The economic consequences of Brexit

[fido]

I've recently returned from on a holiday with a bunch of Remainers [and I don't use that term as an insult]. They kept telling me of the impending doom whilst sipping on the champagne in our expensive hotel.

[anonymous-user]

Digga said:

jsf said:

JawKnee said:

The car slowing down that quickly is more likely to be skidding, losing control and about to crash than the more gradual decline I think is the point.

You clearly haven't driven a car at the limit of adhesion. A car slowing down quickly under the control of the driver will stop a lot faster than one that is out of control and skidding.

And if it skids onto grass under braking it accelerates. I swear it feels like that anyway.

That one always gives me a chuckle, it can only accelerate if the level of adhesion is lower than the energy available via the force of gravity, so downhill its possible, on the flat or uphill it isn't.

[Fittster]

fido]I've recently returned from on a holiday with a bunch of Remainers [and I don't use that term as an insult said:

. They kept telling me of the impending doom whilst sipping on the champagne in our expensive hotel.

Champagne would have been cheaper pre-Brexit

[Digga]

jsf said:

Digga said:

jsf said:

JawKnee said:

The car slowing down that quickly is more likely to be skidding, losing control and about to crash than the more gradual decline I think is the point.

You clearly haven't driven a car at the limit of adhesion. A car slowing down quickly under the control of the driver will stop a lot faster than one that is out of control and skidding.

And if it skids onto grass under braking it accelerates. I swear it feels like that anyway.

That one always gives me a chuckle, it can only accelerate if the level of adhesion is lower than the energy available via the force of gravity, so downhill its possible, on the flat or uphill it isn't.

It's the way the awful shriek of tyres gives way to total silence and a feeling of just tobogganing over the grass most disconcerting and probably responsible for the illusion.

[JawKnee]

Digga said:

That's a very cynical and pragmatic assessment.

I like it.

My concern is that, whatever the outcome, project fear will prevent people from making the best of any situation. The attitude of defeat could overwhelm any fighting spirit.

Reality sucks doesn't it? Is every piece of bad news going to be labelled "Project Fear"? Eventually it will have to become project fact and many people will need to take responsibility for their foolishness.

[Digga]

JawKnee said:

Digga said:

That's a very cynical and pragmatic assessment.

I like it.

My concern is that, whatever the outcome, project fear will prevent people from making the best of any situation. The attitude of defeat could overwhelm any fighting spirit.

Reality sucks doesn't it? Is every piece of bad news going to be labelled "Project Fear"? Eventually it will have to become project fact and many people will need to take responsibility for their foolishness.

That's one attitude to have. Throw a strop because you don't like the outcome and decide to do your best to derail it to a point. In the real world, probably even dafter than cutting your own nose off to spite your face, but it seems popular, nonetheless. Lemmings.

[fido]

Fittster said:

Champagne would have been cheaper pre-Brexit

True, think I paid about 5% more for the extra food/drink - though most of it was booked and paid for a few months ago. Also I didn't change any £s until the holiday whereas the others panicked immediately after the referendum and got their Euros then!

[alfie2244]

jsf said:

Digga said:

jsf said:

JawKnee said:

The car slowing down that quickly is more likely to be skidding, losing control and about to crash than the more gradual decline I think is the point.

You clearly haven't driven a car at the limit of adhesion. A car slowing down quickly under the control of the driver will stop a lot faster than one that is out of control and skidding.

And if it skids onto grass under braking it accelerates. I swear it feels like that anyway.

That one always gives me a chuckle, it can only accelerate if the level of adhesion is lower than the energy available via the force of gravity, so downhill its possible, on the flat or uphill it isn't.

You can't beat a little bit of lift off oversteer to sharpen the senses

[jjlynn27]

Digga said:

That's one attitude to have. Throw a strop because you don't like the outcome and decide to do your best to derail it to a point. In the real world, probably even dafter than cutting your own nose off to spite your face, but it seems popular, nonetheless. Lemmings.

Do you actually believe that anyone will do anything that it's not in their interest, to be able to say, on anonymous forum, ha, told you so?
I just don't see that at all.

Unless you are one of 650 people poled for PMI, your (not personal) influence on this set of data is non-existent. If you are, it will be negligible.

I don't see people in general, 'talking down economy' to be proven right.

[ATG]

Digga said:

ATG said:

jjlynn27 said:

I don't know who markit are, but that reads significantly worse than BBC? Am I reading things right?

Markit are a big financial data provider. They gather data and flog it. Similar to Reuters and Bloomberg, and in this case a bit like a private sector version of the ONS.

