John The Pessimist Posted August 18, 2016 Share Posted August 18, 2016 The great 'Post Brexit Collapse' has been averted according to Moody's, the stock market soothsayers. http://www.telegraph.co.uk/business/2016/08/17/uk-to-avoid-recession-and-world-economy-to-stabilise-as-brexit-s/ It begs the question, which other 'truths' supported by the vast majority of experts are also untrue? Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 18, 2016 Share Posted August 18, 2016 UK to miss recession - blame it on Brexit, I mean, blame it on the fact we're still in the EU - yeah, that must be it! Quote Link to comment Share on other sites More sharing options...
GloomMonger Posted August 18, 2016 Share Posted August 18, 2016 Brexit hasn't happened yet. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 18, 2016 Share Posted August 18, 2016 Money printing and even lower interest rates to keep house prices up. Quote Link to comment Share on other sites More sharing options...
StainlessSteelCat Posted August 18, 2016 Share Posted August 18, 2016 (edited) How we can miss something we're still in the middle of? The 2008 recession never ended - and Brexit vote != Brexit. Edited August 18, 2016 by StainlessSteelCat Quote Link to comment Share on other sites More sharing options...
Blod Posted August 18, 2016 Share Posted August 18, 2016 Brexit hasn't happened yet. That was obvious to Remain yet they still pumped out lie after lie. They simple could not help themselves, they painted a picture of leaving the EU as being implemented immediately and in totality. You could see the holes in their position from the fact that they conflated any lines put out by Leave. Even sovereignty would be denied if we dared Brexit. It's for that reason we now have the snowflake millennial remoaners in depression. They are everywhere glass half empty crying into their bear and still predicting disaster. You note they're still spending, booking holidays, and even buying that beer to cry into. Quote Link to comment Share on other sites More sharing options...
london_thirtythree Posted August 18, 2016 Share Posted August 18, 2016 To be fair this is being reported by the Telegraph which does pump out these Brexit-will-be-fine type articles as its their VI. Hopefully it is right though, and we do avoid a recession. Then again if we manage Brexit, removal of Mortgage Relief and additional Stamp Duty on 2nd properties without some kind of meaningful correction in house prices - would be pretty depressing. Quote Link to comment Share on other sites More sharing options...
MrXxx Posted August 18, 2016 Share Posted August 18, 2016 So it appears that the 'experts' predict financial disaster is created by (please place any incident of minor importance here), their 'friends' reaps the rewards when the marker tanks and recovers, the transfer of further wealth from the majority to the minority happens once again....'Rinse and repeat'.....well, the 'common people' are well and truly being 'rinsed' here and yet we let it happen again and again!....this is why I am now convinced early retirement is the best option.....OK, I won't be able to love like a king but at least I know my taxes won't be 'spent' (given) to support banks and feed the greedy. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 18, 2016 Share Posted August 18, 2016 Big Phil front-running his Autumn spending blow out? Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted August 18, 2016 Share Posted August 18, 2016 Uk retail sale are up 1.4% month on month , predicted 0.1% ...great do see those people responsible for predictions getting it wrong again Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted August 18, 2016 Share Posted August 18, 2016 Yes, I've found it all very odd, everyone being despondent, but my quarterly team sales numbers were up from $7m in 2015 to $11m for the same quarter 2016. Quote Link to comment Share on other sites More sharing options...
shindigger Posted August 18, 2016 Share Posted August 18, 2016 Big Phil front-running his Autumn spending blow out? What the bloody hell is he stood in front of? Satanic. Much. Quote Link to comment Share on other sites More sharing options...
shindigger Posted August 18, 2016 Share Posted August 18, 2016 Was in Waitrose nth Dorset today. Boomers literally not knowing how to spend fast enough. Place was crawling. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 18, 2016 Share Posted August 18, 2016 What the bloody hell is he stood in front of? Satanic. Much. It's an F-35. A weapon whose operational costs are expected to exceed Australia's annual GDP. http://www.theatlantic.com/national/archive/2011/03/the-f-35-a-weapon-that-costs-more-than-australia/72454/ Quote Link to comment Share on other sites More sharing options...
