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whatthehey

(3,660 posts)
6. Well it's certainly going to hit UK businesses
Fri Jun 24, 2016, 10:53 AM
Jun 2016

A few points of GDP is likely. But yes it's a panic that, say, Barclays is 25% less valuable than yesterday. The US impact will be much smaller. Minor drop in exports to the UK as the pound is worth less and Brits have fewer of them but no dramatic impact. It's not like the British will absolutely stop seeing Hollywood movies or using soybeans.

Have you read all the predictions by economist prior to this vote? La Lioness Priyanka Jun 2016 #1
Same economists who..... Armstead Jun 2016 #5
Actually most academic economists are pretty left leaning La Lioness Priyanka Jun 2016 #11
One would think that after all this time economists would have gotten something right, huh? cherokeeprogressive Jun 2016 #24
ofcourse problems get more complex. we live in a complex where everyday we add more and more La Lioness Priyanka Jun 2016 #34
Depends on how one defines left-leaning Armstead Jun 2016 #27
Just cos he refutes sanders arguments doesn't make him wrong or thin skinned La Lioness Priyanka Jun 2016 #33
Most economists are center-left Neo-Keynesians. Odin2005 Jun 2016 #31
It's got potential serious consequences Spider Jerusalem Jun 2016 #2
Just another good excuse to crash the market! Silver_Witch Jun 2016 #3
It signals a recreation of a nationalistic Europe and all the problems that led to WWII rising again libtodeath Jun 2016 #4
+1, it started with BRITAIN!!! uponit7771 Jun 2016 #7
That is the thing that strikes the most fear into my heart. Odin2005 Jun 2016 #32
Well it's certainly going to hit UK businesses whatthehey Jun 2016 #6
The basic outcome is that Britons will be poorer, which is going to be pretty bad for the world Recursion Jun 2016 #8
Why would they be poorer? Are the people who consume British goods and services suddenly Nuclear Unicorn Jun 2016 #9
Several reasons. The big number one is that immigration will drop Recursion Jun 2016 #10
If there is a labor shortage wages will rise. Nuclear Unicorn Jun 2016 #13
Well atleast in part because they just decided to break away La Lioness Priyanka Jun 2016 #12
Consumer demand on either side hasn't changed. Is the EU going to impose an embargo? Nuclear Unicorn Jun 2016 #14
There is nothing so unique to British goods that cannot be replicated in the rest of Europe La Lioness Priyanka Jun 2016 #16
Why would that happen? Those making these predictions are speaking for a very diverse Nuclear Unicorn Jun 2016 #17
There was an OP last night about how the Brits should be made to suffer for their impertinence. cherokeeprogressive Jun 2016 #25
All those who claim to worry so much about the UK economy are free to Nuclear Unicorn Jun 2016 #26
Forget trade for a moment, what about the subsidies the U.K. received from the EU? Humanist_Activist Jun 2016 #29
Their stock market just crashed. Their pension funds are worth even less now. randome Jun 2016 #15
It won't stay that way. People act as if this is the final round and we have to compare scores. Nuclear Unicorn Jun 2016 #18
If Brexit stands, I think it will be a long time before Britain recovers, if it ever does. randome Jun 2016 #19
The EU is little more than a giant currency manipulation scheme. It's nothing Nuclear Unicorn Jun 2016 #22
Bingo. TexasMommaWithAHat Jun 2016 #28
That shows how little you know about the EU. n/t Humanist_Activist Jun 2016 #30
Wow, that's probably the most wrong thing I've read on this Recursion Jun 2016 #38
I think you are right treestar Jun 2016 #20
It was a victory for the right wing, which backed it. greatauntoftriplets Jun 2016 #21
If I considered them competent leadership that could be a valid point. Nuclear Unicorn Jun 2016 #23
The Financial Markets... Xolodno Jun 2016 #35
it doesn't matter if it's 'much ado about nothing' it's happening. spanone Jun 2016 #36
Ah, unicorns.... Hekate Jun 2016 #37
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