TRAGIC..
"And so it came to pass that alleged Prime Minister Alexander Boris de Pfeffel Johnson travelled to Brussels to personally take charge of the Brexit trade deal negotiations. He alone could break the deadlock, put the dastardly Eurocrats in their place and snatch victory

More from Michael M. 🇨🇭🇳🇴🇮🇸🇱🇮🇬🇧

$Michael M. \U0001f1e8\U0001f1ed\U0001f1f3\U0001f1f4\U0001f1ee\U0001f1f8\U0001f1f1\U0001f1ee\U0001f1ec\U0001f1e7$

"It is day eight in a depot in Lymm just outside Warrington, Cheshire and a lorry carrying frozen carrots and mixed herbs is still waiting for clearance to board a ferry from Birkenhead to Belfast".
"because the paperwork for a single pallet of carrots is missing key information"

**Guardian Report**

Hundreds of miles away in Lisburn in Northern Ireland, the haulage firm’s operations team have had no luck in persuading the British supplier that the carrots that were ordered on 27 December are now, in the third week in January, classed as an export

and must be accompanied by a litany of documents and certificates before the trailer can be cleared to board the ferry at Birkenhead.
Another supplier on the lorry had been struggling with the documentation requiring it to supply what is known as an “Incoterms”, which determines

who pays the duty in any tariff but also establishes a specific record as to who is the importer. But that was resolved on day seven.
Then there was also the supplier who had provided a commodity code that was two digits short. A simple key stroke mistake could be difference

between the lorry getting the red or the green light for entry to NI.
“It took half a day yesterday for me to clear the supply chain. I’ve got one more issue to go,” says the visibly stressed operations man simultaneously dealing with a sheaf of about 30 documents for

$Michael M. \U0001f1e8\U0001f1ed\U0001f1f3\U0001f1f4\U0001f1ee\U0001f1f8\U0001f1f1\U0001f1ee\U0001f1ec\U0001f1e7$

Michael M. 🇨🇭🇳🇴🇮🇸🇱🇮🇬🇧...
@vivamjm

Brexit also brings UK pork sector to standstill. Surprise eh? @RichardAENorth 🙄
UK pork processors are experiencing significant issues in exporting products to the EU, which has already brought part of the industry to a complete standstill, risking knock-on impacts on farm.

Sector by sector falling over https://t.co/6HIXzf8qq8
— Morgan Leahy (@MorganLeahy) January 14, 2021

The widely seen footage of overzealous Dutch (*my edit: "no they were not"*) inspection officials confiscating ham sandwiches transported by British hauliers is just the tip of the iceberg as far as the UK pig sector is concerned.
The NPA’s processor members have reported that

excessive (*my edit: only for non-EU members*) bureaucracy associated with paperwork requirements are causing delays at Dover, Calais and other ports. With pork being a perishable product, these delays are making UK shipments unattractive to buyers in the EU, forcing processors

to reject shipments and cancel future orders.
Despite the trade deal agreed between the EU & UK just before Christmas, the UK’s formal departure from the EU Customs Union and Single Market was always going to mean additional checks, new labelling and certification requirements

and delays at ports. While the full overall impact of the new rules is yet to be felt, as UK export volumes remain lower than normal for the time of year, the UK pig sector is already feeling the effect. Processors have reported a number of issues, including:

$Michael M. \U0001f1e8\U0001f1ed\U0001f1f3\U0001f1f4\U0001f1ee\U0001f1f8\U0001f1f1\U0001f1ee\U0001f1ec\U0001f1e7$

Michael M. 🇨🇭🇳🇴🇮🇸🇱🇮🇬🇧...
@vivamjm

When we had a [Brexit] deal, I thought, we're saved all the rigmarole and hassle, it'll work sweet as a nut, but it hasn't happened," says Mr Flannigan. Instead, he says, it feels like the clock's been turned back 30 years
People really don't have a "sweet as a nut" clue do they?

Yes "30 years" and worse ..because you are now outside the Single Market & "worse" outside the Customs Union too . You're now trading under conditions more like Belarussia into EU without the customs & logistical capacity to handle the volumes. Your business will most likely fail

This was always so ..regardless of the "deal" esp with "87% of Berwick Shellfish's £1.7m sales go to France, Spain and Germany"
Next....
"The real test for me is the next two to three weeks, as inventory is depleted and orders increase," says Mr Munro.

"He thinks there's a window of opportunity now, for the authorities to fine tune the system before volumes are ramped up" .. "fine tune" Oh FFS...!! wake up.

