Brexit Armageddon was a terrifying vision – but it simply hasn’t happened

[bripat9643]

keep this in mind whenever Dims are blubbering about the catastrophe that will occur if some the government is shut down for a few weeks or some spending bill doesn't get passed. They lie.

Brexit Armageddon was a terrifying vision – but it simply hasn’t happened | Larry Elliott​

Unemployment would rocket. Tumbleweed would billow through deserted high streets. Share prices would crash. The government would struggle to find buyers for UK bonds. Financial markets would be in meltdown. Britain would be plunged instantly into another deep recession.


Remember all that? It was hard to avoid the doom and gloom, not just in the weeks leading up to the referendum, but in those immediately after it. Many of those who voted remain comforted themselves with the certain knowledge that those who had voted for Brexit would suffer a bad case of buyer’s remorse.


It hasn’t worked out that way. The 1.4% jump in retail sales in July showed that consumers have not stopped spending, and seem to be more influenced by the weather than they are by fear of the consequences of what happened on 23 June. Retailers are licking their lips in anticipation of an Olympics feelgood factor.


The financial markets are serene. Share prices are close to a record high, and fears that companies would find it difficult and expensive to borrow have proved wide of the mark. Far from dumping UK government gilts, pension funds and insurance companies have been keen to hold on to them.


City economists had predicted an immediate rise in the claimant count measure of unemployment in July. That hasn’t happened either. This week’s figures show that instead of a 9,000 rise, there was an 8,600 drop.​

 

[Norman]

Wait... did someone actually take the Armageddon rhetoric seriously?

These are the same people who think Trump will establish concentration camps... they have no real information content to offer, and never will.

 

[imawhosure]

keep this in mind whenever Dims are blubbering about the catastrophe that will occur if some the government is shut down for a few weeks or some spending bill doesn't get passed. They lie.

Brexit Armageddon was a terrifying vision – but it simply hasn’t happened | Larry Elliott​

Unemployment would rocket. Tumbleweed would billow through deserted high streets. Share prices would crash. The government would struggle to find buyers for UK bonds. Financial markets would be in meltdown. Britain would be plunged instantly into another deep recession.


Remember all that? It was hard to avoid the doom and gloom, not just in the weeks leading up to the referendum, but in those immediately after it. Many of those who voted remain comforted themselves with the certain knowledge that those who had voted for Brexit would suffer a bad case of buyer’s remorse.


It hasn’t worked out that way. The 1.4% jump in retail sales in July showed that consumers have not stopped spending, and seem to be more influenced by the weather than they are by fear of the consequences of what happened on 23 June. Retailers are licking their lips in anticipation of an Olympics feelgood factor.


The financial markets are serene. Share prices are close to a record high, and fears that companies would find it difficult and expensive to borrow have proved wide of the mark. Far from dumping UK government gilts, pension funds and insurance companies have been keen to hold on to them.


City economists had predicted an immediate rise in the claimant count measure of unemployment in July. That hasn’t happened either. This week’s figures show that instead of a 9,000 rise, there was an 8,600 drop.​

Wait... did someone actually take the Armageddon rhetoric seriously?

These are the same people who think Trump will establish concentration camps... they have no real information content to offer, and never will.

Wait, wait! Are you telling everyone on this board that the liberals who want a global hierarchy were wrong! That as usual, they never let anything go to waste and tried to paint a the bleakest picture they could to keep the status quo where they had the most power! Maybe all the "central planning" lefties on this board should explain how they, Obysmal, and the rest of their like minded pointy heads got it wrong.

Nothing to see here, correct lefties, lol. You have been caught again using propaganda to achieve your nirvana, which means this thread will die a fast death as you would rather discuss what Trump said in passing, then discuss what your leaders stated as fact, that has turned out to be a bunch of lefty lies.

 

[Tehon]

Without an actual Brexit it is hard to say how employment might be affected or how the markets will react if it actually happens.

 

[easyt65]

Fear-mongering - the preferred 'weapon' of globalists and liberals everywhere...

 

[Decus]

Wait until the negotiations with the EU starts. The real impact of Brexit will be based on what the UK can get the EU to agree to. The UK is so concerned that they get much needed concessions that they have yet to initiate the separation process.

.

 

[easyt65]

The UK must be made an example of by the Globalists, to show the world what happens when you put your own nation's concerns above those of the 'collective'. There will be repercussions...