So what did the Brexit supporters gain?

[Cletus]

The City's smartest people are being forced to admit they were wrong about a 'Brecession'

http://uk.businessinsider.com/credit-suisse-and-morgan-stanley-say-britain-will-avoid-recession-2016-9

 

a lot of BS has been said about brexit...

 

 

 

 

[JB300]

Bob Geldof amuse the world again


Sent from my iPhone using Thaivisa Connect

I did love the winner of the one liner at this year's Edinburgh fringe festival...

"My dad has suggested that I register for a donor card. He's a man after my own heart" (Masai Graham)


Sorry, off topic know but I figure we're long overdue a bit of levity on this thread

For anybody who's interested, here's the top 15 (at least #6 mentions Brexit [emoji4])

1. "My dad has suggested that I register for a donor card. He's a man after my own heart" by Masai Graham

2. "Why is it old people say 'there's no place like home', yet when you put them in one..." by Stuart Mitchell

3. "I've been happily married for four years - out of a total of 10" by Mark Watson

4."Apparently one in three Britons are conceived in an Ikea bed which is mad because those places are really well lit" by Mark Smith

5. "I went to a pub quiz in Liverpool, had a few drinks so wasn't much use. Just for a laugh I wrote The Beatles or Steven Gerrard for every answer ... came second" by Will Duggan

6. "Brexit is a terrible name, sounds like cereal you eat when you are constipated" by Tiff Stevenson

7. "I often confuse Americans and Canadians. By using long words" by Gary Delaney

8. "Why is Henry's wife covered in tooth marks? Because he's Tudor" by Adele Cliff

9. "Don't you hate it when people assume you're rich because you sound posh and went to private school and have loads of money?" by Annie McGrath

10. "Is it possible to mistake schizophrenia for telepathy, I hear you ask" by Jordan Brookes

11. "Hillary Clinton has shown that any woman can be president, as long as your husband did it first" by Michelle Wolf

12. "I spotted a Marmite van on the motorway. It was heading yeastbound" by Roger Swift

13. "Back in the day, Instagram just meant a really efficient drug dealer" by Arthur Smith

14. "I'll tell you what's unnatural in the eyes of God. Contact lenses" by Zoe Lyons

15. "Elton John hates ordering Chinese food. Soya seems to be the hardest word" by Phil Nicol

[ljd1308]

8 minutes ago, Cletus said:

The City's smartest people are being forced to admit they were wrong about a 'Brecession'

http://uk.businessinsider.com/credit-suisse-and-morgan-stanley-say-britain-will-avoid-recession-2016-9

 

a lot of BS has been said about brexit...

 

 

 

 

Did you read the whole article? Not sure what side of the fence you are on, but it is basically saying: "technically we won't have a recession,but there will still be a slowdown in the economy"

So avoiding a recession is the brexit version of success?

 

"Why we still think Brexit drives a slowdown: We have three reasons. First, the EU and the associated trading arrangements are of crucial importance for the UK economy, since the EU accounts for about half of the UK's international trade and investment. Second, we expect high and protracted uncertainty over the future arrangements, with the negotiations set to last a long time and a wide spectrum of possible outcomes. Third, we think the risks are tilted towards a hard exit, with significantly reduced UK access to EU markets,given the UK political objective of increased national control over borders and laws."

[JB300]

AAhem!  To change the topic a little.....What did the Brexit supporters gain is the subject.

In my view the UK has had a lucky escape. I know all the jingoism and anti immigrant rhetoric got up Bremainers noses and I understand. The general attitude by Bremainers is that Brexiteers are low info uneducated xenophobes and it shows on this forum. 

But purely for economics there is reason enough to brexit. For instance the fact that the EU Commission is trying to impose taxes on anyone that paid less tax than the highest in Europe, shows the dictatorial nature of the EU beast that it is fast becoming as the ECB nosedives into negative interest rates. The recent ruling that Apple has to pay 13b in back taxes is brain dead. The Commission has shafted Ireland and Scotland now for investment purposes, for what company will want to locate and provide jobs in a country where it's tax will be maximised? Whether you agree or not, Ireland gave Apple  low tax status to attract business and jobs. So now the Commission can retrospectively impose taxes. American companies and others will be driven out of the EU. Then if  diverse states within the EU cannot be self determining the cracks and the breakup of the EU will appear. Britain will become the lifeboat. The EU Marxist/Socialist federalizing and utopian social engineering model will not work even if the original intentions were noble.

