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  1. D

    Brexit, for once some facts.

    Incidentally there was documentary on viz comics on radio 4 earlier, it was so funny I struggled to control car while driving home from work, in case anyone needs an escape from brexit,enormously politically and incorrect,but literally funniest satire I've heard in years
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    Brexit, for once some facts.

    I'm hoping for a brief hard lesson that doesn't do terminal damage. Already as I hear brexiters on the forum and elsewhere anxiously reasure themselves that it won't be that bad, or confabulating "reasons" why all will be OK I can feel the sentiment and goalposts shifting.
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    Brexit, for once some facts.

    In the real world inflation will go up,lots,because of depreciating pound. Eventually,kicking and screaming,BoE will raise interest rates,lots. Whoever is in power then will go,like Tories in 90's. However,I'll look after that suitcase of dollars,pre brexit or not. I know a place where it will...
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    Brexit, for once some facts.

    Interest rates will not go negative in UK,BoE officially said this,What do you mean with toxic debt?
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    Brexit, for once some facts.

    Overseas investors are not monsters. Many of these alleged monsters are pension funds,who fund capital projects,for governments,to provide services to the public. As an aside much of that is freezing because they have deficits caused in part by UK government bonds yields falling to new lows as a...
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    Brexit, for once some facts.

    Yes,the one thing you do not do when as the governor of the bank of England says "you rely on the kindness of strangers" I.e. overseas investors is to tell them to fuk off. That in a nutshell is what you did when you voted leave. You told those funding the massive overdraft of the UK's under...
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    Brexit, for once some facts.

    No, the current account t deficit was always a problem plugged by offshore investment (think commercial property funds, yes the same that blocked withdrawals). Overseas investors are withdrawing. Really you brexiters are the living proof that the UK would be an amoebic dogs breakfast without...
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    Brexit, for once some facts.

    You make too many assumptions, about the economy, pound, and even me. Theres a principle called occam's razor in the philosophy of science thats about the relationship begeeen the number of premises supporting a hypothesis and its likely validity. I enjoy investing,have done it for years,its why...
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    Brexit, for once some facts.

    I voted remain on the basis of what I believe in, and some very simple fundamental macroeconomics (current account deficit, fiscal deficit,fact that most UK exports are services, to the EU). Frankly it doesn't take an economist to see brexit is a very bad idea. Other than some misplaced...
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    Brexit, for once some facts.

    what can i say brendan. ive left the playground youre in, in which its about name calling and patronising and dismissal of views one does not understand behind, some time ago. You and Tillson's problem, i think, is that you dont read much, at all. You disregard the world of evidence and...
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    Brexit, for once some facts.

    certainly many leave voters sound marginally less informed than holly, from manchester, in briefs
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    Brexit, for once some facts.

    people, me included, do. the fact that im asked by a leave voter to explain per capita income may hint at why we are wher ewe are as a country, no? if you look at my posts youll se most are me saying what i feel. but, aside form that, i wonder whetehr leave voters read anything other than page 3...
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    Brexit, for once some facts.

    i guess i am, in a sense. i think in the cold light of day we are all learning a great deal we didnt know from brexit, and we are all unfortunately also waking up to something very bad, that can hopefully be avoided.
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    Brexit, for once some facts.

    no, i do not need to patronise anyone. I also dont need to prove anything. That isnt what brexit is about. it is about the most significant damage done by teh most uninformed UK voters to themselves and others since world war two. Read the article. It's a good one, written by much cleverer...
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    Brexit, for once some facts.

    http://cep.lse.ac.uk/pubs/download/brexit02.pdf have aread, it's quite brief - 9.5% decrease in per capita income short term..
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    Brexit, for once some facts.

    if various leaders in the EU made the kind of xenophobic noises our government has (whether individually or collectively), we'd be upset. Aside from that it doesnt matter whether "we or the government got the message that leave means leave". Overseas investors (who have kept UK out of very deep...
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    Brexit, for once some facts.

    well, a week ago that wasnt clear, with May sounding off about using eu nationals as bargaining chips. And even if that is clear, how would the uk have responded if the eu chose to control future movement of uk nationals there? woudl the uk government then feel grateful if the eu rescinded and...
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    Brexit, for once some facts.

    but the uk voted brexit - to a very large extent - as an objection to free movement of peopel from te eu. how woudl teh uk have responoded if teh eu voted to expel the uk because it didnt want uk citizens to freely travel there? not very kindly i imagine.
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    Brexit, for once some facts.

    well, theyre not the ones that chose to change the relationship. and expelling EU nationals would, ito the economy, be choosing to blow the other foot off with the same brexit shotgun. if the pound keeps falling i wouldnt bank on eu nationals wanting to be here. but i wonder how far removed this...
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    Brexit, for once some facts.

    i'm no economist, and macroeconomics can be boring, i know, but there' ssome very fundamental economics at work with brexit that point towards a very crap time for all, for at least five years, followed by crawling out of the desert and who knows what. i was listening to leadsom expounding on...