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Old 06-01-2017, 09:57 AM #1
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Default BoE Chief Economist: Brexit Prediction Was Our 'Michael Fish Moment'

well well....




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..
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