Erm simply put Ireland is breaking EU laws by giving preferential treatment to Apple (who reputedly paid 0.0005% tax) not only to the disadvantage of other companies in Ireland/Europe but also to other countries that are "playing by the rules".

Sorry, Remain or Exit, if what Ireland & Apple is accused off is true then it's just wrong & the only reason the Americans are kicking off is because it's less tax for them when Apple #Finally# (been dragging it's heels for years waiting for a more beneficial rate/treatment) repatriates the funds, US would be delighted if US companies paid zero corporate tax... Apart from in the US of course.

Edit: And the EU would have been happy if Apple paid the 12.5% tax (amongst if not the lowest in Europe) there's no suggestion that they have to match the highest rates in the EU

[Khun Han]

8 minutes ago, ljd1308 said:

Did you read the whole article? Not sure what side of the fence you are on, but it is basically saying: "technically we won't have a recession,but there will still be a slowdown in the economy"

So avoiding a recession is the brexit version of success?

 

"Why we still think Brexit drives a slowdown: We have three reasons. First, the EU and the associated trading arrangements are of crucial importance for the UK economy, since the EU accounts for about half of the UK's international trade and investment. Second, we expect high and protracted uncertainty over the future arrangements, with the negotiations set to last a long time and a wide spectrum of possible outcomes. Third, we think the risks are tilted towards a hard exit, with significantly reduced UK access to EU markets,given the UK political objective of increased national control over borders and laws."

 

Yes, I read it all. These particular experts have given up on their prediction of a quick recession, based on hard evidence. But they are clinging onto their prediction of recession further down the line, based on their speculation about how brexit negotiations will go.

[ljd1308]

Just now, Khun Han said:

 

Yes, I read it all. These particular experts have given up on their prediction of a quick recession, based on hard evidence. But they are clinging onto their prediction of recession further down the line, based on their speculation about how brexit negotiations will go.

So you think this article is wrong?

[Jip99]

12 minutes ago, ljd1308 said:

 

So avoiding a recession is the brexit version of success?

 

 

 

No.

 

 

But it was the Remain prediction and measure of failure.

 

(that along with the Pound trading at parity with the US$, Euro, Mongolian Tugkrik and the sky falling down)

[ljd1308]

2 minutes ago, Jip99 said:

 

 

No.

 

 

But it was the Remain prediction and measure of failure.

 

(that along with the Pound trading at parity with the US$, Euro, Mongolian Tugkrik and the sky falling down)

Can you provide a source for anyone anywhere at anytime stated the pound would be at parity for the Mongolian Tugkrik?

 

I would say that a contraction in the economy is a negative, whether that results in a recession or not. Why wouldn't you consider that a failure?

[Jip99]

16 minutes ago, ljd1308 said:

Can you provide a source for anyone anywhere at anytime stated the pound would be at parity for the Mongolian Tugkrik?

 

 

 

No, you prawn, that was humour !! 

 

Contraction in the economy is NOT recession and a temporary consequence of leaving the EU.

 

Patience dear boy.

[ljd1308]

2 minutes ago, Jip99 said:

 

 

No, you prawn, that was humour !! 

 

Contraction in the economy is NOT recession and a temporary consequence of leaving the EU.

 

Patience dear boy.

That was not what the article stated though. 

 

Yes, it will not be a recession, but the economy will be worse off. If you believe this article there is no way that can be spun as a positive.....if you don't believe it, that is a different matter. 

 

 

I did think that line might have been an attempt at humour, but I have found that people that are in favour of leaving the EU do believe things like that.

Edited September 6, 2016 by ljd1308

[Khun Han]

35 minutes ago, ljd1308 said:

So you think this article is wrong?

 

The experts whom the article is based around have admitted in the article that they have been wrong so far.

[Khun Han]

28 minutes ago, ljd1308 said:

Can you provide a source for anyone anywhere at anytime stated the pound would be at parity for the Mongolian Tugkrik?

 

I would say that a contraction in the economy is a negative, whether that results in a recession or not. Why wouldn't you consider that a failure?

