Treasury forecasts are to be treated with the same rigour as horoscopes. I expect the next BoE report to say “...with Mars crossing Sagittarius this quarter and a solar eclipse, growth will fall by 0.2%, and you will meet a tall dark stranger...”
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This seems so fucking obvious. No one, as far as I know, can accurately predict the future. No amount of crystal ball gazing can tell us precisely or accurately what will happen. If they could, we wouldn’t have bookies. Forget the predictions, have faith in our Nation and get out
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This is THE foundation of Remainer arguments. Rational people, who dismiss tarot cards, scrying, time travel, ESP, Nostradamus, big crunch, animal foresight, chiromancy or precognitive dreaming, have fallen for Economic Forecasting like it was scientific proof of the Armageddon.pic.twitter.com/WiFv00R4Nh
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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...wouid you believe Carney forecast an upturn today, must have choked him to say it but he still had a dig about Brexit, true to form.
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So when ya voted to leave cos ya thought we'd be better off...were they not lying then we're their stats etc wrong
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Well, one economic prediction that IS reliable is this one: If you no longer have to shell out £180m every week, whatever other (unpredictable) stuff is happening, you'll have a £180m head start every Monday morning.
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So, what can we expect then? Narnia...?
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I think the problem is that these forecasts are put out there as being facts. This is going to happen or that, it's as big a fake news as the £350m on the bus. Nobody knows what's going to happen this year... never mind 15 years into the future.
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I don’t take forecasts as facts, however, people on the stock markets make forecasts all day long. Surely there’s a mathematical probability for all things? I find it suspicious that DexEU weren’t keen on promoting our suggested course with forecasts to back up the plans.
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And before you day it... I'd treat one that forcasted that 15 years after Brexit all would be perfect and better than if we'd stayed with the EU wuth equal contempt.
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We’re not talking 15 years here though, are we? This is short/medium term as I understand it?
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The leaked reports the other day were 15 year forecasts. We can't even get annual forecasts right. Look at what Osborne said would happen immediately following a leave vote. 500k less jobs and a recession. Where is it?
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Hmm. I’m sensing danger tbh. We’ve been hit personally as a family I think, and without being an out & out pessimist (which I’m not), I think worse is possibly yet to come. Honest feeling.
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Directly as a result of Brexit? I always felt it'd be a bumpy ride, it will. But I still feel it's the right decision for this country. Long term we'll be better for it...IF we want to be.
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I realise people like you Julia try to whittle or perhaps better said subvert the truth, but even common sense cries out that brexi WILL cause economic downturn. You are effectively slamming closed the trading door, to return to renegotiation on trade. That will have an impact.
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Ok
@JuliaHB1 let's jump off the cliff with our eyes closed and fingers crossed. You've just destroyed your own brexshit position with this tweet.Thanks. Twitter will use this to make your timeline better. UndoUndo
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