The EU debate - Part II
- Thread starter PINKIE
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Lagarde got done during the referendum campaign by one of the most innocent comments ever.
She had given a recent IMF apocalypse statement on the UK post Leave, and the BBC
reporter merely said : but you have been wrong about the UK economy in the past.
Which stopped her stone dead.
This goes to the heart of my comments on "experts" .
If there had been good "OptaStats" for her, Lagarde would merely cite them as reason enough
to be listened to and taken seriously. And rightly so.
But she has none to cite.
So whatever the fate of the UK, neither she nor her minions will be losing their jobs
if they have called it wrong.
To be clear, because this really is getting boring now, if UK GDP for 2016 shows a positive figure it will be be due to the positive growth of the first two quarters. The expectations for the third and fourth quarters are flat to negative.
In other words, the economy is slowing markedly.
In other words, the economy is slowing markedly.
Posting economic data that shows a negative for our economy in the present, isn't 'bleating' nor is it saying 'we're doomed'
It's merely showing what is happening in something called reality....
You appear to think that anything negative should be brushed under the carpet, and we should all be excitedly thinking about this brave new World that's ahead of us.
Pardon me if I skip the cart wheels.
As always we'll deal with what comes, and react and adapt accordingly.
I'm not saying anything should be brushed under the carpet, I'm saying a lot of the bleating has turned out to be bollocks, and, as the 'experts' keep saying that the markets react to uncertainty, the bleaters are actually part of the problem.
If they're really experts, they should be putting measures in place to deal with their predictions. Their track record suggests a few good reasons why that doesn't happen.
It is not possible to put measures in place when nobody has a clue what the arrangements will be after we have left the EU. The experts are not the ones that will be making these arrangements, and as so many ignored expertise in favour of irrationality when they voted, their plans would be ignored anyway.
You really should stay out of things you simply don't understand.
There is no bleating, these are facts and figures. Facts and figures that clearly demonstrate that the UK economy is retracting. It will continue to retract for the foreseeable future, or at least until our future relationship with the EU, and others, becomes far clearer.
As for 'putting measures in place' words fail me! Many of the effects that we're seeing now are due to sentiment, confidence. Consumer, investor, and business confidence are all down- and significantly. What measures would you suggest to solve that. A Ministry of thought, perhaps?
If, and until, some way forward becomes far clearer, the decline and periodical turmoil will continue.
Consumer and business confidence falling since the result isn't 'bollocks' or 'bleating' nor a prediction, it's simple reality.
Consumer confidence is now at it's lowest level since 1990. If people aren't confident in the economic outlook, they stop spending on high cost items and non-essentials. Thus the economy shrinks pro-rata. This is not some black art, it's simple economics 101.
You'll now no doubt blame the fall in confidence on the 'doom mongers', rather than the simple fact that brexit has left the Nation in a state of flux and with a genuine uncertain future, which will continue until the EU exit is complete and the trade deals concluded.
I hate to cast rays of sunshine on your fabricated storms, but....
Britain BOOMS after EU vote: Ignore the doom-mongers…it’s good news all round.
"The Bank of England admitted it saw “no evidence” of a sharp economic slowdown and the pound gained in strength as a result.
Positive job figures showing unemployment falling and record numbers in work were heralded by new Prime Minister Theresa May."
http://www.express.co.uk/news/uk/691589/Britain-BOOMS-EU-vote-economy-economic-news-Brexit
Britain BOOMS after EU vote: Ignore the doom-mongers…it’s good news all round.
"The Bank of England admitted it saw “no evidence” of a sharp economic slowdown and the pound gained in strength as a result.
Positive job figures showing unemployment falling and record numbers in work were heralded by new Prime Minister Theresa May."
http://www.express.co.uk/news/uk/691589/Britain-BOOMS-EU-vote-economy-economic-news-Brexit
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I've repeatedly said I don't know much. The questions seems to be which expert we're expected to believe. The ones on here have been consistently wrong and shifting between the indices that are supposedly the ones to follow. The ones quoted don't seem too much better and some are even admitted they were wrong or misleading.
Seems to me you can find an expert view to support any claim, and they'll just try to deny or ignore their failures later.
That pomposity and arrogance is what many voted against.
Continuing the series of Britain for Sale, the Qataris become the biggest shareholder in British Airways
http://www.telegraph.co.uk/business/2016/08/01/qatar-airways-boosts-stake-british-airways-owner-iag/
http://www.telegraph.co.uk/business/2016/08/01/qatar-airways-boosts-stake-british-airways-owner-iag/
You appear to have quoted The Express.
Do you have a picture of Lady Diana on the wall of your downstairs khazi?
Was part of the plan to "get our country back" for the newly got back country's major companies to become the playthings of the Qataris and the Japanese (see ARM) now that the sterling is so laughably weak?
Ironic innit?!
Nothing but cod left nowadays
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