Reply With QuoteThis is probably more to do with VW et al faking their emmisions results than Brexit.Originally Posted by Barry Dragon
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Hours in Germany carmakers are having to be cutback because of brexit. Should make trade negotiations with EU work out in our favour. In the EU or not our European neighbours need a strong UK as much as we do.
http://www.bbc.co.uk/news/world-europe-37133037
Brexit could well turn out to be a good thing. Could see those jobs come back to the UK.
This is probably more to do with VW et al faking their emmisions results than Brexit.
What Brexit?
It's getting further and further away
Been an interesting switch in polls about how people feel about their vote. Apparently 5% of the Leave campaign still regret leaving, but interestingly 5% of remain also regret voting to stay. The economics of it is starting to be able to be seen, and it turns out, as I predicted, most of the economists seem to have got it wrong. Certainly no collapse, no mass job loses, no loss on retail confidence.
They didn't get it wrong, they were just reporting as instructed to maintain the status quo.
What was the timescale on those predictions? Because it looks very much like we haven't even begun to leave the EU yet.
Most of the economic predictions were very one sided, because as Nelson said they wanted a remain vote. Predictions of the future will always be biased towards the result you want.
And the period of the predictions covered a range of short term to medium term of up to 5 years. Which is not useful to anyone as this vote is about the next few decades not the immediate future, hence why we saw so many leave votes.
The immediate predictions were true that sterling will weaken, but both sides predicted that and it was a certainty. But it also predicted a loss of confidence which has been mixed so far, a cautious approach from business and a don't even care from consumers. Having seen stock markets at a record high, partially because of a weaker pound, but confidence in our economy is still strong. There is and will not be any apocalypse as some predicted.
The scare stories were way way way over the top. Without all the scare stories we could have seen a landslide to leave, as many voted in for better the devil you know reasons and the scare mongering from many economic people/departments. Their vote and reaction was based on worry.
I wouldn't be surprised if Soros and friends weren't behind the weakening of the pound, with the aim of engineering the conditions for a second referendum vote, or giving the MP's a reason to vote against a Brexit in parliament.
Also the state of the EU, both financially and politically, was never brought up. Yanis Varoufakis, the economist, academic and former Greek Finance Minister Finance has a lot of interesting things to say about the present conditions, and future direction of the EU.
Last time I blinked we were still in Europe , nothing has been signed or done ,migration and trade continues , so does paying into the European market, as soon as someone finds that mysterious article 50 and actually signs it ,nowt is happening.
Nicola Surgeon has got it and keeps it under her pillow
But the weakening of the pound has been a good thing so far??? Industry is benefitting, exports are improving. And inflation is still low. Markets are up. What bad about that?
Sterling has weakened, making imports more expensive, encouraging for UK producers as our cost base goes down. Could lead to more UK manufacturing jobs. We can finally compete with a strengthen germany on the back of a weak euro.
Article 50 may not have been invoked, but markets have reacted that has already happened. Plenty has happened. Just alot more to come, if it does infact ever come.
And we we still be in europe when we leave the EU. Unless there is some big tectonic shift.
http://www.telegraph.co.uk/business/...fidence-grows/
It's bad news for some, I'm afraid.
Yes, those pushing project fear
Mark Carney should be sacked immediately.
Yeah, but psychologically the pound crashing feeds into project fear and the MSM couldn't stop talking about the new record lows v the dollar, they were almost gloating with their "told you so" attitude.
Unfortunately for some, the people without a political agenda have seen an opportunity and gone for it, even though the establishment were forcasting doom and gloom.
Last edited by Wales-Bales; 21-08-16 at 16:23.
Out of interest how do you think that would've worked out? Would the government phone all economists to predict the same thoughts as them? Sounds like quite a ballache to be honest...
It depends who was paying them, their not like window cleaners going from door to door selling economic predictions
They are usually employed by the large financial organisations, the government and civil service, lobbyist funded think-tanks, academics funded by the government and financial corporations, etc.
The only independent economist that I know of is Max Keiser
I wouldn't be too sure about him either tbhIt depends who was paying them, their not like window cleaners going from door to door selling economic predictions
They are usually employed by the large financial organisations, the government and civil service, lobbyist funded think-tanks, academics funded by the government and financial corporations, etc.
The only independent economist that I know of is Max Keiser
I wouldn't be too sure about him either tbh
Remember when you put your neck on the line with a Max Keiser prediction.It depends who was paying them, their not like window cleaners going from door to door selling economic predictions
They are usually employed by the large financial organisations, the government and civil service, lobbyist funded think-tanks, academics funded by the government and financial corporations, etc.
The only independent economist that I know of is Max Keiser
That didn't turn out too well from memory.... Do they ever????
You must be thinking about somebody elseRemember when you put your neck on the line with a Max Keiser prediction.
That didn't turn out too well from memory.... Do they ever????
chinese aircraft carrier arrived yetYou must be thinking about somebody else
Where's it going?chinese aircraft carrier arrived yet
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