The BBC report a litany of businesses not understanding the "deal" was always going to mean being outside the SM/CU

"Mr Dormer fears the "massive amount of aggravation" could mean business partners on the continent start to look elsewhere.".....errrr ...yes.

Note how though the report leads with a suggestion of EU "pettiness"

$Michael M. \U0001f1e8\U0001f1ed\U0001f1f3\U0001f1f4\U0001f1ee\U0001f1f8\U0001f1f1\U0001f1ee\U0001f1ec\U0001f1e7$

Michael M. 🇨🇭🇳🇴🇮🇸🇱🇮🇬🇧...
@vivamjm

Whatever the analyses, I'll never understand the efforts, taxpayers money & substantial pain to come to make the disunited or broken apart UK, face so many more difficulties in trading with its neighbours; even within its own territory & to be so much poorer & less secure

with fewer rights for Brits in their own country & across the EU/EEA.
And that there is not a lot more official opposition/media attention & anger about it
.
Even more so when I read the following from 2010 by the "Taxpayers Alliance"

@bakerstherald Thanks for bringing this to my attention when the MSM - for whatever reason - is so noticably reticent to expose these would be quickly evolving (sounds better/less sinister)

Fight it. Hard. Or you'll find yourself living in a totally deregulated 'zone' where the corruption and cronyism you see in government now will look like a toddlers fucking picnic! This is a brief glimpse of what will come: https://t.co/8ktTmElDmW
— Louise Crossley \U0001f577\U0001f41f3.5% #NotMovingOn (@CandidePeel) December 28, 2020

From 2010
"As long as anyone can remember, Britain's old industrial heartlands have been a disaster area. Once they'd lost their traditional industries like steel and shipbuilding, something very bad happened to them - they seemed to lose the will to live. And as we've blogged

many times (eg here), despite decades of political promises and billions of tax-funded support, they have never managed to leave the high dependency unit. For example, when last sighted - in 2007-08 at the height of the biggest economic boom the world has ever seen -

$Michael M. \U0001f1e8\U0001f1ed\U0001f1f3\U0001f1f4\U0001f1ee\U0001f1f8\U0001f1f1\U0001f1ee\U0001f1ec\U0001f1e7$

Michael M. 🇨🇭🇳🇴🇮🇸🇱🇮🇬🇧...
@vivamjm

FELIXSTOWE, England (Reuters) -

In just one month of post-Brexit trading, British logistics expert Jon Swallow has seen exports dive, prices rise and customers so desperate that he is practically offering a counselling service.

Swallow is one of thousands of freight forwarders and customs brokers based around Britain’s biggest ports who have described the overnight introduction of a full customs border as akin to the country placing economic sanctions on itself.

Britain’s New Year’s Eve departure from the European Union’s orbit after 47 years of membership means exporters must now provide customs and safety declarations, health checks and rules of origin details to trade with its biggest partner.

We are now at a disadvantage to people trading within the EU,” Swallow, a co-director of Jordon Freight, told Reuters in his office next to the vast cranes that tower over Felixstowe docks, Britain’s biggest container port, on the south east coast of England.

“We’re a very fast-paced business, but now we’re just like walking through mud. There’s just paperwork everywhere.”
Those companies that trade goods between Britain and the bloc are paying a price, particularly small firms.

More from Brexit

Matt Carr
@MattCarr55

I really can’t see how, after the last four and half years, the breakup of the UK can be avoided. What a historical irony that a Brexit intended to make Britain ‘great again’ actually brings about the demise of ‘Great’ Britain.

I actually don’t see this as a bad thing. After all, the aggressive chauvinistic nationalism, hubris, and exceptionalism that made Brexit possible is predominantly an English phenomenon. Part of the historical paradox whereby Englishness expresses itself through Britishness,

without explicitly recognising that this nationalism is primarily embedded in England rather than the Celtic periphery. A United Ireland is long overdue. Scotland - regardless of the debates about the economic viability of independence- has reached the point when a decisive

breach now seems inevitable. If this happens, Wales may well follow. Then, finally, England will have to decide what it wants to be, and look at the flaws and failings - political, economic, and constitutional - that it has put off dealing with, or blamed on others

Not arguing that Brexit was therefore a progressive development btw - far from it - but a country that was willing to do something so fundamentally harmful, and so stupid, and which allowed itself to be taken over by political forces of the kind we’ve seen, is an ill country

Nicholas Whithorn
@NickWhithorn

Short fun thread on Brexiters expressed through the medium of the Sicilian word "minchia" & its variants.
N.B. "minchia" is not necessarily a vulgar word, having been used by authors as diverse as Giovanni Verga & Frank Zappa in their works, but it is uniquely expressive >>

Proprio un gran minchione!

