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About Neapolitan

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  1. 50k joint income where? The NE? Why on Earth would I move to the NE and not somewhere in the Netherlands, Germany, Switzerland or Scandinavia where the quality of life is much, much better?
  2. We are getting poorer. That is it. There are still nice places around were a family can get a decent life. Denmark, Netherlands, CH, if you are brave and with a good job Scandinavia and some eastern country. Plus Aus and NZ of course. Time to think outside the box, I told my miss yesterday that we would be much better off leaving if we do not make it financially (both 30yo and household income 85ish and no hope of buying in London, and jobs only here, so no way moving somewhere else.). Middle and working classes have been sold out in the UK.
  3. Sorry, could you please develop your sentence? I am assuming that, since those products are not mentioned there, under WTO rules, fruits and vegetables already trade with 0 tariffs?
  4. I couldn't find any fruits or vegetables. Does it mean that for this particular products will be business as usual?
  5. Maybe alrady posted here, but here you ca find all the tariffs that will apply from Nov 1st. It cleary says that this applies to all third countries after Brexit. https://www.gov.uk/government/publications/temporary-rates-of-customs-duty-on-imports-after-eu-exit/mfn-and-tariff-quota-rates-of-customs-duty-on-imports-if-the-uk-leaves-the-eu-with-no-deal
  6. Negative IR only makes sense if you have debt to roll over. From an investment prospective, it would only make sense to adjust the risk profile of your portfolio. Which is a technical exercise. Alpha on negative IR bonds is by definition negative. I don’t really see any other purpose but the roll over of debts in this scenario, sorry. Country A and Country B trade and are successuful economies. Country B starts a civil war. Businesses and investor in country A get scared and Country A CB lower IR to make investment process easier al less costly. However the market is simply not there anymore. People in country B are either dying on the field or too busy to survive to buy stuffs from A. The money in the system in A will not finance new productivity as the customers clients no longer exists. Businesses will either take more debt on board for useless investments or asset prices will sky rocket in A. Hence, rather than printing money A should invade B and stop the war. Who is A and who is B today?
  7. Another 75 billions today. Oversubscribed again. 75 vs 89.
  8. Another 75bil to be pumped today. 150bil in two days. 10 bil less than the sum the ECB is going to put on the table over the next 12 months. These news are really worrying and I think we are in the phase “Oh sh.. we found a hole but we still don’t know how deep it is”. I will look back at Ray Dalio’s book to see what happened in 2007. Houston, we have a problem? (Again)
  9. Sorry for the bad grammar. Typing from my phone and it keeps “correcting” me for god only knows what reason.
  10. The working class/low class call it whatever you like has always been the arm of the upper/noble class. European history has always been about the rise of middle class/borgesois against those who wanted to private them ogni their freedom. The most successful “revolutions” or change of governments were always driven by the merchants (back in Middle Ages Italy, were Venice, Florence etc. were state cities actually run by the local middle/class or Modern Era Germany and post-revolutionary France.). Every time they demanded a written document or Constitution (1848) to set the legal boundaries everyone who might have found himself in power had to follow. This is again a norm directly taken from the complex private legal and commercial laws these people developed over centuries to protect their businesses, just applied at a public level. So, a Middle Class might exist in England under economic terms but their contribution to public life has always been and continue to be of little importance.
  11. This are the times when you regret Britain not having a proper middle-class. Middle-class as the ones you have in Europe and the US. It’s called Bourgoeis I think. Middle-class have built modern democracies in Europe and America. I think the English noble class were quite smart understanding that they had to give something back. However, nothing like that happened in Europe. In 1848, Nobles had to surrender and give everything back! Middle class wouldn’t accept a compromise. Maybe the English middle class never thought they had the right cards to play this hand? Maybe too weak?
  12. And this is a big problem. PMs have too much power. The House seems to have no tools to prevent someone not acting according to common sense.
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