Wait till they have a go at house prices 
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Note how many Brexit cheerleaders who last year said things like "we'll get through it", "we survived the war", "it'll be better after 50 years" etc suddenly seem to have a new found concern for the economy. All very disingenuous to me.
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Because Brexit is a new, or rather just restoration of previous legal/political frameworks. Shutting down your economy is, well uhm, shutting down your economy!
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Interesting that they feel the need to say something even if they are flying blind
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Thank you. Well said, this is driving me crazy, the endless speculation. The economy has been plugged out for the first time ever, what happens when it’s plugged back in is all guess work, the catastrophising is not helping anyone, least of all the economy
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They are always guessing. However, no crowd hysteria, please.
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Agreed, crowds only have wisdom when their biases are not correlated - so picking the median economist forecast is probably perfectly useless right now. But thought today’s formulation from
@PDonovan_econ made a lot of sense:pic.twitter.com/P2O7Enlmo1
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I think this is wrong, because it doesn't include the effects of prolonged lockdown. Hysteresis, asset degradation, business closures. It's not a straight-line 2-3% of GDP every month.
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Even in the best of times 99.999% of economists are wrong!
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[citation needed]
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