The EU debate - Part II

Back on topic

Taken from another forum;

Only a few weeks have passed since they were telling us that a Brexit vote would have immediate consequences.

• House prices would collapse.
• Consumer spending would fall.
• The stock markets would suffer.
• Unemployment would increase.
• Emergency £32Bn budget would be needed.
• Interest rates would rise.

Why can the people who made all these false predictions not just admit that they were wrong?

They were not just a bit wrong. They were wrong on an epic scale.

 

American consulting giant relocates to London and eyes UK infrastructure market

Such bad news about Brexit......NOT!!!!

https://www.constructionnews.co.uk/...353.article?blocktitle=Latest&contentID=14651

 

Lightning.

 

House prices have fallen. Even God's Cock has admitted that in a PM although he seems to have vanished. Rattled

 

Fallen and collapse are two different words

say 5% is a fall 20% is a collapse

 

Who said they'd collapse? What's the link to your article?

 

Was it the vote or actually triggering Brexit that these warnings were about?
Agree most are ott as most effects are long term.

 

Cant give a link as its a members only one, will try to get a link about a collapse

 

BNP?

 

Do you have access to the full article?

 

It wouldn't make a difference if he did.

 

Combat 18

 

Quoting headlines without context means I am unable to tell whether this is in anyway Brexit related.
At the moment Custards lopsided morning stories do nothing to push his claim forward. For every good news story there is an equally negative one as we are very much in limbo until everyone knows what Brexit is and when it will happen.

 

Kustard has excitedly quoted numerous articles, usually from the Mail or Express, that from the headlines support his pro "Brexit" anti Muslim/Romanian agenda but which actually, when you get into the text which he doesn't bother to do, presents a negative reality. He is very much a simpleton.

 

It stops you remainers doom and gloom on everything, be positive for one in your life.

 

It's not all rosy, Custard.

House prices have fallen in most areas. Certainly in the south.

Consumer spending was propped up in the summer by tourists attracted by the strong pound. Let's see how it does early next year.

Stock markets did initially tank. I'll admit their resilience has surprised me though. But then again, UK stocks look good to foreign investors buying in their own currency, as the pound has dropped.

As to interest rates, the BOE will soon have a dilemma. Inflation is already rising sharply due to the weak pound and the fact that the UK is a net importer. They will have to decide between letting inflation go above their target or raising rates into a very uncertain economy.

What we have at the moment is akin to the 'phoney war' of 1939 in some ways. The quiet before the storm. Unless some very surprising news comes along, I think we will drift along like this until what terms and timeframe for Brexit becomes much clearer.

 

I'm not doom and gloom, neither am I jumping for joy at every crumb. You currently come across as a drowning man desperately clinging to every splinter in the hope it will save him rather than someone jumping for joy tbh.

It's quite clear that the effects of the initial shock has unwound and slowly the economy is readjusting to the new market conditions, all be it with a few unexpected headaches like inflation and growing pension black holes.
I'm also sure that most remainers and brexiteers would welcome evidence of a sensible plan and a workable way forward.

 

Tell that to some others here.

 

They had this problem a few years ago, they kept interest rates low.
Agree with the phony war, until Brexit happens (terms wise) its a waiting game.

 

On a world stage the stocks value is tied into the value of its currency.
Example Footsie was 6300 before the referendum or 9300 if you chose to price it in dollars.
Today the Footsie is 6800 or 8976 if priced in dollars.

To foreign investors the drop in the pound created an opportunity that they have taken and it is now not far off parity with pre referendum levels, but to anyone investing from abroad they are still worth less today than they previously were.