How A ‘No Deal’ Brexit Could Lead To The “Lehmanization” Of Europe

[Some of us think the disaster is way overdone. -Bob]
By Mark O’Byrne – Re-Blogged From Gold Eagle

(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27, albeit by a smaller, yet still considerable, margin than in the past.

This is why, for the first time in a while, speculation about ‘no deal”s impact, not only on the UK, but on the European, and broader global, economy is at the forefront of the market’s mind, as investors have finally been forced to confront the reality that the UK crashing out of the EU next week isn’t only possible, but extremely probable.

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London Property Slide Worsens With Biggest Drop Since 2009

By Mark O’Byrne – Re-Blogged From Gold Eagle

3.8% fall y/y in Q1, the seventh straight decline in values – Nationwide
– Nationally, U.K. real-estate market remains ‘subdued’
– Some of the weakness relates to Brexit as economic uncertainty impacts sentiment

London continued to lead the U.K.’s weakening property market at the start of 2019, with prices falling the most since the financial crisis a decade ago.

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Continuing Brexit Travails

  • Mr Barclay voted against a Government plan for a delay to Brexit last night
  • He said he would support a short extension to Article 50  but not a long one 
  • Mrs May expected to make third attempt to get a Brexit deal thought next week 
  • Mr Barclay said: ‘If we don’t have a deal then we should leave with no deal ‘

Is May about to lose her THIRD Brexit secretary? Stephen Barclay hints he could quit if PM backs a long extension to Article 50 saying ‘we shouldn’t be afraid to leave with no deal’

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UK’s May Faces No-Confidence Vote After Brexit Plan Crushed

By Associated Press – Re-Blogged From Newsmax

British lawmakers on Tuesday overwhelmingly rejected Prime Minister Theresa May’s divorce deal with the European Union, plunging the Brexit process into chaos and leading to a no-confidence vote in her government.

Moments after the vote, May said it was only right to test whether the government still had lawmakers’ support to carry on. Lawmakers will vote Wednesday in a no-confidence motion from opposition leader Jeremy Corbyn that could trigger a national election.

The House of Commons’ 432-202 vote against May’s plan was widely expected, but it was still devastating for her fragile leadership. It came after more than two years of political upheaval — and was the biggest defeat for a government in the House of Commons in more than a century.

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Three Things That Will Definitely Happen In 2019

By John Rubino – Re-Blogged From Dollar Collapse

Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:

Government debt will rise at an accelerating rate

Like a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits for as far as the eye can see. And that’s – get this – assuming no recession in the coming decade. During the next downturn that trillion will become two or more, but in 2019 another trillion-plus is guaranteed.

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Time Is Money…Money Is Time

By Alasdair Macleod – Re-Blogged From Silver Phoenix

Life’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. 

(Macbeth)

Our limited time, our brief candle as Shakespeare’s Macbeth had it earlier in the soliloquy quoted from above, may count for very little in the grand scheme of things, but is of the utmost importance to each of us personally. Unlike the other dimensions, height, breadth and depth, the fourth is almost infinite, but individuals enjoy only a small part of it, our three-score years and ten. Time moves on. What really matters is not wasting it.

We may appear to others to be wasting time. But it is not wasting it when we take a break, recharge our batteries, or stop to think. Pleasure-seeking, pursuing happiness, removing uneasiness is making good use of time. We are all different and enjoy different things, so wasting time is not time wasted so long as it our personal choice. No one can allocate time as effectively as the individual. It is intensely personal.

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G20 and the Financial War

By Alasdair Macleod – Re-Blogged From Goldmoney

This weekend, the G20 nations meet at Buenos Aires. The most important issue will be America’s use of trade policy, ostensibly to bring an end to China’s unfair trade practices. Rather, it could mark a significant milestone in the cold war against China and drive the global economy into a slump.

Introduction

President Trump initiated the trade war with China. There is a widespread assumption he is pursuing his “art of the deal”, coming into negotiations aggressively to get a satisfactory compromise. Therefore, the script goes, China will be forced to climb down on its restrictive practices, technology and patent theft, and modify its Made in China 2025 (MiC2025) initiative to open it to American corporations. Trade negotiators from both sides have been working in the background to achieve some sort of progress before Presidents Trump and Xi meet at the G20 this weekend, which buoys up hopes of a positive outcome.

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