Carney does a u-turn!

ARandomMiser

Glen_Clark wrote: »

Osborne said that Brexit would drive up interest rates and drive down house prices - which probably backfired because lower house prices is what an increasing number of voters want, for their children if not themselves.
https://www.theguardian.com/business/2016/apr/15/george-osborne-says-brexit-will-drive-up-interest-rates't.

Well in 2-5 years time we can look back and see if he was correct.
So interest rates are 0.25% today, let us see what they are when brexit actually happens

bigfreddiel

Well yes, both sides are probably right, and it won't make any difference in the long run.


But BREXIT was right regardless. fj

JohnRo

Well in 2-5 years time we can look back and see if he was correct.

An optimist then. I hope your prediction is correct

But BREXIT was right regardless.

It hasn't even happened yet, whether it's 'right' or not is an abstract. The damage it does to the UK, governance and the economy is what will matter to most when all the myopic flag waving subsides and the new reality becomes clearer.

Thrugelmir

ARandomMiser wrote: »

Well in 2-5 years time we can look back and see if he was correct.
So interest rates are 0.25% today, let us see what they are when brexit actually happens

We are still in uncharted waters. Interest rates will return to normal. Irrespective of Brexit. Central banks have limited ammo left. Trade imbalance. Budget deficit. Pension crisis. Consumer indebtedness. Many mines lay in the road ahead.

ARandomMiser

Thrugelmir wrote: »

We are still in uncharted waters. Interest rates will return to normal. Irrespective of Brexit.

Getting the excuses in early I see If, in the post brexit era, they are higher, then the remain camp did not lie (which will put paid to another lie from the brexit camp).

Central banks have limited ammo left. Trade imbalance. Budget deficit. Pension crisis. Consumer indebtedness. Many mines lay in the road ahead.

I agree - brexit hasn't happened yet, it isn't even close to happening, we have not yet even defined what brexit actually means not to worry what replaces it.

Only a fool equates today as 'post brexit' or tries to equate what the remain camp said could happen based on today's economy. The only thing we do know for a fact is the brexit campaign was based on 99% lies and many in the electorate fell for it.

eskbanker

ARandomMiser wrote: »

The only thing we do know for a fact is the brexit campaign was based on 99% lies and many in the electorate fell for it.

Regardless of which side of the argument anybody is coming from, that sort of unsubstantiated hyperbole does nothing other than to polarise and antagonise, was it really worth trying to claim that as a fact?

atush

yes..............