Pipe down

Peter Hargreaves is a shrewd business man but responsible for Billions of pounds of investor's money, including his own fortune.

Like a Turkey voting for Christmas he won't be advocating Brexit if he thought it would have a lasting negative effect on the stock market and ruin him financially.

He has a stake in this decision, unlike your so called experts that only have an opinion.

You casually disregard arguably the nation's most successful IFA and financial market commentator as not being relevant?

He is aware that the small people investing their pension funds have a lot at stake as a good deal of it is invested through his firm. He is probably more attuned to what Brexit or not will do to the economy than any one. He has outperformed market indices for over 30 years (much like Warren Buffet) and you only do that by having your finger on the pulse and not by reading economics theory books and listening to beardy sandal wearing ex-hippy lecturers at some former polytechnic college now granted Uni status.

Economists are ten a penny and change their forecasts like the wind and are not accountable to anybody. They regularly get them wrong, and always have the cop out that their assumptions didn't bear fruit. As in life itself economists will have different opinions and some will be more optimistic or pessimistic than others... just like weather reporters.

But to appease you (and you could have just simply googled it like I did but are obviously too lazy).....

[Link]

That is a link to the Wall St Journal with an article that states the pro Brexit case and lists the "Economists" that support that view. I have already stated that Nigel Lawson is pro Brexit too.

But as I said, Economists are ten a penny and I would rather listen to the King of IFA's being an ex practising IFA myself (although having retired at 50 financially secure due to my knowledge of markets and economic cycles at the sharp end for over 40 years) as opposed to some number crunching boffin with a degree spouting Keynes and other financial theorists claiming to be experts.... or worse, numpties like Robert Peston on our TV screens spouting bollocks.

Yeah Dan.... you know me... no stranger to controversy.

I still judge the nation's prosperity by how many cars are in the local gastro-pub car park and how much scaffolding I see as I drive to said pub.

Economics is not a science in my eyes and certain experts should be made to stake their own wealth on the forecasts they make as opposed to making them without fear of failure and loss of unwarranted credibility that they enjoy right now.

I like guys like Martin Lewis though who can give practical help to actual money problems.

I just hate Peston and other BBC journalists like Kamal Ahmed... plonkers who've no real idea about the economy and just use buzz words and phrases.

If I knew this debate was going to deteriorate into "My dad is bigger than your dad" I wouldn't have bothered participating.

And to discount someone's opinion because they are old and white shows you to be a bigot.

And for your information Hargreaves and other registered IFA's have had to pass testing industry examinations over the years that together with actual experience equates to financial degrees offered by many Uni's these days. The changing legislation, taxation, documentation and working practice in the field of just pensions alone since 1972, when I joined the industry, would make the sharpest minds boggle.

A degree in economics these days is as much use as having one in textiles, media studies or top trumps.... most will pass with a 2.2 and end up flipping burgers and not paying back their student loans. A GCE A level in Hargreaves day would be far superior to today's degree course with it's multi-choice format and help from tutors, not to mention cribbing from the internet.

You could say all of that.... and you have!

I could say that Obama's speech on Brexit was written for him by Cameron - and explain why Obama uses the term "queue"... whereas it is usual for Americans to use the term "line".

If you recall my arguments are not about the economy as I believe it could go either way.

You and your new found friend claiming to be an economist (unbelievably with no access to the Wall Street Journal website) keep banging on about the economy.

My fears are about limited space in the UK for further mass immigration that will surely follow a decision to remain in EU especially when Turkey join the fray, but you keep bringing up economic queries.

Have you answered my Sharia Law query yet (without referring to the economy) on the other thread Johnny?

Edited by Hoof Hearted (04 May 2016 12.47pm)