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by rlpb
3119 days ago
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> Why don't you try to refute my general point? I'm not arguing against you. I'm pointing out that you haven't made an argument. A claim with no documented basis is not an informed one, doesn't add anything to the debate and is useless to everyone involved. > And after some more research I can confirm the Treasury actually did predict an immediate crash. You are exactly 100% wrong. Again, you've failed to provide any citation for your claim. Until you provide a citation, readers should disregard your comments as if you haven't said anything. |
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https://amp.theguardian.com/business/2016/may/13/imf-warns-s...
'How bad could it get? Morgan Stanley warns British stocks could lose nearly 20 percent in a Brexit win scenario. Bank of America Merrill Lynch believes U.S. stocks could lose upwards of 7 percent. Citigroup sees European stocks down 20 percent. Deutsche Bank sees 10 percent downside risk.'
https://www.cbsnews.com/amp/news/could-brexit-vote-cause-a-s...
'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 hasn’t worked out that way. ..it is obvious that the sky has not fallen in as a result of the referendum, and those who said it would look a bit silly.'
https://www.theguardian.com/commentisfree/2016/aug/20/brexit...
'To the shock of many — not least business titans who bankrolled the Remain campaign — the instant collapse doesn’t seem to be happening.'
https://www.spectator.co.uk/2016/07/that-brexit-apocalypse-i...
Somehow I doubt you would be so scrupulous in asking for sources for generally known facts if they were not so inconvenient for your position. I'm also interested to know in what world you think 'immediate and profound economic shock' does not correspond with a stock market crash.