Uncle_Kenny Posted December 15, 2014 Share Posted December 15, 2014 Was broached on Sky Business last night that the biggest geopolitical risk to the world economy going forward was not Russia or indeed ISIL but the UK hell bent on an EU in out referendum and general political instability...the SNP, UKIP etc. This was from an economist who was an expert on world geopolitical dangers. After all we are the fifth or sixth largest economy and destabilising the world's biggest trading block the EU would go further than just our own borders. Had to mention this, because it has been a bit of a hobby horse of mine just lately. Ok Cameron's stance curries a lot of favour on here, and if Cameron manages to bring the world economy to its kness all the better for those wanting a black swan. Businessweek highlighting the dangers earlier this year...... http://www.businessweek.com/news/2014-09-29/u-dot-k-dot-risks-1974-redux-as-splintered-votes-hurt-stability The problem with all this nonsense is that geopolitical events, wars, recessions, stock market crashes etc are entirely random events that simply can't be predicted in advance. Read the financial press right now, you have things like "Goldman Sachs predicts oil prices sub $50 for six months" and so on. Did they predict the recent collapse in oil prices? Have they ever successfully predicted anything? NO! Who cares what anyone "predicts". These journalists and financial institutions put out meaningless drivel because it is their job to do so. Quote Link to comment Share on other sites More sharing options...
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