can blame Bretton Woods for the instability of the pound back then but you can't blame it for the relationship between Labour and the Unions which will return us to the bad old days with Len McClusky and the like effectively calling the shots.