The sort of organisation who sell grossly expensive data about how people are not going to vote. Stuff like that.

How about approaching things with an open mind? We're not discussing whose football team is going to do well in the Lada Riva Cup. This isn't about trying to prove a point or winning some debating competition.

[Digga]

ATG said:

Digga said:

ATG said:

jjlynn27 said:

I don't know who markit are, but that reads significantly worse than BBC? Am I reading things right?

Markit are a big financial data provider. They gather data and flog it. Similar to Reuters and Bloomberg, and in this case a bit like a private sector version of the ONS.

The sort of organisation who sell grossly expensive data about how people are not going to vote. Stuff like that.

How about approaching things with an open mind? We're not discussing whose football team is going to do well in the Lada Riva Cup. This isn't about trying to prove a point or winning some debating competition.

I wouldn't presume to tell you how to think.

The thread is speculation and opinion and limited - since Brexit only just happened - fact. That's all there is.

[ATG]

Digga said:

I wouldn't presume to tell you how to think.

The thread is speculation and opinion and limited - since Brexit only just happened - fact. That's all there is.

Markit just published the first important economic data since the referendum. You decided to imply they were an unreliable and overpriced organisation. I can only assume you did that because you didn't like the facts they had just published. People will call you on stuff like that.

[Digga]

ATG said:

Digga said:

I wouldn't presume to tell you how to think.

The thread is speculation and opinion and limited - since Brexit only just happened - fact. That's all there is.

Markit just published the first important economic data since the referendum. You decided to imply they were an unreliable and overpriced organisation. I can only assume you did that because you didn't like the facts they had just published. People will call you on stuff like that.

FWIW I've never rated any of these organisations particularly highly. I think - as do others here - that the weighting effect of 'Project Fear' is significant.

[NickGibbs]

ATG said:

Digga said:

I wouldn't presume to tell you how to think.

The thread is speculation and opinion and limited - since Brexit only just happened - fact. That's all there is.

Markit just published the first important economic data since the referendum. You decided to imply they were an unreliable and overpriced organisation. I can only assume you did that because you didn't like the facts they had just published. People will call you on stuff like that.

Well this was his reaction to the BBC report. Don't like the message: shoot the messenger

Digga said:

Undignified, bed-wetting panic. Typical stupidity from the BBC.

[Digga]

NickGibbs said:

ATG said:

Digga said:

I wouldn't presume to tell you how to think.

The thread is speculation and opinion and limited - since Brexit only just happened - fact. That's all there is.

Markit just published the first important economic data since the referendum. You decided to imply they were an unreliable and overpriced organisation. I can only assume you did that because you didn't like the facts they had just published. People will call you on stuff like that.

Well this was his reaction to the BBC report. Don't like the message: shoot the messenger

Digga said:

Undignified, bed-wetting panic. Typical stupidity from the BBC.

Journailst. London. Groupthink?

[jjlynn27]

Digga said:

Journailst. London. Groupthink?

I don't believe that you are serious with that, but in case you are

here is telegraph. they are pro-brexit right?

http://www.telegraph.co.uk/business/2016/07/22/fts...

[Digga]

jjlynn27 said:

Digga said:

Journailst. London. Groupthink?

I don't believe that you are serious with that, but in case you are

here is telegraph. they are pro-brexit right?

http://www.telegraph.co.uk/business/2016/07/22/fts...

No, although I don't think any of the media are any longer in touch with the voting public or reality outside of the bubble. we've seen conclusive evidence twice in the last two years.

I was amused to be stalked though, but would argue few, if any of my posts bear repetition.

ETA "journailist" was a spelling mistake, rather than some sort of attempted, oblique slur.

[jjlynn27]

Digga said:

No, although I don't think any of the media are any longer in touch with the voting public or reality outside of the bubble. we've seen conclusive evidence twice in the last two years.

I was amused to be stalked though, but would argue few, if any of my posts bear repetition.

ETA "journailist" was a spelling mistake, rather than some sort of attempted, oblique slur.

Not sure what you mean by stalked, this is discussion forum, right?

As for media and bubble, this is economic data, not an opinion piece.

[Digga]

jjlynn27 said:

As for media and bubble, this is economic data, not an opinion piece.

A quote from another referring the BBC, hence the comment, nothing at all to do with this thread. Okay?

[NickGibbs]

Also, to pick up the 'stalked' slur, it was you Digga who looked into my profile to make your point! I'm a motoring journalist, if that helps