Interesting data, to say the least, but aside from Reuters and the BBC I don't really trust any media sources to give an accurate depiction of the data (or it's implications).

I'll be withholding my judgement until we get some solid ONS data in the coming months.

EDIT: Should point out--my reading of the evidence definitely suggests some kind of nominal slowdown, although labour market reports prior to the referendum were strong, this could be accounted for by the fact that the market failed to price in the possibility of a Leave vote. There is not much room to manoeuvre in terms of monetary policy besides guidance and the delicate whispers of a broken man into the uninterested ears of a hooker, so we should be keeping an eye out for changes in fiscal and structural policy with the new May Cabinet.

Policy changes to look out for:
- Slowing down of fiscal consolidation.
- Increased investment in infrastructure.
- Greater devolution to Northern cities.
- Tax changes.
- Changes in planning laws, or alternatively renewed social housing construction.
- Changes in corporate management (currently not promising from May).
- Trade deals.
- Welfare.

Some of these are more likely than others. It's pretty hard to overstate the importance of changes in fiscal policy and trade deals, as well as the uncertainty surrounding the latter. Tax changes and planning law reform could prove to be instrumental, but I doubt the government will exploit these opportunities. Welfare will probably see marginal changes. I expect no real progress in education or healthcare, so did not list them.

icyts a little bitch

weres desty

Quote from: Prime, Field Researcher on July 21, 2016, 12:36:58 PM

Quote from: Tyger on July 21, 2016, 11:03:55 AM

100% right brain

I had a lobotomy

Lobotomy removes part of the prefrontal lobe

THE JOKE FAILS

it was a botched lobotomy

brought it back

Nah, seriously, Labour is getting battered:



The Tories have gone from 20pc working-class support to 35pc. IIRC, this gives them the most working-class voters of any party since 2010.

its 29 degrees and im dying

The Telegraph.

The pound has extended its gains against the dollar and is now up 0.6pc on the day at $1.3194 following a strong jobs report and the Bank of England agents report.

Jasper Lawler, of CMC Markets, said: "​The positive labour market data surprise coupled with the Bank of England saying it sees “no evidence of a sharp slowing of activity” after the referendum triggered gains in the British pound. The ONS was careful to point out that data was collected before the vote was known, but it now seems undeniable that there was no slowdown in economic activity as a result of uncertainty before the referendum.

The question that remains unanswered is whether the economy has begun to slow afterwards. Still, based on available data, the Bank of England has scant evidence to justify a big easing of monetary policy. Retail sales on Thursday will be the next test."

And you're right, I thought the BoE decision did change its policy but turns out what I read was just speculation from a while back. My bad.

That's not to say the BoE decision didn't have any impact. The very act of not moving rates could be seen as a signal to markets to stop worrying, as nothing is that bad. I was just pointing out that the BoE, at least right now, isn't being overtly aggressive.

we're seeing right now are the direct result of the Bank of England's monetary policy changes last week.

There was no monetary policy change. Rates were maintained.

https://plug.dj/aoki

Was actually bretty gud

You're probably just mad that your wife left you for a darkie.

The rise of ISIS and the current instability in the region CAN be attributed to the US, however.

ISIS existed as far back as 1999, and rose to prominence by managing to capture Eastern Syrian oilfields. Was the coalition partly responsible for the instability in the region? Sure. But our biggest sin was pulling troops out too early, not that we were too involved.

https://www.neweurope.eu/article/germany-proposes-eu-defence-union-brexit/

With Britain out of the picture, Germany and France will forge deeper defence cooperation in the European Union.

As reported by the Reuters news agency, Germany’s Defence Minister Ursula von der Leyen said on July 13 that Britain had “paralysed” such initiatives in the past.

“I can tell you from experience that in the past Britain has said it will not do these things,” she told a news conference. “This paralysed the European Union on the issues of foreign and security policy. This cannot mean that the rest of Europe remains inactive, but rather we need to move forward on these big issues.”

In related news, Deutsche Welle (DW), Germany’s international broadcaster, noted that Germany’s new planning report about defence and security policies.

The 2016 White Paper marks a major shift for Germany, which has long refrained from sending troops abroad in international conflicts.

According to DW, Germany now deploys troops to conflict zones, from the Balkans to Afghanistan and Mali, but kept out of the Nato intervention in Libya. In a non-combat role, Germany is part of the international alliance against Islamic State.

Germany’s opposition Left Party, however, was quick to criticise the defence ministry’s plan. In a statement, the party said: “The ‘white paper’ is nothing but a written demand for more money for more soldiers, for more military operations and more military equipment. It’s a ‘white paper’ for armaments and war”.

What's the story behind this?

Some guy was big into nature and looking after bears, and was making a movie. But, him and his girlfriend were mauled and eaten by two bears; his camera recorded nothing but their agonised screams as they were attacked. Only a few people have ever heard it.

Werner Herzog listened to it during a documentary about Treadwell, and was uncharacteristically shaken after hearing it. He told Treadwell's friend (in possession of the tape) to turn it off, paused for a few seconds and simply told her that she must never listen to it. The tape is now apparently in a bank vault.

EDIT: Wrote "Treadmill" instead of Treadwell.