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by Boothroid 3115 days ago
'Brexit would prompt stock market and house price crash, says IMF'

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.

1 comments

You said, above "And after some more research I can confirm the Treasury actually did predict an immediate crash"

But your links seem to be the opinions of others and not the Treasury.

Where in your "more research" have you found that the Treasury predicted a stock market crash? Or do you still not have any evidence for your claim?

OK so disregard the Treasury then if it makes you happy - my general point stands, despite your effort to split hairs - there was massive concerted lies and deceit from leave, and subsequent 'despite Brexit' stories from the BBC etc in their attempt to distract from the egg on their faces. Care to address the leave FUD directly? I suspect you've exhausted your rhetorical armoury by now.
> ...there was massive concerted lies and deceit from leave...

I assume you meant "remain" there. But in any case: from whom?

So far you've cited an American news network, financial institutions such as Morgan Stanley, Bank of America and Citigroup, and some UK journalists referencing hearsay. In what way did these commentators represent "leave" or "remain"?

On the other side you've got Leave.EU, an actual group campaigning to leave, misleading people with the NHS funding claim on their campaign bus.

You are conflating groups who actually actively campaigned for one side of the referendum with some random general groups who stated an opinion - some of whom are not even associated with the UK!

Of course you're going to be able to find some people who thought that bad things would happen; just as it is possible to find some people who thought that good things would happen. But the ability to find people who had some opinion is meaningless in any debate.

There's a long way to go from there to then claim that people who predicted bad things were "massive concerted lies and deceit" as if that's somehow equivalent to a campaign group misleading voters that at one point aimed to be the officially recognised electoral campaigners for the leave vote.

So no, your general point doesn't stand. You have not demonstrated FUD from the remain side.

Do you honestly believe there was no FUD from the remain side? If so you are obviously a troll or out of touch with reality. There literally hundreds of hits if you google brexit scaremongering or similar that reference scare tactics both within and outside of the UK, but no doubt you will refuse to accept that that proves anything either, so I wish you well with getting back in touch with the real world.
> > You have not demonstrated FUD from the remain side.

> Do you honestly believe there was no FUD from the remain side?

Do you really not understand the distinction between these two statements?

Stop avoiding the question: do you honestly believe there was not FUD from the remain side? I suggested you google brexit scaremongering to enlighten yourself. Did you do that? You are obviously a troll :)