Why are the stock markets so stable right now?

sevenhills

Millyonare said

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Not sure the BoE said Britain would crash, they said sterling and GDP would fall, they did.

Hexane

sevenhills said:

Millyonare said

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Not sure the BoE said Britain would crash, they said sterling and GDP would fall, they did.

They also said that the UK would be at a long term disadvantage.

Oh, that's three out of three then.

adindas

Millyonare said:

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Many people are blaming Brexit for the current economic condition.
Based on June 2022 inflation figures, there are many countries in the Euro-zones and EU and are worse than the UK:
Eurozone: Estonia 21.9% ; Lithuania 21%; Latvia 19.3; Slovakia 13.2%; Greece 12.1%
Not to mention other countries in the EU: Czech Republic 17.2% ;Bulgaria 16.9%; Poland 15.5%; Romania 15.05%; Croatia 12.1; etc
https://tradingeconomics.com/country-list/inflation-rate?continent=europe

Millyonare

sevenhills said:

Millyonare said

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Not sure the BoE said Britain would crash, they said sterling and GDP would fall, they did.

The BoE itself has apologised publicly several times for its repeated forecasting failures... The 2008 Great Recession, 2016 Brexit, 2021 inflation, the list of failures and misses this century is huge. Below is just one example (of many).

The recent BoE forecast of a big 18-month UK recession in 2022-2024 looks to me like yet another blooper by the Bank.

https://www.theguardian.com/business/2017/jan/05/chief-economist-of-bank-of-england-admits-errors

thegentleway

adindas said:

Millyonare said:

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Many people are blaming Brexit for the current economic condition.

Based on June 2022 inflation figures, there are many countries in the Euro-zones and EU and are worse than the UK:
Eurozone: Estonia 21.9% ; Lithuania 21%; Latvia 19.3; Slovakia 13.2%; Greece 12.1%
Not to mention other countries in the EU: Czech Republic 17.2% ;Bulgaria 16.9%; Poland 15.5%; Romania 15.05%; Croatia 12.1; etc

https://tradingeconomics.com/country-list/inflation-rate?continent=europe

It’s a bit silly to compare the 6th largest economy in the world to countries who aren’t even in the G20 (apart from Russia)

adindas

thegentleway said:

adindas said:

Millyonare said:

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Many people are blaming Brexit for the current economic condition.

Based on June 2022 inflation figures, there are many countries in the Euro-zones and EU and are worse than the UK:
Eurozone: Estonia 21.9% ; Lithuania 21%; Latvia 19.3; Slovakia 13.2%; Greece 12.1%
Not to mention other countries in the EU: Czech Republic 17.2% ;Bulgaria 16.9%; Poland 15.5%; Romania 15.05%; Croatia 12.1; etc

https://tradingeconomics.com/country-list/inflation-rate?continent=europe

It’s a bit silly to compare the 6th largest economy in the world to countries who aren’t even in the G20 (apart from Russia)

The Brexit discussion whether Brexit is the cause of current economic slow down has been going on on many threads in the past and now been deleted by the mods. The above data just shows that the inflation fear of recession, does not just happen in the UK but almost every country experience it, even the largest economy in the world, the US.

At the end noone could convince the other party whether Brexit is right or wrong. Whether the current economic downturn are caused by Brexit.

If you are interested in this topics there are various spaces in quota where the discussion about this keep continuing.

thegentleway

adindas said:

thegentleway said:

adindas said:

Millyonare said:

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Many people are blaming Brexit for the current economic condition.

Based on June 2022 inflation figures, there are many countries in the Euro-zones and EU and are worse than the UK:
Eurozone: Estonia 21.9% ; Lithuania 21%; Latvia 19.3; Slovakia 13.2%; Greece 12.1%
Not to mention other countries in the EU: Czech Republic 17.2% ;Bulgaria 16.9%; Poland 15.5%; Romania 15.05%; Croatia 12.1; etc

https://tradingeconomics.com/country-list/inflation-rate?continent=europe

It’s a bit silly to compare the 6th largest economy in the world to countries who aren’t even in the G20 (apart from Russia)

The Brexit discussion whether Brexit is the cause of current economic slow down has been going on on many threads in the past and now been deleted by the mods. The above data just shows that the inflation fear of recession, does not just happen in the UK but almost every country experience it, even the largest economy in the world, the US.

At the end noone could convince the other party whether Brexit is right or wrong. Whether the current economic downturn are caused by Brexit.

If you are interested in this topics there are various spaces in quota where the discussion about this keep continuing.

Brexit isn’t the cause. But UK has worth growth and worst inflation in G20 (except Russia) so you can draw your own conclusions.

