The economic consequences of Brexit (Vol 3)

The economic consequences of Brexit (Vol 3)

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Big Al.

Original Poster:

68,795 posts

257 months

Friday 26th January 2018
quotequote all

anonymous-user

53 months

Friday 26th January 2018
quotequote all
Do we believe people like Carney or random blokes on the internet?

http://www.bbc.co.uk/news/business-42829825

Eddie Strohacker

3,879 posts

85 months

Friday 26th January 2018
quotequote all
Ghibli said:
Do we believe people like Carney or random blokes on the internet?

http://www.bbc.co.uk/news/business-42829825
Shooting the piano player has long been a popular pastime.

OzzyR1

5,694 posts

231 months

Friday 26th January 2018
quotequote all
Ghibli said:
Do we believe people like Carney or random blokes on the internet?

http://www.bbc.co.uk/news/business-42829825
Both as clueless as the other imho.

http://www.telegraph.co.uk/business/2016/05/12/liv...


PurpleMoonlight

22,362 posts

156 months

Friday 26th January 2018
quotequote all
Ghibli said:
Do we believe people like Carney or random blokes on the internet?

http://www.bbc.co.uk/news/business-42829825
It will be dismissed by leavers as project fear.

StottyGTR

6,860 posts

162 months

Friday 26th January 2018
quotequote all
Ghibli said:
Do we believe people like Carney or random blokes on the internet?

http://www.bbc.co.uk/news/business-42829825
I believe Carney, the economy being 1% smaller than predicted if we had remained in the EU seems about right. The economy experts and the remain campaigns rhetoric was that of if we voted to leave the EU the economy will tank. I was sceptical about this as were many leave votes and thus far we have been proven to be completely correct.

andymadmak

14,482 posts

269 months

Friday 26th January 2018
quotequote all
Actually growing faster than expected...

http://www.bbc.co.uk/news/business-42831655

"expected" is not a universal term for all people, as it could mean recession for some, and modest growth for others. However growth at 0.5% in Q4 2017 will confound some and pleasantly surprise others. It is unexpected ( which for some, means Emergency)

Tony427

2,873 posts

232 months

Friday 26th January 2018
quotequote all
Project fear, project nonsense more like .

Just how much credibility does the establishment have left with the general population?

Not much I would suggest.

Is there a checklist anywhere listing all the dire projections and certainties espoused prior to the referendum from the great and the good, and those who know better, versus the reality afterwards?

I would love to see that.

Cheers,

Tony


gooner1

10,223 posts

178 months

Friday 26th January 2018
quotequote all
StottyGTR said:
Ghibli said:
Do we believe people like Carney or random blokes on the internet?

http://www.bbc.co.uk/news/business-42829825
I believe Carney, the economy being 1% smaller than predicted if we had remained in the EU seems about right. The economy experts and the remain campaigns rhetoric was that of if we voted to leave the EU the economy will tank. I was sceptical about this as were many leave votes and thus far we have been proven to be completely correct.
The problem with that is, Carney himself was predicting a Brexit vote recession, iirc.

jjlynn27

7,935 posts

108 months

Friday 26th January 2018
quotequote all
StottyGTR said:
I believe Carney, the economy being 1% smaller than predicted if we had remained in the EU seems about right. The economy experts and the remain campaigns rhetoric was that of if we voted to leave the EU the economy will tank. I was sceptical about this as were many leave votes and thus far we have been proven to be completely correct.
Have you also been right about abandoning an attempt to balance the books?

jjlynn27

7,935 posts

108 months

Friday 26th January 2018
quotequote all
andymadmak said:
Actually growing faster than expected...

http://www.bbc.co.uk/news/business-42831655

"expected" is not a universal term for all people, as it could mean recession for some, and modest growth for others. However growth at 0.5% in Q4 2017 will confound some and pleasantly surprise others. It is unexpected ( which for some, means Emergency)
rofl

same article said said:
  • However, the Office for National Statistics (ONS) said the broader picture was "slower and more uneven" growth.
  • In 2017 as a whole, growth was 1.8% compared with 1.9% in 2016 - the slowest since 2012

andymadmak

14,482 posts

269 months

Friday 26th January 2018
quotequote all
jjlynn27 said:
Have you also been right about abandoning an attempt to balance the books?
Trying to twist the continued growth in the economy instead of the projected recession as being a result of no longer trying trying to balance the books is more than a bit of a stretch.

Carney would never have been trying to balance the books through a Brexit recession (the recession that he predicted) anyway. It follows that the prediction of a recession by Carney was made notwithstanding the fact that he knew he would no longer be trying to balance the books.

Thus this continued growth is clearly emergency, sorry I meant unexpected hehe

jjlynn27

7,935 posts

108 months

Friday 26th January 2018
quotequote all
andymadmak said:
jjlynn27 said:
Have you also been right about abandoning an attempt to balance the books?
Trying to twist the continued growth in the economy instead of the projected recession as being a result of no longer trying trying to balance the books is more than a bit of a stretch.

Carney would never have been trying to balance the books through a Brexit recession (the recession that he predicted) anyway. It follows that the prediction of a recession by Carney was made notwithstanding the fact that he knew he would no longer be trying to balance the books.

Thus this continued growth is clearly emergency, sorry I meant unexpected hehe
First things first; how's your 'I need to to be told and judged by random people on the internet' exercise going? Any thumbup yet? biggrin

It seems that you don't understand the difference between fiscal and monetary policy. Maybe brush up on that first?

