by Mish

Note to Münchau: You are in Fantasyland.

Interestingly, Münchau offers three pieces of sound advice before not explaining what the headline says he will.

Münchau Advice to Remainers

  1. Accept the referendum
  2. Stop being angry
  3. Take your opponents more seriously

Münchau is correct on all three points. But then Münchau notes that if the UK ever did rejoin the EU, that it would be “full monty” under Article 49,
“with the euro, the Schengen zone, EU involvement in home affairs, no opt-outs, and no budget rebates”.

Assuming Münchau is correct on that score, and I believe he is, there is no path for the UK in the EU.

It would be crazy to divorce then capitulate on everything, especially when the Eurozone is highly unlikely to survive in its current state, if at all.

EU Accuses UK of Backtracking: UK MPs Threaten to Block Divorce Payments

Brexit negotiations hit the rocks with the size of the Brexit divorce bill the key issue.

EU Seeks €20 Billion Divorce Settlement

The price of Brexit is high and rising. On top of previous demands such as a “fair but inferior deal” for the UK, the EU now wants a €20 billion divorce settlement as the UK’s “fair share” of inane projects the UK agreed to as part of the EU.

EU Buffoonery: Brexit Divorce Bill Upped to €100 Billion

The laugh of the day is a move by the EU to up Brexit divorce settlement to €100 billion from €60 billion.

Debate Over Electric Trucks: Let’s Get It On

In response to Can the Electric Grid Handle Self-Driving Electric Trucks? I received point and counterpoint emails, plus a request for a debate.

UK Election: Resurgence of Tory Support in Final Polls

Survation posted a pair of back-to-back polls on June 2-3 that had the lead for Theresa May’s Tories (conservatives), down to 1% over Jeremy Corbyn’ Labour Party.

Why Did the UK Enter the EU in the First Place?

Looking back, one really has to wonder why the UK subjected itself to all the inane EU nannycrat rules and regulations in the first place.

Divorce Proceedings Begin March 29: Brexit Debate, Mish vs Financial Times

The UK announced it would file Article 50 on March 29. At that time, control over the timing and structure of negotiations goes to the EU.

Brexit Fast-Track Dead: EU Insists Upon Divorce Settlement Before Trade Talks

Before the EU is willing to enter trade talks with the UK, it wants an upfront divorce settlement of €60 billion in exit bill claims along with guaranteed rights for expatriate citizens.

Two Percent Growth as Good as It Gets?

There have been 11 recessions and 11 recoveries since 1949. The current recovery is the slowest recovery since 1949 and closing in on the becoming longest.