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Sour Mash

Uk Trade Deficit Hits Record High

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Didn't see any comments on this, strange.

Trade Deficit at record level

So much for the theory that turning the currency into toilet paper and abandoning the population to inflation was going to lift the economy out of the doldrums ...But don't worry, it's 'only' because of oil imports and high oil prices.

However, once volatile items such as oil and aircraft are stripped out, the deficit narrowed from October's record figure thanks to a sharp rise in car exports.

Whoops, we used to be a net exporter not so long ago. And if we were to see some sort of improvement in economic activity then we'll need to import even more oil, probably at even higher prices.

Also, love how economists like to say "But if you strip out all the bad stuff it doesn't look so bad". Must be the same guy who tries to handwave away the inflation figures by saying "if you strip out the inflationary things we didn't have any inflation".

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Didn't see any comments on this, strange.

Trade Deficit at record level

So much for the theory that turning the currency into toilet paper and abandoning the population to inflation was going to lift the economy out of the doldrums ...But don't worry, it's 'only' because of oil imports and high oil prices.

Whoops, we used to be a net exporter not so long ago. And if we were to see some sort of improvement in economic activity then we'll need to import even more oil, probably at even higher prices.

Also, love how economists like to say "But if you strip out all the bad stuff it doesn't look so bad". Must be the same guy who tries to handwave away the inflation figures by saying "if you strip out the inflationary things we didn't have any inflation".

You mean for example a 1997 dictat as follows: Gordon - 'Don't include housing prices in the inflation figures anymore. That way inflation will look very low for years and we can keep interest rates far too low, thereby having a pre-election boom about 3 times over 13 years.' 'what a good idea' said Tony.

Edited by plummet expert

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However, once volatile items such as oil and aircraft are stripped out, the deficit narrowed from October's record figure thanks to a sharp rise in car exports.

1.If aircraft is volatile why isn't car manufacturing?

2.If the oil price is high won't that slow car exports soon anyway?

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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