BoE Chief Economist: Brexit Prediction Was Our 'Michael Fish Moment'
 

well well....:idc:


http://e3.365dm.com/17/01/640x380/23...21_3865258.jpg

The Bank had issued dire warnings against a vote to leave the European Union, with governor Mark Carney even saying the country could slip into recession.

Instead, the FTSE 100 closed on a record high for the sixth consecutive time on Thursday, the same day figures were released suggesting Britain was the fastest-growing of the advanced economies last year, with the services sector hitting a 17-month high.

BoE chief economist Andy Haldane said criticism of economists for failing to predict the financial crisis and the impact of the Brexit vote were a "fair cop", adding that the economics profession was "to some degree in crisis".

http://www.lbc.co.uk/news/uk/boe-chi...t-criticism-w/

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In other words they got it spectacularly wrong with their doom-mongering and i think our Nigel may well have called that one as well..

Yes Blame Poor Old Fish LT


Pathetic Haldane fella

That's because absolutely nothing has happened in regards to Brexit yet

Well the pound changed
but bounced back

After March this year
we may get some changes
as we start LEAVING the Corrupt EU

You have to remember that these so called 'expert economists' are renowned for getting it wrong.They hardly ever predict anything right.There were dire predictions for June 24th and none of it happened.They are to be taken with a huge pinch of salt.
Even the FT thinks they're useless.
https://www.google.co.uk/amp/s/amp.f...?client=safari

We're still in the EU though :joker:

yes and I believe that was the response from every tibb brexiteer for weeks after the vote when faced with the silly scare-mongering




you

could

not

make

it

up

My point is more that the Brexitkru have been insistent that the economy is stifled and can't improve because of EU laws and red tape... And yet now crowing about economic improvements like its down to Brexit, when in fact we are still bound by exactly the same EU "laws and red tape" as we ever were :think:.

So all you can actually say is that some people were wrong about the consequences of the vote itself / financial confidence etc... Which is fair enough... But it has absolutely zero bearing on the actual effect of Brexit in practice, which we are still years away from :shrug:. Surely, LT, you're not one of the thick chavs I get ranting at work about how we're "out of Europe now!" since the day after the vote...

just pointing out that most of the tibb remainers were wrong

About what? You can't possibly claim to know whether Brexit will be good or bad for the economy, because it hasn't happened yet. No one has been proven right or wrong :shrug:.

The results of the Brexit alone had an negative impact, it's not exactly sometihng to celebrate that we only recovered because we're still in the EU.

This makes me think of people who deny Global Warming is a thing, you can convince yourself all you want that things are all rosy but that won't change the reality of what's going to happen.

The financial issue isn't even the worst part of it though, Brexit only went through because the government's under investigation for Human Rights' abuse by the EU due to the welfare cuts that the Tories proposed a while back. After we leave I'd bet those proposals will resurface.

It's sad how easy it is to get people to sign away their rights the second you mention immigrants.

The point is they forecast doom would begin immediately on the result of a leave vote and it didn't happen.

It's a shame the rest of the EU aren't doing as well as we are.

http://www.telegraph.co.uk/finance/e...ght-talks.html

"The terms are harsher by a full order of magnitude than those rejected by Greek voters in a landslide referendum a week ago, and therefore can never command democratic assent. They must be carried through by a Greek parliament still dominated by MPs from Left and Right who loathe every line of the summit statement, the infamous SN 4070/15, and have only agreed – if they have agreed – with a knife to their throats." EU :nono:

"In doing so they reverted to the nationalist European power struggles of the 19th and early 20th century. They demoted the eurozone into a toxic fixed exchange-rate system, with a shared single currency, run in the interests of Germany, held together by the threat of absolute destitution for those who challenge the prevailing order. The best thing that can be said of the weekend is the brutal honesty of those perpetrating this regime change.

We will soon be asking ourselves whether this new eurozone, in which the strong push around the weak, can be sustainable. Previously, the strongest argument against any forecasts of break-up has been the strong political commitment of all its members. If you ask Italians why they are in the eurozone, few have ever pointed to the economic benefits. They wanted to be part of the most ambitious project of European integration undertaken so far." Written by German economic commentator Wolfgang Munchau EU :nono:

A eurozone official is quoted as saying in the Financial Times: "They crucified Tsipras in there. Crucified.”

Not sure what rights you think people are signing away. :shrug: Blaming it on immigration is just ignorance based on Tabloid sensationalism.

Brexit only went through because the government's under investigation for Human Rights' abuse by the EU due to the welfare cuts that the Tories proposed a while back. This sentence doesn't make sense to me. Brexit hasn't 'gone through' yet but if you are referring to this investigation being the reason people voted for Brexit I can't see where you have evidence of that and it rather contradicts your statement about immigration. Lost me.

It only doesn't make sense if you still believe in the integrity of democracy, rather than it being fairly evident that democratic votes in the "information age" are largely decided via mass media manipulation and a form of viral advertising.

Powerful people with vested interests decided that Brexit was the best path for them to achieve the things they are seeking to achieve, therefore Brexit happened. The same goes for Trump, now quite obviously. He ran a campaign that placed a large emphasis on "draining the swamp" in Washington; instead it already looks like the Washington Swamp is going to be declared a national park, and all of the corrupt ****ers in it will be a protected species. Such surprised.

Do you know "Big Brother" personally TS? :hehe:

We all do Jaxie, some of us are just more acutely aware of him :suspect:

What's his favourite colour?

If the government is under investigation by the EU for being thoroughly bad sorts, (I nearly typed sots there). Who is investigating the EU for their disgusting treatment of Greece, overriding their democracy, the voice of their people through referendum and for bringing down yet another Greek government?

Green of course, the colour of $$$MONEY$$$

And none of that changes the fact that our government are under investigation for Human Rights abuse against disabled people.

The act of trying to distract somebody from focusing on something bad by saying 'that thing over there is also bad so that somehow vindicates this bad thing for some reason!' is foolishness.

So who investigates the EU abuse? :shrug:

It's irrelevant for reasons I've stated in the last post that you chose to ignore (and probably didn't read, given how you just proved what I was saying right).

It's ok if you can't answer. You can just say.

You are trying to distract from the issue I've raised because you can't argue against it hence the pointless attempts to vindicate Human Rights abuse (which is disgusting in itself) by bringing in an unrelated subject to confuse the issue.

You voted against human rights, you've got to accept that. You weren't voting against free borders or voting for an extra £350m for the NHS or anything else, you voted to get the government out of a Human Rights debacle and, in the process, gave them the means to try it again with reprisal.

That's what the referendum essentially came down to and no amount of sticking your fingers in your ears and going 'lalalalalala!' is going to change that fact.

I just can't be bothered. It's like talking to a brick wall.