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TheCountOfNowhere

British Exports Tumble...

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FTSE up over 2% regardless.

Has stock markets anything to do with fundamentals anymore its when CBs / Gov props them up to keep the ball in the air as long as possible

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Och!! That's not a small number.

Press seem to blame it all on naughty old China.

Look on the bright side, imports were up!!

Edited by reddog

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8 September 2015

http://

uk.reuters.com/article/2015/09/08/uk-germany-economy-trade-idUKKCN0R80FI20150908

German exports and imports hit record highs in value terms in July, suggesting foreign appetite for goods from Europe's largest economy remains robust despite a slowdown in China, while domestic demand is also holding up well.

No problem - Dave and George promised before the general election that the UK will be the richest country in the world in a few years time.

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No problem - Dave and George promised before the general election that the UK will be the richest country in the world in a few years time.

I think we are 2nd at the moment, behind Zimbabwe.

Zimbabwe_$100_trillion_2009_Obverse.jpg

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Is this the export led recovery?

..that can only start to begin once the Government understands sterling needs to be weaker(plenty of scope for that).....they need to understand the rules of the trade ... :rolleyes:

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..that can only start to begin once the Government understands sterling needs to be weaker(plenty of scope for that).....they need to understand the rules of the trade ... :rolleyes:

That and when we make stuff

Allowing someone from Malyasia to buy a house in Northampton is not exporting.

Edited by TheCountOfNowhere

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Funny report - very clear early on that it is because of the strength of the pound and weak global demand - then later in the article mentions that Germany has had record exports for the same period. sounds like it is weak global demand for products manufactured in the UK, which is more like a UK problem...

[and the pound is strong - but it could be weakened in an instant. lots of ways to make investors think that their money isn't so safe... Tax, threat of freezing, etc - but they won't because that isn't their plan]

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no worries, it could be worse. we could be industrious and run a current account surplus, like those pesky Germans. Why get off the sofa when you can just lie there and print money and run those virtuous deficits as far as the eye can see.

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"The ONS said output was damaged by a big fall in the manufacture of weapons on the previous month"

That traditionally means we need another war.

But it seems that a law of diminishing returns may apply. I doubt that invading Syria would lead to the level of orders that for example Iraq or Kosovo did. Too much deja vu among prospective buyers.

Edited by porca misèria

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That and when we make stuff

Allowing someone from Malyasia to buy a house in Northampton is not exporting.

..we make plenty of cars ..but the Jaguars, Land Rovers, Toyotas, Hondas, Fords, GMs and Nissans will be struggling against the BMW, Audi and Volkswagon competitors in the global market..likewise for precision machine tools and heavy engineering exports etc ..etc will be suffering because of the strength of sterling...allowing overseas people and in particular those who are money launderers to buy houses... is scuttling the economy.... :rolleyes:

Edited by South Lorne

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