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So far our prediction of a No Deal Brexit is looking good.  

The current odds are 7/4 so we could make some money except that the currency risk means it's probably a losing proposition unless we "butterfly" over to a pound put option.  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Jun 1st, 2018 at 08:23:15 PM EST
It depends on how you define "no deal". I have consistently spoken of the likelihood of no substantive Brexit deal by which I mean it would be hard to see the EU not continuing to allow the UK to participate in the Blue Skies deal and some security cooperation. Also a transition period might be agreed to facilitate further negotiations - the usual EU kick all the problems into the long grass strategy. But the City continuing as a centre of EU finance, a comprehensive trade deal, full access to the Single Market? Not so much. Not even close.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Jun 1st, 2018 at 08:49:17 PM EST
[ Parent ]
My definition: no formal relationship agreement established on March 29, 2019.  

May's government,IF they can arise from their coma* AND cobble together a coherent negotiating position*, is running out of time.  

* now there's a bad bet

* "Technology Will Save Us!" is not a coherent negotiating position

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Jun 1st, 2018 at 09:24:24 PM EST
[ Parent ]
sorry about the formatting errors


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Fri Jun 1st, 2018 at 09:37:10 PM EST
[ Parent ]

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