'sta minchia di...

Chi minchia cumminastivu?l

Cu minchia è?

Dr Matt Prescott
@mattprescott

As someone whose been researching BREXT, TRUMP + RUSSIA for a couple of years, it's pretty amazing to see the media suddenly starting to ring alarm bells - after yesterday's FASCIST COUP attempt! Too many have been positively incurious or complicit with boosting TRUMP + BREXIT.

The number of JOURNALISTS and CITIZEN RESEARCHERS who have been trying to investigate the links between TRUMP, BREXIT and RUSSIA is remarkably small, and so tiny that we have all more or less found each other on Twitter... I think this is shameful.

Below I will try to credit some of the people who have made important contributions and tried to explore different aspects of this terrifying, sophisticated and wide-ranging attack on democracy... Some won't want public acknowledgement because of the associated attacks + dangers.

Carole CADWALLADR : @carolecadwalla : has done more than anyone else to highlight the role of social media, data mining and profiling in attacking DEMOCRACY. Her warnings and scoops have been studiously ignored by many in power.

... a library of Carole's articles can be found here :

Dr Anna Jerzewska
@AnnaJerzewska

Been waiting for 👇 🚨

Important story on what a “tariff-free” deal means in practice and why it’s not enough for two economies as closely integrated.

Tariffs are removed on goods that meet rules of origin. This is a complex and nuanced area of customs.

/1

\U0001f6a8\U0001f6a8\U0001f6a8\U0001f1ea\U0001f1fa\U0001f1ec\U0001f1e7\U0001f69b\U0001f692\U0001f1ea\U0001f1fa\U0001f1ec\U0001f1e7\U0001f6a8\U0001f6a8\U0001f6a8 serious #brexit story alert - companies now starting to see penny drop on what rules of origin does to supply chains (food for example) but Brussels seems deaf to both EU & U.K. pleading. A bellwether? \U0001f62c Stay with me. 1/
https://t.co/HoDSDxhKaL
— Peter Foster (@pmdfoster) January 6, 2021

Important to remember that trade deals (FTAs) weren't designed with such a high degree of economic integration in mind.

So some of the standard RoO provisions will seem incredibly restrictive under the UK-EU deal.

/2

Minimal operations or insufficient processing is a standard part of an FTA. Most, if not all FTAs, include a provision on minimal processing – processing not considered sufficient to confer originating status even if rules of origin have been met.

/3

It is standard procedure not to apply cumulation when goods have only been subject to minimal processing.

To be able to cumulate origin and consider the final product of UK origin, the processing carried out in the UK needs to exceed minimal operations.

/4

The level of integration between the UK and the EU means that this will have significant consequences for a number of industries.

For example, in supply chains where goods are brought into the UK from the EU and reassembled, sorted or repackaged and re-exported to ROI.

/5

BtaD #FBPE
@BtaD42255016

@SpecCoffeeHouse @NicholasTyrone I think you have missed the essential point that we have now passed peak Brexit. From now on only the disastrous reality will come at us from all sides. 57% already were Remainers on the day we joined. Soon a huge majority will hate Brexit. I expect poll tax riots response level

@NicholasTyrone Already the biggest vote winner, fish , has turned out to be a disaster. We’ve ended up with a FTA smaller than the UK itself. Gibraltar joined Schengen, Falklands shafted. UK regions never wanted It. #BrexitReality . #Brexitbenefits , there are none. #Brexitears from now on

@NicholasTyrone Remember too, this was a Tory internal civil war foisted on an uninterested country that they only won because of the #Austeridiocy policy falsely foisted after the financial crash. It was a protest vote. There are no benefits to Brexit. It’s a #ToryBrexitShambles .

@NicholasTyrone There will only be one direction of travel now, back towards the EU. We are currently effectively a vassal state and #Whatsovereignty ? We have only lost it. We have also become a sprat in a puddle not the leading big fish in the big bloc, the EU. This was always a fishy affair

@NicholasTyrone Oh yes. We’re also one of the biggest jokes on the planet, and will take centre stage as the worlds biggest Buffoon departs.... #Brexitisntworking #brexitleavesbritainnaked

MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit

1. Let's start option selling learning.
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019

Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in

Few are selling 20-25 Rs positional option selling course.
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
— Mitesh Patel (@Mitesh_Engr) November 3, 2019

1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only

Sold 29200 put and 30500 call
Used 20% capital@44 each
— Mitesh Patel (@Mitesh_Engr) April 12, 2019

2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold

Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.

To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
— Mitesh Patel (@Mitesh_Engr) February 7, 2020