South Lorne Posted August 18, 2016 Share Posted August 18, 2016 Brexit hasn't happened yet. ...the perception and emotion from the stay losers have ...and that is more important...... Quote Link to comment Share on other sites More sharing options...
South Lorne Posted August 18, 2016 Share Posted August 18, 2016 Now that is the fact of the matter, we had what some called a painless recession LOL We have only put it off, so many still cannot see that and wonder why we cannot ever get back to normal. The only thing that keeps the UK going now is the constant adding to UK Plc credit card. ...other countries in the EU are teetering ....and worried we will not be around to bail them out........ Quote Link to comment Share on other sites More sharing options...
South Lorne Posted August 18, 2016 Share Posted August 18, 2016 The less reported figure is a staggering 5.9% year on year. Makes Carney et AL look stupid. This is a middle class and managerial recession of the mind as a result of groupthink and Project Fear. Expect to see those deferred buying and investment decisions to bounce back and new opportunities perceived in coming months. ..I'm not into this English thing called 'class'....replace 'This is a middle class and managerial' to 'This is the inept'............ Quote Link to comment Share on other sites More sharing options...
billybong Posted August 18, 2016 Share Posted August 18, 2016 Retail sales up - the miracle of Brexit. Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted August 19, 2016 Share Posted August 19, 2016 It's for that reason we now have the snowflake millennial remoaners in depression. They are everywhere glass half empty crying into their bear and still predicting disaster. You note they're still spending, booking holidays, and even buying that beer to cry into. Millenial here. I haven't had a proper holliday in two years. What I do is go to my parents during off-peak and couch potato all day. Minimum spending that way. Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted August 19, 2016 Share Posted August 19, 2016 It's an F-35. A weapon whose operational costs are expected to exceed Australia's annual GDP. http://www.theatlantic.com/national/archive/2011/03/the-f-35-a-weapon-that-costs-more-than-australia/72454/ The cost of the F35 is absolutely disgusting, you could have had a new ICBM programme, 2 or 3 nuclear submarines and a couple of tank programmes for that. I think what's happened is after the fall of Nazi Germany and the Soviet Union, America has not had a proper enemy to fight. So they are free to squander resources like they do. If a new real enemy (ISIS and the taliban don't really qualify) with a significant millitary, the States would have to manage the millitary budget more carefully to get value for money. Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted August 19, 2016 Share Posted August 19, 2016 What they pissed away on the F35 could have funded so much. Quote Link to comment Share on other sites More sharing options...
billybong Posted August 19, 2016 Share Posted August 19, 2016 There's never a shortage of money for their own pet projects. Quote Link to comment Share on other sites More sharing options...
FrankCostanza Posted August 19, 2016 Share Posted August 19, 2016 The cost of the F35 is absolutely disgusting, you could have had a new ICBM programme, 2 or 3 nuclear submarines and a couple of tank programmes for that. I think what's happened is after the fall of Nazi Germany and the Soviet Union, America has not had a proper enemy to fight. So they are free to squander resources like they do. If a new real enemy (ISIS and the taliban don't really qualify) with a significant millitary, the States would have to manage the millitary budget more carefully to get value for money. Who knows what they've got at Area 51 or other secret bases funded by black budget. They didn't reveal the stealth bomber for years after it was operational, that was decades ago. Quote Link to comment Share on other sites More sharing options...
trekking Posted August 19, 2016 Share Posted August 19, 2016 he was never seen as slimey as Blair. Even the slugs in my garden are not as slimy as Blair. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted August 19, 2016 Share Posted August 19, 2016 (edited) Thinking about the phrase "Miss Recession" perhaps its time to start an austerity beauty contest. Miss Recession UK is wearing a swimsuite from Primark and jewellery originally by Ratners which she was able to purchase on Ebay. She tells me that she moisturises her face with spent corn oil that she is able to source from the local KFC and lives with her parents in Croydon. Edited August 19, 2016 by Mikhail Liebenstein Quote Link to comment Share on other sites More sharing options...
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