ER

untie the knot

Dear Reader,

After the Brexit referendum Glynsky and I debated a lot. We were equally surprised to learn, Glynsky was pro Brexit, and I was against. Not that I had a vote.

After a few arguments, which got quite heated, we agreed to disagree. The always wise Glynsky ended our debate with: “Nobody can predict the future.” I agreed, of course.

Ever since I have been following the news about Brexit. And with news I mean the facts, not the cacophony of opinions, wishes, dreaming, infighting, and inflated egos.

I watched the rising prices in the UK, the continuing losses of jobs, the 32% drop in M&A deals, the decline of real estate value, the downgrading of the UK credit rating by Moody’s. And Brexit hit close to home. Family members, working in the UK for international organizations, were told to look for other positions within their organizations, but outside the UK.

During our debates Glynsky said, the EU needs the UK as much as the UK needs the EU. When challenged, he referred to the EURO clearing and the bond market at London Stock Exchange, and the transatlantic cables to the US. He considered those “must haves” for the EU. That was roughly 15 months ago.

In the meantime the Deutsche Boerse in Frankfurt started offering lower commission on EURO clearing. And the EU started the process for a new law, requiring EURO clearing to happen within the EURO zone.

Plus, an insider told me, the German state of Hesse wants its own direct cable from NYC, across the Atlantic, through the rivers Rhine and Main, directly into Frankfurt.

I interpret these actions, more than anything else, that the EU is preparing for what is called a hard Brexit.

Stay tuned,

Engine Room

ER

Subscriptions

Dear Reader,

Over the last couple of weeks DiaBlog gained an unusual number of new subscribers. As flattering as that might be, hundreds of subscriptions were left unconfirmed. Meaning, an email address subscribed to receive diablog posts, but the person owning that email address did not confirm the subscription, when asked to do so.

Our system requires confirmation, because anyone can fill out the subscription form, even a bot But only the person with access to the email inbox can confirm that subscription. That way we do not spam people.

As a precaution I deleted all subscriptions lacking confirmation.

Should you be affected, please subscribe again. And please make sure, you confirm your subscription. We prefer to have fewer subscribers, rather than spamming people.

Thanks in advance,

Engine Room

Philippa

New Senior’s Exam

You only need 4 correct out of 10 questions to pass.

1) How long did the Hundred Years’ War last?
2) Which country makes Panama hats?

3) From which animal do we get cat gut?

4) In which month do Russians celebrate the October Revolution?

5) What is a camel’s hair brush made of?

6) The Canary Islands in the Pacific are named after what animal?

7) What was King George VI’s first name?

8) What color is a purple finch?

9) Where are Chinese gooseberries from?

10) What is the color of the black box in a commercial airplane?

 

Remember, you need only 4 correct answers to pass, but it’s not as easy as you may be thinking. I’ll come back tomorrow and give you the answers.

ANSWERS TO THE QUIZ
1) How long did the Hundred Years War last? 116 years
2) Which country makes Panama hats? Ecuador
3) From which animal do we get cat gut? Sheep and Horses
4) In which month do Russians celebrate the October Revolution? November
5) What is a camel’s hair brush made of? Squirrel fur
6) The Canary Islands in the Pacific are named after what animal? Dogs
7) What was King George VI’s first name? Albert
8 ) What color is a purple finch? Crimson
9) Where are Chinese gooseberries from? New Zealand
10) What is the color of the black box in a commercial airplane?  Orange (of course)
What do you mean, you failed?