Is Mrs Scotland Listening To The Doom Mangers Again?

[cassa333]

I wonder why she hasn't noticed the economy hasn't collapsed and investment from industry is still coming our way.

Or is it all about eu grants?

http://www.bbc.co.uk/news/uk-scotland-scotland-politics-37158722

[Peter Pedant]

you are reading the wrong papers lovey

"The fall in sterling, the slide in stock markets and the freeze in investment are all indications that the short-term impact will be serious."

FT

http://www.ft.com/cms/s/2/0260242c-370b-11e6-9a05-82a9b15a8ee7.html#axzz4IAfkChjJ

but you knew that really didnt you ?

[vetuste_ennemi]

What "slide in the stock market" might that be, I wonder? My portfolio is up 12%.

Might the FT article be a false prophecy.? Any clue in the date?

[jim360]

That article is a little out of date, though, PP. The fall in Sterling hasn't been reversed (although so far this week things are on the up), but the stock markets at least have been generally growing after the initial huge falls.

The main problem, though, is that while "the economy hasn't collapsed", that is at least in part because Brexit hasn't led to any material changes yet. No policies have been announced; no negotiations have started; no new trade deals have been established; and Article 50 has not been triggered. What the effect of these will be remains uncertain -- and besides, the Stock Markets pay heed to many other factors. It's been suggested that the Stock Market recovery (and then increase) is anyway a serious overestimation of the actual value of shares, so we may be headed for a (not Brexit related) crash at some point once people start realising this.

At any rate, the indications are mixed, and are likely to remain so until, at the very least, we get told what "Brexit means Brexit" means.

[Peter Pedant]

there is an editorial today in the FT - which I cant find
I bought the paper version [ and read it in the sun ]
on how interest rates have to stick / be stuck artifically low
and their thesis is that 2008 remedies ( interest rates ) are not suitable for 2016 ills
- I think he was going for increased statism - but it was an invited piece from the CEO of aviva

I didnt pay as much attention as I shoulda
as I certainly didnt expect anyone to raise the question
AB for chrissakes - it is the home of the senile and insane....

[Togo]

Meanwhile Joseph Stiglitz , a Nobel Prize winning economist and ex chief economist at the World Bank, warns that the EU pyramid scheme is on the verge of a cataclysmic event which will destroy the euro and cause economic chaos. He forecasts that the diagnosis will be to shed the currency and keep the rest or a broader rejection of Europe ----like in the UK.

[Togo]

//AB for chrissakes - it is the home of the senile and insane.... //

Do take care to speak for yourself .

[vetuste_ennemi]

//it is the home of the senile and insane.//

Any metrics for to determine the exact degree of senility and madness, Peter? Posts per hour? Average length of post? Intelligibiity of post.