RE: UK to leave EU
June 27, 2016 at 12:17 pm
(This post was last modified: June 27, 2016 at 12:18 pm by Edwardo Piet.)
(June 27, 2016 at 12:01 pm)SofaKingHigh Wrote:(June 27, 2016 at 11:57 am)Alasdair Ham Wrote: If the FTSE goes down and then goes back up to where it was isn't that worse than if it simply hadn't gone down?
It isn't that simple, but markets go up and down, that's what they do. What markets don't like is uncertainty, once this all calms down and the hysteria is replaced with rational thinking the markets will even out.
Sterling getting a kicking could actually be a very good thing for us, your holiday might be more expensive, but our exports will be much more attractive.
To put it into perspective mate, it was down to 3800 in 2008, we're nowhere near that and I'd guess we won't get anywhere near it either.
I guess I just don't see how all things being equal it going down before going back to where it was is a good thing. And I don't see how all things being equal the Sterling getting a kicking is a good thing.
All things being equal, isn't short term economic loss bad? And all things being equal isn't it more likely to be a sign of long-term economic loss than not?
I agree it's not as simple as that... but I'm going by all things being equal because I'm still yet to hear why Leaving the EU is good for the economy overall and why this short term loss is a positive step economically.
What is the financial justification for a predicted short term economic loss? Why would it ever be a good thing if most of the economic experts think it is a bad thing? Why should we trust our own hopes for a better economy in the long run if we fuck it up a bit in the short run over the predictions of the experts?