 

Humour bypass alert! Humour bypass alert!

[ljd1308]

Just now, Khun Han said:

 

The experts whom the article is based around have admitted in the article that they have been wrong so far.

Yes, the whole article was about them revising their view about entering a recession....they have amended that to state it will not quite get that far.

 

So are they also wrong when they say it will not get to the point where there is a recession?

[Khun Han]

10 minutes ago, ljd1308 said:

That was not what the article stated though. 

 

Yes, it will not be a recession, but the economy will be worse off. If you believe this article there is no way that can be spun as a positive.....if you don't believe it, that is a different matter. 

 

 

I did think that line might have been an attempt at humour, but I have found that people that are in favour of leaving the EU do believe things like that.

 

There is no need to do a remainer condescention alert because it is SOP for them .

[Khun Han]

2 minutes ago, ljd1308 said:

Yes, the whole article was about them revising their view about entering a recession....they have amended that to state it will not quite get that far.

 

So are they also wrong when they say it will not get to the point where there is a recession?

 

You forgot to mention that these experts conceded that current figures are far better than they expected them to be .

[ljd1308]

6 minutes ago, Khun Han said:

 

Humour bypass alert! Humour bypass alert!

Yeah, apologies.....I missed the humour in that comment.

 

I have been told I have a weird sense of humour though, so it was no doubt my fault.

[ljd1308]

4 minutes ago, Khun Han said:

 

You forgot to mention that these experts conceded that current figures are far better than they expected them to be .

I didn't forget to mention that, I/we were not talking about that.

 

I just asked if you agreed with the article or not(I get the impression you don't).

 

But what I really am getting at is, do you think the UK economy will retract at all due to Brexit? And if not, do you there for think it will grow?

From the information I have read, I would think that it will retract....the only question is by how much, but I think it is a negative whether it is a small amount or a large amount.

[vogie]

25 minutes ago, Jip99 said:

 

 

No, you prawn, that was humour !! 

 

Contraction in the economy is NOT recession and a temporary consequence of leaving the EU.

 

Patience dear boy.

Thanks very much, I have just bought £10,000 worth of Tugkrik. ?

[Cletus]

Lots of people here are getting few thousands baht LESS every month because of brexit.

You can't argue with them, they will always say brexit has been sh*t.

As simple as that.

 

 

[Khun Han]

2 minutes ago, ljd1308 said:

I didn't forget to mention that, I/we were not talking about that.

 

I just asked if you agreed with the article or not(I get the impression you don't).

 

But what I really am getting at is, do you think the UK economy will retract at all due to Brexit? And if not, do you there for think it will grow?

From the information I have read, I would think that it will retract....the only question is by how much, but I think it is a negative whether it is a small amount or a large amount.

 

We were talking about the article, part of which refutes the attempts to re-write history by internet remainer warriors, by making clear that the experts had expected economic downturn now but that the opposite is happening.

 

I think that the UK economy will suffer a few wobbles as brexit takes it's course, but that the wobbles will be of the kind that we saw after the referendum.

[Jip99]

1 minute ago, Cletus said:

Lots of people here are getting few thousands baht LESS every month because of brexit.

You can't argue with them, they will always say brexit has been sh*t.

As simple as that.

 

 

 

 

That has got to be the narrowest view expounded on the subject so far.

 

I have spoken to several people who can ill-afford to be 4,000 Baht a month down but they don't mind because they are happy with the Brexit outcome. Ironically, most have not been to the UK in the 10 years and are probably unlikely to venture there again. Nevertheless, they welcome the perceived benefits that will accrue as a result of getting out of the EU.

[ljd1308]

1 minute ago, Khun Han said:

 

We were talking about the article, part of which refutes the attempts to re-write history by internet remainer warriors, by making clear that the experts had expected economic downturn now but that the opposite is happening.

 

I think that the UK economy will suffer a few wobbles as brexit takes it's course, but that the wobbles will be of the kind that we saw after the referendum.

That part of the article still states there is a downturn, just not as great as expected and that it has bounced back somewhat....but not to previous levels, so it is still a downturn.

