The Neo-Libs shift their position

[Mega]

http://www.dailymail.co.uk/news/arti...tern-life.html

Note the last passage:-

As I wrote at the time, his call for a complete short-term ban on any Muslims entering America was clearly unworkable and absurd.
But his latest revised call for strong new regulations and restrictions on anyone trying to enter the U.S. from a country ravaged by terror is surely just common sense?
‘We need to know who’s coming in!’ he bellows.
He’s absolutely right, isn’t he?
Rather than idiotically condemn Trump as the ‘new Hitler’, I strongly suggest other countries follow his lead and also look to massively tighten up their immigration policies before it’s too late.

[lektrode]

Re: The Neo-Libs shift their position

http://www.dailymail.co.uk/news/arti...tern-life.html

Note the last passage:-

As I wrote at the time, his call for a complete short-term ban on any Muslims entering America was clearly unworkable and absurd.
But his latest revised call for strong new regulations and restrictions on anyone trying to enter the U.S. from a country ravaged by terror is surely just common sense?
‘We need to know who’s coming in!’ he bellows.
He’s absolutely right, isn’t he?
Rather than idiotically condemn Trump as the ‘new Hitler’, I strongly suggest other countries follow his lead and also look to massively tighten up their immigration policies before it’s too late.

+1, mr mike!

[Mega]

Re: The Neo-Libs shift their position

Mean Pound remains overvalued despite last month's sharp fall, IMF warns

However, the IMF said the UK's departure from the EU could further reduce the value of the pound - adjusted for domestic costs - if an exit resulted in higher trade barriers Credit: Alamy

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• Szu Ping Chan

27 July 2016 • 3:49pm

Sterling remains overvalued even after its big drop in the wake of the EU referendum, the International Monetary Fund has suggested.
The IMF said the pound's level in 2015 was between 5pc and 20pc "above the level consistent with fundamentals and desirable policy settings". The 7pc drop in the real value of sterling against a basket of other currencies in the first four months of this year, plus its sharp fall in the wake of the Brexit vote on June 23, went "in the direction of reducing exchange rate overvaluation".
However, the IMF said the UK's departure from the EU could further reduce the value of the pound - adjusted for domestic costs - if an exit resulted in higher trade barriers.
"The overall effect on the degree of exchange rate overvaluation is uncertain and will much depend on the nature of any new arrangements that are put in place," the IMF said in its annual analysis.


The IMF stressed that the magnitude of this effect is "uncertain" while new trade relationships were being negotiated.
"Such effects will be assessed in the context of future reports," it said.



Who does the UK trade with? In 90 seconds Play! 01:36





The IMF reiterated its call for policymakers to do more to rebalance growth "toward greater reliance on external demand".
While it supported a goal of reducing the deficit, which new Prime Minister Theresa May has reiterated, it said policies would "need to respond flexibly to changing circumstances".
"Further structural reforms focused on broadening the skill base and investing in public infrastructure will boost productivity, improving the competitiveness of the economy," the IMF said.

Angela Merkel is Germany's Chancellor Credit: Michael Sohn

The Fund also stepped up its criticism of Germany's massive current account surplus, which it said was contributing to global imbalances.
Germany's surplus, which stood at 8pc of gross domestic product (GDP) last year was "substantially stronger” than fundamentals, it said.


"The observed persistence of imbalances suggests not only that these positions are slow moving, but also that not enough has been done to address them in recent years."
The IMF urged Germany to spend more on boosting public investment. "This would raise Germany’s potential output and generate positive demand spillovers to the rest of the euro area while reducing the German current account surplus," it said.

time, back in blighty:-