/biz/ - Business & Finance

>https://www.reuters.com/article/SOMNIA-idUSKBN28L0NR
>No deal on Brexit trade 'very very likely', British PM Johnson says
>Both sides say they want to agree arrangements to cover nearly $1 trillion in annual trade but negotiations are at an impasse, with Britain standing to lose zero-tariff and zero-quota access to the huge European single market.
>“It’s looking very, very likely we’ll have to go for a solution that I think will be wonderful for the UK. We’ll be able to do exactly what we want from Jan. 1. It will obviously be different from what we set out to achieve,” Johnson told reporters.
>“If there’s a big offer, a big change in what they’re saying then I must say that I’m yet to see it,” said Johnson, the face of the “leave” campaign in Britain’s 2016 Brexit referendum.
>“The probability of a no deal is higher than of a deal,” the official said on condition of anonymity.
>Johnson and von der Leyen have given negotiators until Sunday evening to break the deadlock over fishing rights and EU demands for Britain to face consequences if in the future it diverges from the bloc’s rules.
>Johnson must decide whether the deal on offer is worth taking or the future freedom and domestic political benefits afforded by leaving without one outweigh the economic costs.
>A Brexit without a trade deal would damage the economies of Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains which stretch across Europe and beyond.

how do i profit from this? all in on shorting the pound in forex or something?

>>17445582
Uh, the Soviet Union, the entire Eastern Block, China (until Deng), Cuba?

Socialist countries always faired better against their capitalist counterparts at the same economic development. Look it up at the UN.

The university of Bremen (West Germany) even recognised in a study that the infamous GDR had steeper economic growth than the West one, despite being much smaller, lower population and being embargoed out of the world economy by the west.

Maybe this historian could give you a hint at a better perspective:
https://youtu.be/6Tmi7JN3LkA