Brexit the economy and house prices part 6

Moby

ukcarper wrote: »

As far as I can see that's the way this thread is progressing any good news is jumped on by leave supporters any bad news is jumped on by remain supporters. To me both sides see things in black and white where in truth it's shades of grey.

Very true....there is little common ground.

andrewf75

ukcarper wrote: »

As far as I can see that's the way this thread is progressing any good news is jumped on by leave supporters any bad news is jumped on by remain supporters. To me both sides see things in black and white where in truth it's shades of grey.

There is also some irony in the way people are still obsessed with the chasing of ever more unsustainable growth, when that itself is at the root of so many problems.

Herzlos

Rinoa wrote: »

Must be heartbreaking for remainers. :rotfl:

Why would it be heartbreaking for remainers? What's heartbreaking is watching our country continue to shoot itself in the foot to placate people who voted for something that was sold to them based on a pile of lies. That no-one seems to want to go on record saying Brexit will be a good thing (I think all of the lead Leave campaigners have admitted it'll be bad), but us ploughing on with it anyway in some futile attempt to keep the Tory party from tearing itself apart.


That one quarters growth figure is better than the Eurozone is neither here nor there - a poor Eurozone still bodes badly for us since they are our largest trading partner.


Brexit is going badly, though we'd love to be proven wrong and have to eat our words in the sunny uplands of a prosperous UK out of the EU, but if even Farage and Banks are saying it was a mistake then, well, who have you got left to cheerlead?

Eric_the_half_a_bee

What's heartbreaking is watching our country continue to shoot itself in the foot to placate people who voted for something that was sold to them based on a pile of lies.

That no-one seems to want to go on record saying Brexit will be a good thing (I think all of the lead Leave campaigners have admitted it'll be bad)

The irony...

Daniel54

Tromking wrote: »

When I voted to Leave it wasn’t because I was duped by lies, it was because I had firmly held concerns re. the democratic deficit incumbent in some EU institutions and a desire to end the suppression of wages caused by unfettered inward EU migration.[

/QUOTE]

The Migration Advisory Committee final report found little if any evidence that wages are suppressed by inward migration

"In terms of wages the existing evidence and the analysis we present in the report suggests that migration is not a major determinate of the wages of UK- born workers. We found some evidence suggesting that lower-skilled workers face a negative impact while higher-skilled workers benefit, however the magnitude of the impacts are generally small."

Full report can be read here

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/741926/Final_EEA_report.PDF

Thrugelmir

andrewf75 wrote: »

There is also some irony in the way people are still obsessed with the chasing of ever more unsustainable growth, when that itself is at the root of so many problems.

That's the economics of post war management. Inflation is the politicians friend. Does the heavy lifting. While picking peoples pockets.

Reminds me of a great read.

How an Economy Grows and Why It Crashes - Schiff and Schiff.

Debunks the whole myth of GDP being the holy grail.

StevieJ

Thrugelmir wrote: »

That's the economics of post war management. Inflation is the politicians friend. Does the heavy lifting. While picking peoples pockets.

Reminds me of a great read.

How an Economy Grows and Why It Crashes - Schiff and Schiff.

Debunks the whole myth of GDP being the holy grail.

Not heard from him for a while, was he the buy gold and sell dollar guy idolized by the crazies on here a few years back? I think they called him The Schiffster.

Thrugelmir

StevieJ wrote: »

Not heard from him for a while, was he the buy gold and sell dollar guy idolized by the crazies on here a few years back? I think they called him The Schiffster.

Both are still around in the investment world I believe. Very much in the Austrian school of economics club.

Tromking

Jo Johnson, Minister for transport and London just resigned from the Government. He cites the need for another referendum as TM’s deal is a such a sh*tshow. This for me all feels remarkably staged now, I sense another referendum in the new year.

Thrugelmir

Tromking wrote: »

Jo Johnson, Minister for transport and London just resigned from the Government. He cites the need for another referendum as TM’s deal is a such a sh*tshow. This for me all feels remarkably staged now, I sense another referendum in the new year.

I doubt that he'll be missed as only a junior minister. Why is his single view any more important than ours. After all he is after all just a person.