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Brexit Fears Weren't Overblown -- They Were Flat-Out Wrong
Topic Started: Aug 19 2016, 08:45 AM (802 Views)
Pat
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Neutral
Aug 19 2016, 12:32 PM
It is stupid to think they would want to re-vote this soon. Brew, etal predicted and immediate depression, that is not happening.
Brew has close family in Scotland, I'm not surprised that Scots (including their leader) would like to divorce. Scotland held a vote not long ago and the leave crowd lost.If the UK signs trade deals as they have said they intend to, and if the countries lining up to do so follow through, the UK could end up the economic powerhouse over there.
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Fulltimer
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That is the way I understand it. I suspect it will get stalled then become an election issue .
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Pat
Aug 19 2016, 12:41 PM
Neutral
Aug 19 2016, 12:32 PM
It is stupid to think they would want to re-vote this soon. Brew, etal predicted and immediate depression, that is not happening.
Brew has close family in Scotland, I'm not surprised that Scots (including their leader) would like to divorce. Scotland held a vote not long ago and the leave crowd lost.If the UK signs trade deals as they have said they intend to, and if the countries lining up to do so follow through, the UK could end up the economic powerhouse over there.
I'm not do sure, this is not the 18th century.
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Pat
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Aug 19 2016, 12:41 PM
That is the way I understand it. I suspect it will get stalled then become an election issue .
Anything is possible, the powers that tried to get a NO are still working the goal. The original EU concept made sense, and then big government ideas in Brussels muddied the water. Power and control with social engineering on steroids. The UK are not the only countries wanting to divorce.
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Sure that may be a positive outcome of Brexit. They may all sit down and come up with something more workable.
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Pat
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Yep. This is a good opportunity for the member nations to reel in the power that Brussels (the Germans) have commandeered. Germany has tried conquering the continent and the UK twice by war and now via the EU.
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Well it needs to be an equal partnership and I think the EU is important to keep russian aspirations in check.




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Berton
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Brewster
Aug 19 2016, 10:10 AM
Berton
Aug 19 2016, 10:05 AM
Brewster
Aug 19 2016, 10:03 AM
Berton
Aug 19 2016, 09:41 AM
Facts are what is required, not speculation. Where is the world wide depression?

I wasn't aware that Brexit was in effect yet.

I gave you facts. Only you and Investor's have indulged in speculation, about something that is years away at least, and quite likely will never happen at all

Call me when it happens, and we'll talk about how it turned out...
"One of the great fears was that not only would Brexit be bad for the economy after the vote, but would materially weaken it even before the vote was held by undermining investor and consumer confidence.

Didn't happen. The online Express, citing new government data, reports that unemployment plunged 52,000 between April and June, leaving the unemployment rate at 4.9% -- the lowest level since 2005. The total employment rate now stands at 74.5% of the population -- the highest ever. Meanwhile, the number of unemployment claims dropped 8,600 in July -- the month after the Brexit vote -- to 768,600, the first decline since February.

Oh yes, and workers' average earnings jumped 2.4% in the first six months of the year, showing that if businesses were worried about Brexit, it sure wasn't showing in how much they were paying workers."

You said the effect would be immediate. Well the effect has been positive.
Bullship. You cherry picked one stat, I give you the whole picture.

The economy is already suffering, but we won't know the total effect until a couple of years after it's in full effect.

You just can't ever admit you're wrong, can you?

Oh, I see, according to you unemployment going down and wages going up means the economy is failing. Gee, I sure wasn't aware of that.

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Stoned
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Aug 19 2016, 08:52 AM
How doe's Brew explain his prognostication of world calamity?
The full effects of Brexit will not be felt for at least t wo years.
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Berton
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His prediction was for an immediate world wide depression.

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