Ah, soz bud

Just for clarification, this isn’t actually strictly true.

It’s getting into the weeds of trade economics a little bit, but the Marshall-Lerner identity only holds in the long run. In the short run, weak Sterling will almost always increase the size of the deficit (look into the J-curve for an explanation of why). In the long run, the theory goes, the J completes and export value goes up - ceteris paribus. If, however, Sterling has depreciated because of (amongst other things) the anticipation of higher barriers in the future, the trade deficit might always be unambiguously worse.

Not digging you out but this is a mistake that I keep seeing go uncorrected, even in supposedly well-informed discussions.

How long has fiat currency been in circulation? How long have the ‘elite’ made sure they’re always in the driving seat, even when it appears that the chips are down? Centuries. Millennia. Chicken Little might be your god, but the second coming ain’t happening anytime soon, no matter what that sandwich board around your torso says.

Absolute misinterpretation merchant.

Deal or no deal brexit and the consequences especially if they are severe will only obliterate British society as it is. I think it will polarise current British society completely fuelling a rise in nationalism and by nationalism I don't mean the stereotypical skin-head chavvy NF types. Nationalism along with other severe consequences of brexit will require Britons to become resolute and determined. It will create a seige island mentality. As someone I heard on the radio commented that "brexit will allow Britons to clear up and clean up Britain"

Just proves what we all know already. Indians generally don't waste time whining, committing street crime or letting their religion get in the way of personal progress. They get smart and get going.

A shame all immigrants don't follow suit.