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The Brexit Thread (LOCKED)
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 JohnyBoy  20 May 16 10.44am |
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Originally posted by Hoof Hearted
I said the majority of "Eminent Economists", not the IMF, BofE, Treasury and politicians Johnny. It is relevant because those eminent economists are sticking their nibs in now and predicting the same Armageddon. Just like betting on the Derby, people need to know the form of the runners and riders. Well in my experience there were some economists who supported the euro, some against - but all of those in favour i knew said only if the 5 economic conditions were met. I myself said it would be ridiculous to even consider until the conditions were satisfied so would be supportive of the bofe until that changed. I would agree that there were more economists talking the virtues of the euro (although certainly not advocating) than there are talking the virtues of brexit (because economically speaking there arnt any)
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| Hoof Hearted 20 May 16 11.55am | |
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Originally posted by JohnyBoy
Well in my experience there were some economists who supported the euro, some against - but all of those in favour i knew said only if the 5 economic conditions were met. I myself said it would be ridiculous to even consider until the conditions were satisfied so would be supportive of the bofe until that changed. I would agree that there were more economists talking the virtues of the euro (although certainly not advocating) than there are talking the virtues of brexit (because economically speaking there arnt any) Okay Johnny.... I'm signing off to go watch the cricket mate. Enjoy the weekend! COYP
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| JohnyBoy 20 May 16 12.25pm |
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Originally posted by Hoof Hearted
Okay Johnny.... I'm signing off to go watch the cricket mate. Enjoy the weekend! COYP You are so right again Hoof, there are much more enjoyable pastimes than scribbling on the HOL, think i will switch it on myself...... enjoy the cricket!
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| johnfirewall 20 May 16 2.07pm |
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Bill Gates is another giving his name to the remain campaign, which is convenient, as the EU have funded a lot of the causes also supported by the Bill and Melinda Gates foundation.
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| nickgusset Shizzlehurst 20 May 16 2.39pm |
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Originally posted by Hoof Hearted
I said the majority of "Eminent Economists", not the IMF, BofE, Treasury and politicians Johnny. It is relevant because those eminent economists are sticking their nibs in now and predicting the same Armageddon. Just like betting on the Derby, people need to know the form of the runners and riders.
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| JohnyBoy 20 May 16 4.05pm |
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Originally posted by nickgusset
If you look this up Nick, i think you will find that the IMF, OECD and many economists (including The Economist) warned of a uk housing bubble in 2005 all the way up to the financial crisis in 2008. It also warned of an $800bn debt exposure in US subprime mortgages which was IMO the most scary thing of all. Things started to unravel in q42007 but Mervyn King (according to MPC member David Blanchflower) did not acknowledge there was a serious problem until the summer of 2008 i.e. not long before Lehmans collapse. When questioned about this by the select committee King said that he didnt want to talk the economy down or scare people into an economic decline, which means he was a soothsayer or a fireman telling everyone to go back into the building even though the fire was out of control. Personally i think he shouldve got the bullet but in the spirit of fairness he did an ok job alongside the fiscal policies of Gordon Brown to help us avoid a depression....but make no mistake, economists had clearly warned about the financial crisis atleast 2 years before it happened and i think the BofE has learned a very valuable lesson not to be a soothsayer when there is an economic bomb about to go off....hence Carneys announcement last week about the economic consequences of brexit.
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| DivingIsNotGood se25 21 May 16 7.29am |
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Originally posted by JohnyBoy
If you look this up Nick, i think you will find that the IMF, OECD and many economists (including The Economist) warned of a uk housing bubble in 2005 all the way up to the financial crisis in 2008. It also warned of an 0bn debt exposure in US subprime mortgages which was IMO the most scary thing of all. Things started to unravel in q42007 but Mervyn King (according to MPC member David Blanchflower) did not acknowledge there was a serious problem until the summer of 2008 i.e. not long before Lehmans collapse. When questioned about this by the select committee King said that he didnt want to talk the economy down or scare people into an economic decline, which means he was a soothsayer or a fireman telling everyone to go back into the building even though the fire was out of control. Personally i think he shouldve got the bullet but in the spirit of fairness he did an ok job alongside the fiscal policies of Gordon Brown to help us avoid a depression....but make no mistake, economists had clearly warned about the financial crisis atleast 2 years before it happened and i think the BofE has learned a very valuable lesson not to be a soothsayer when there is an economic bomb about to go off....hence Carneys announcement last week about the economic consequences of brexit. The Big Short - if you haven't seen it, it's a must [Link] A house market crash is coming, nothing at all to do with EU referendum. The vote will be used as an excuse just like the sub-prime was blamed for the last recession but the truth is we are going to see a monumental housing crisis with many losing their homes!
VOTING OUT - Brexit will allow Britain to embrace the Commonwealth and be GREAT again |
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| JohnyBoy 21 May 16 8.00am |
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Originally posted by DivingIsNotGood
The Big Short - if you haven't seen it, it's a must [Link] A house market crash is coming, nothing at all to do with EU referendum. The vote will be used as an excuse just like the sub-prime was blamed for the last recession but the truth is we are going to see a monumental housing crisis with many losing their homes! I would agree with you on your first poin diving - the big short - best film i've seen this year, and the book is good too
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-TUX-  Alphabettispaghetti 21 May 16 8.52am |
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Originally posted by DivingIsNotGood
The Big Short - if you haven't seen it, it's a must [Link] A house market crash is coming, nothing at all to do with EU referendum. The vote will be used as an excuse just like the sub-prime was blamed for the last recession but the truth is we are going to see a monumental housing crisis with many losing their homes! Agreed.
Time to move forward together. |
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| Hoof Hearted 21 May 16 9.20am | |
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Amnesty for Today....... Lets all get together.... Red and Blue COME ON YOU PALACE........
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| JohnyBoy 22 May 16 4.20pm |
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Originally posted by Hoof Hearted
Amnesty for Today....... Lets all get together.... Red and Blue COME ON YOU PALACE........
So is our great truce over yet? because i need a focus again after the disappointment of yesterday. I tried a couple of beers last night and this morning went to church for some divine intervention...but the hurt is still there. I reckon we need to start beating the cyber bejaysus out of each other again on the eu referendum so please cucking, hoof, danny, davemonkey...can u please shoot me down and spout some misleading bolash again to make us all feel better.
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| DivingIsNotGood se25 24 May 16 11.26am |
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You should all watch this week's question time, Paul Mason economist launched a furious attack on the “crazed right-wing Conservatives" guess who came out on top?
VOTING OUT - Brexit will allow Britain to embrace the Commonwealth and be GREAT again |
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