Current Affairs EU In or Out

[Joey66]

The key word being ALSO, he wasn't comparing the brexit forecasts to Michael Fish - the end.

No two subjects one was BREXIT footlong my dear chap!

 

[Joey66]

The key word being ALSO, he wasn't comparing the brexit forecasts to Michael Fish - the end.

Get some glasses he was!

 

[Joey66]

The BoE was comparing the failure to predict the World wide crash of '08 with Michael Fish, not the brexit economic forecasts ffs.

Wrong!

 

[Dymak]

 

[DualityNSNO]

No two subjects one was BREXIT footlong my dear chap!

And what Footlong is saying is true, he's not comparing the Brexit forecast to the Michael Fish moment.

The 2008 crisis - yes.

Brexit - no.

It even says it in the linked article, right under the video at the top. To save you some time, it says this:
2008 crash was economists’ Michael Fish moment, says chief economist

 

[Foot Long Hot Dog]

Wrong!

Nope, that'll be you mate

 

[Foot Long Hot Dog]

Oh dear......is this really the best economic analysis the remainers can come up with........

Oh look yet another piss poor attempt at a patronising put down, and no challenge to the content

#standard

 

[Joey66]

Nope, that'll be you mate

nope it's you mate

 

[Joey66]

The key word being ALSO, he wasn't comparing the brexit forecasts to Michael Fish - the end.

ALSO in my eyes and what was reported on the main news was it was also the same type of clanger of a forecast - you just read what you want to read -
Bank of England admits 'Michael Fish' moment with dire Brexit predictions -
http://www.telegraph.co.uk/news/201...-michael-fish-moment-dire-brexit-predictions/
now argue your way out of that?
you can cue up to apologise in any order will be acceptedlol

 

[Old Blue 2]

particularly as inflation starts to rise during 2017

The idea that we've somehow weathered the storm is delusional, especially if hard brexit becomes a reality

For as long as I can remember, inflation has only RISEN, not gone down. In fact, the one long-term economic scenario is that there will be inflation. Always has been, always will be.

'Weathering a storm' - interesting phrase. Financial instutiions will always do that. For the simple reason that the power-brokers in the world will not allow any economy to go bust, as anarchy would ensue, and that would threaten their power base directly. Simples...

 

[The Cowboy]

And what Footlong is saying is true, he's not comparing the Brexit forecast to the Michael Fish moment.

The 2008 crisis - yes.

Brexit - no.

It even says it in the linked article, right under the video at the top. To save you some time, it says this:
2008 crash was economists’ Michael Fish moment, says chief economist

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

The Bank of England’s chief economist has admitted his profession is in crisis having failed to foresee the 2008 financial crash and having misjudged the impact of the Brexit vote.

 

[Joey66]

And what Footlong is saying is true, he's not comparing the Brexit forecast to the Michael Fish moment.

The 2008 crisis - yes.

Brexit - no.

It even says it in the linked article, right under the video at the top. To save you some time, it says this:
2008 crash was economists’ Michael Fish moment, says chief economist

Really -
Bank of England admits 'Michael Fish' moment with dire Brexit predictions -
http://www.telegraph.co.uk/news/201...-michael-fish-moment-dire-brexit-predictions/
explain that one away it was on the news that the BOE apologised over their Brexit forecast!

 

[joey_macmo]

Oh look yet another piss poor attempt at a patronising put down, and no challenge to the content

#standard

Is it really a surprise

Really -
Bank of England admits 'Michael Fish' moment with dire Brexit predictions -
http://www.telegraph.co.uk/news/201...-michael-fish-moment-dire-brexit-predictions/
explain that one away it was on the news that the BOE apologised over their Brexit forecast!

Ok Joey lets look at the quotes in the article that does not have a misleading headline in any shape or form no sir

“Let’s go back to a different crisis, the crisis not in economic forecasting but weather forecasting. Michael Fish getting up: ‘Someone’s called me, there’s no hurricane coming but it will be windy in Spain.’

"It is very similar to the sort of reports central banks issued pre-crisis, that there is no hurricane coming but it might be very windy in sub-prime.”

What crisis does the sub-prime market relate to?

 

[Joey66]

Is it really a surprise




Ok Joey lets look at the quotes in the article that does not have a misleading headline in any shape or form no sir



What crisis does the sub-prime market relate to?

 

[joey_macmo]

View attachment 33101

That's an embarrassing response from a grown man to be honest.

Really poor.