Are you sure that you meant unexpected, and not unscheduled?

biggrin


andymadmak

14,482 posts

269 months

Friday 26th January 2018
quotequote all
jjlynn27 said:
andymadmak said:
jjlynn27 said:
Have you also been right about abandoning an attempt to balance the books?
Trying to twist the continued growth in the economy instead of the projected recession as being a result of no longer trying trying to balance the books is more than a bit of a stretch.

Carney would never have been trying to balance the books through a Brexit recession (the recession that he predicted) anyway. It follows that the prediction of a recession by Carney was made notwithstanding the fact that he knew he would no longer be trying to balance the books.

Thus this continued growth is clearly emergency, sorry I meant unexpected hehe
First things first; how's your 'I need to to be told and judged by random people on the internet' exercise going? Any thumbup yet? biggrin

It seems that you don't understand the difference between fiscal and monetary policy. Maybe brush up on that first?

Are you sure that you meant unexpected, and not unscheduled?

biggrin
Ahh, the "exercise" that you invented yourself, and then tried to project onto others when you get caught out with another fib? That exercise?

I'm not seriously going to take advice from someone who struggles with the basics like you do. But hey, it's almost the weekend, and I'm off now. Have a nice weekend and try not to be too rude to people. wavey

ElectricSoup

8,202 posts

150 months

Friday 26th January 2018
quotequote all
Jesus this is hard work. The post-vote recession was averted by swift Bank of England action immediately after the stty result came through. Had they not acted, the Remain campaign would, in all likelihood, have been proven right. But, rightly, nobody wanted that, so Plan B was devised. The BoE acted. Recession averted. We are where we are now. Which is a bit worse off than we would otherwise have been with a Remain vote due to lost growth. Which is a shame.

Of course, we haven't left yet. We've just kicked the worst down the road.

How many times does this have to be said? "Look Look we were right!! It was all Project Fear!!!" Conveniently missing out the vital information from the desired Leavist narrative, of course and conveniently never acknowledging that the lies of the Leaveist Project Fear about Turkey joining the EU, the Superstate and the EU Army and all that schemozzle hasn't happened and won't happen.

Sick of it all. Bullstters, everywhere. You're not going to get away with it.

jjlynn27

7,935 posts

108 months

Friday 26th January 2018
quotequote all
andymadmak said:
Ahh, the "exercise" that you invented yourself, and then tried to project onto others when you get caught out with another fib? That exercise?
andymadmak said:
I think I am happy to let our peers judge who is honest and who is not.
andymadmak said:
I'm not seriously going to take advice from someone who struggles with the basics like you do. But hey, it's almost the weekend, and I'm off now. Have a nice weekend and try not to be too rude to people. wavey
Have fun, and don't forget to brush up on fiscal vs monetary.

wavey

sidicks

25,218 posts

220 months

Friday 26th January 2018
quotequote all
PurpleMoonlight said:
It will be dismissed by leavers as project fear.
I was expecting the ignorant generalisations about “what Leavers think” to come from mx5nut, not you. Is he on strike?

London424

12,826 posts

174 months

Friday 26th January 2018
quotequote all
ElectricSoup said:
Jesus this is hard work. The post-vote recession was averted by swift Bank of England action immediately after the stty result came through. Had they not acted, the Remain campaign would, in all likelihood, have been proven right. But, rightly, nobody wanted that, so Plan B was devised. The BoE acted. Recession averted. We are where we are now. Which is a bit worse off than we would otherwise have been with a Remain vote due to lost growth. Which is a shame.

Of course, we haven't left yet. We've just kicked the worst down the road.

How many times does this have to be said? "Look Look we were right!! It was all Project Fear!!!" Conveniently missing out the vital information from the desired Leavist narrative, of course and conveniently never acknowledging that the lies of the Leaveist Project Fear about Turkey joining the EU, the Superstate and the EU Army and all that schemozzle hasn't happened and won't happen.

Sick of it all. Bullstters, everywhere. You're not going to get away with it.
What swift action did they take?

As for bullstters...did you believe the stock market crash, the house price crash, the half million job losses, the recession? That's an awful lot of bullstting I agree.

Tankrizzo

7,246 posts

192 months

Friday 26th January 2018
quotequote all
sidicks said:
I was expecting the ignorant generalisations about “what Leavers think” to come from mx5nut, not you. Is he on strike?
He'll have an alert set up seeing as it's the only reason he's on PH.

amgmcqueen

3,343 posts

149 months

Friday 26th January 2018
quotequote all
ElectricSoup said:
Jesus this is hard work. The post-vote recession was averted by swift Bank of England action immediately after the stty result came through. Had they not acted, the Remain campaign would, in all likelihood, have been proven right. But, rightly, nobody wanted that, so Plan B was devised. The BoE acted. Recession averted. We are where we are now. Which is a bit worse off than we would otherwise have been with a Remain vote due to lost growth. Which is a shame.

Of course, we haven't left yet. We've just kicked the worst down the road.

How many times does this have to be said? "Look Look we were right!! It was all Project Fear!!!" Conveniently missing out the vital information from the desired Leavist narrative, of course and conveniently never acknowledging that the lies of the Leaveist Project Fear about Turkey joining the EU, the Superstate and the EU Army and all that schemozzle hasn't happened and won't happen.

Sick of it all. Bullstters, everywhere. You're not going to get away with it.
I've never read such deluded tripe!