Brexit may be beneficial in the long term but it’s pretty clear that currently it’s having a negative impact on our economy and immediate economic outlook. 

adindas

thegentleway said:

adindas said:

thegentleway said:

adindas said:

Millyonare said:

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Many people are blaming Brexit for the current economic condition.

Based on June 2022 inflation figures, there are many countries in the Euro-zones and EU and are worse than the UK:
Eurozone: Estonia 21.9% ; Lithuania 21%; Latvia 19.3; Slovakia 13.2%; Greece 12.1%
Not to mention other countries in the EU: Czech Republic 17.2% ;Bulgaria 16.9%; Poland 15.5%; Romania 15.05%; Croatia 12.1; etc

https://tradingeconomics.com/country-list/inflation-rate?continent=europe

It’s a bit silly to compare the 6th largest economy in the world to countries who aren’t even in the G20 (apart from Russia)

The Brexit discussion whether Brexit is the cause of current economic slow down has been going on on many threads in the past and now been deleted by the mods. The above data just shows that the inflation fear of recession, does not just happen in the UK but almost every country experience it, even the largest economy in the world, the US.

At the end noone could convince the other party whether Brexit is right or wrong. Whether the current economic downturn are caused by Brexit.

If you are interested in this topics there are various spaces in quota where the discussion about this keep continuing.

Brexit isn’t the cause. But UK has worth growth and worst inflation in G20 (except Russia) so you can draw your own conclusions.

Brexit may be beneficial in the long term but it’s pretty clear that currently it’s having a negative impact on our economy and immediate economic outlook. 

Indeed I draw conclusion, but my conclusion is not necessarily the same with yours. People level of knowledge of economy, inflationary rate, stock market are not necessarily the same. If it is just about looking figures people could easily say two is greater than one. But about economy, inflationary rate, how to compare it, people could see from different perspectives. People see the same figures in the stock market. The stock market is ,the topics on this thread  but some people make money, while some people lose money from analysing those figures.

There are hundreds of pages, from few threads in the past and got deleted by the mods.The new debate on this might be another hundred pages and will be getting deleted again

As I said before if you are interested in this topics there are a lot of spaces in "quora" that you could search by yourself.

Millyonare

adindas said:

thegentleway said:

adindas said:

thegentleway said:

adindas said:

Millyonare said:

It said Britain would crash after Brexit in 2016 -- it didn't. It said inflation was transitory in 2021 -- it wasn't. It now wants to talk down Britain and says there will be a mega recession in 2023 -- many bet there won't be.

Many people are blaming Brexit for the current economic condition.

Based on June 2022 inflation figures, there are many countries in the Euro-zones and EU and are worse than the UK:
Eurozone: Estonia 21.9% ; Lithuania 21%; Latvia 19.3; Slovakia 13.2%; Greece 12.1%
Not to mention other countries in the EU: Czech Republic 17.2% ;Bulgaria 16.9%; Poland 15.5%; Romania 15.05%; Croatia 12.1; etc

https://tradingeconomics.com/country-list/inflation-rate?continent=europe

It’s a bit silly to compare the 6th largest economy in the world to countries who aren’t even in the G20 (apart from Russia)

The Brexit discussion whether Brexit is the cause of current economic slow down has been going on on many threads in the past and now been deleted by the mods. The above data just shows that the inflation fear of recession, does not just happen in the UK but almost every country experience it, even the largest economy in the world, the US.

At the end noone could convince the other party whether Brexit is right or wrong. Whether the current economic downturn are caused by Brexit.

If you are interested in this topics there are various spaces in quota where the discussion about this keep continuing.

Brexit isn’t the cause. But UK has worst growth and worst inflation in G20 (except Russia) so you can draw your own conclusions.

Brexit may be beneficial in the long term but it’s pretty clear that currently it’s having a negative impact on our economy and immediate economic outlook. 

Indeed I draw, but my conclusion is not necessarily the same with yours. People level of knowledge of economy, inflation rate are not necessarily the same. If it is just about looking figures people could easily say two is greater than one. But about economy, inflationary rate people could see from different perspectives. There are hundreds of pages, from few threads in the past and got deleted by the mods.The new debate on this might be another hundred pages and will be getting deleted again

As I said before As I said before if you are interested in this topics there are a lot of spaces in "quora" that you could search by yourself.

GDP YoY growth in Q2 2022...

UK = +4%
Germany = +2%
US = -1%

masonic

Taking a year in isolation paints a misleading picture. UK seems to be lagging other countries. It fell deepest for longest during the pandemic, but GDP growth over the past 5 years isn't the worst. From what I've seen, it is BoE forecasts that put it as the worst going forward. We shall see what actually happens, but if you don't think the BoE has a very good record, you'll probably not pay much attention to their predictions.