 

The highlighted bit is what confuses me a little bit, because it appears you agree with me only you think it will be on a smaller scale. I don't know enough to be sure, but if you agree there will be a negative impact on the economy don't you see that as a negative of Brexit?

Whether that is a tiny downturn or a massive one, surely it is still negative for the UK

[AlexRich]

1 hour ago, ljd1308 said:

Did you read the whole article? Not sure what side of the fence you are on, but it is basically saying: "technically we won't have a recession,but there will still be a slowdown in the economy"

So avoiding a recession is the brexit version of success?

 

"Why we still think Brexit drives a slowdown: We have three reasons. First, the EU and the associated trading arrangements are of crucial importance for the UK economy, since the EU accounts for about half of the UK's international trade and investment. Second, we expect high and protracted uncertainty over the future arrangements, with the negotiations set to last a long time and a wide spectrum of possible outcomes. Third, we think the risks are tilted towards a hard exit, with significantly reduced UK access to EU markets,given the UK political objective of increased national control over borders and laws."

 

We can forgive the poster for overlooking the above ... he's a bit distracted as it is the "cherry picking" season. 

 

 

[AlexRich]

29 minutes ago, ljd1308 said:

That part of the article still states there is a downturn, just not as great as expected and that it has bounced back somewhat....but not to previous levels, so it is still a downturn.

 

The highlighted bit is what confuses me a little bit, because it appears you agree with me only you think it will be on a smaller scale. I don't know enough to be sure, but if you agree there will be a negative impact on the economy don't you see that as a negative of Brexit?

Whether that is a tiny downturn or a massive one, surely it is still negative for the UK

 

He's a bit confused. 

[Khun Han]

25 minutes ago, ljd1308 said:

That part of the article still states there is a downturn, just not as great as expected and that it has bounced back somewhat....but not to previous levels, so it is still a downturn.

 

The highlighted bit is what confuses me a little bit, because it appears you agree with me only you think it will be on a smaller scale. I don't know enough to be sure, but if you agree there will be a negative impact on the economy don't you see that as a negative of Brexit?

Whether that is a tiny downturn or a massive one, surely it is still negative for the UK

 

I have said all along that there will be fluctations as a result of brexit. And some of them will be upturns: companies announcing major new investments, pre-agreements on trade with countries outside the EU, etc. There will also be companies pulling out, and the re-negotiation of trading with the EU is bound to be at best a curate's egg in the short term.

[AlexRich]

Just now, Khun Han said:

 

I have said all along that there will be fluctations as a result of brexit. And some of them will be upturns: companies announcing major new investments, pre-agreements on trade with countries outside the EU, etc. There will also be companies pulling out, and the re-negotiation of trading with the EU is bound to be at best a curate's egg in the short term.

 

RyanAir and WPP announced some major new investments ... in Europe!

 

[ljd1308]

2 minutes ago, Khun Han said:

 

I have said all along that there will be fluctations as a result of brexit. And some of them will be upturns: companies announcing major new investments, pre-agreements on trade with countries outside the EU, etc. There will also be companies pulling out, and the re-negotiation of trading with the EU is bound to be at best a curate's egg in the short term.

So overall you actually think the UK economy will be better off out of the EU?

 

 

[Khun Han]

I've drawn the conclusion that Alex has a hard time getting his head around an internet discussion forum. No doubt he's a fast-talking and aggressive debater in real life. But what he's struggling with is that in verbal debate, unless your opponent has a photographic memory, you can get away with a lot of lies, mis-interpretations and mix-ups about who said what. In internet forum debate you cant, because people just go back and check what was previously writtten. Alex is, unfortunately, coming badly unstuck with this (some of the less generous-hearted might say he is making a complete berk out of himself ).

[Jip99]

10 minutes ago, AlexRich said:

 

We can forgive the poster for overlooking the above ... he's a bit distracted as it is the "cherry picking" season. 

 

 

 

 

 

No - you are confused - it is BREXIT SEASON  !!

 

Keep sniping though (as pointless as it is) if it helps you to get over the bitter taste of defeat.

 

You lost, suck it up and move on - ups and downs in the economy are a flea on an elephants ar5e in the context of the bigger picture.

[Jip99]

8 minutes ago, ljd1308 said:

So overall you actually think the UK economy will be better off out of the EU?

 

 

 

 

 

Yes.