UK to leave EU

[Tiberius]

You know, in this instance, over here, in the UK, the Remain side were by far the worst in terms of propagating fear, it goes both ways.  Pandering to the lowest common denominator.

You call it propagating fear, the rest of us call it making evidence based predictions about the economy. You make it sound like propagating fear is an innately bad thing, but when it's an issue that people *should* be afraid of, then propagating fear is a good thing indeed.

I've seen the nonsense about the market going up and down is "usual", and yes, there is usually some fluctuation in the market, but as Cthulhu said, when there's an identifiable cause, it's not "normal" or "usual". Just because some fluctuation is normal doesn't mean when the market crashes everything is fine.

Rhythm tried to explain this in the other thread I believe (there's 3 or 4 thread on this so forgive me if I'm wrong), but saying that the market will recover is meaningless to the hear and now. People lost money, and that money isn't going to come back. Even if the pound goes back up, you've lost money because you were only able to invest a smaller amount in the interim.

#ohfucksendmetoamericaalready

You're welcome at my place anytime mate.

[Napoléon]

I'm really not understanding the "it will get better, you'll see" response to us fucking ourselves (and others) over. Wouldn't it be even better if we didn't?

My argument is to look at the long term objective. Not 1 year from now. I'm talking 10, 20 years.

I don't think anyone has really suggested the short term economic collapse is a good thing, but I don't think it's as bad as the hysteria I keep seeing from people acting like it's the literal end of the world as we know it. Long term though do we want to continue being chained by an EU economy that has seen its GDP share globally fall and fall? That restrains us from making our own trade deals? 

The 'it will get better' response is because everyone is acting like we'll never recover at all.

[abaris]

Cold comfort for someone already in their 40ies or 50ies.

Oh, it will get better in 10 or 20 years. Feel free to go fuck yourself in the meantime. And enjoy the absence of your life savings and pension.

What happens in 10 or 20 years time will be subject to so many factors that noone in their right mind can make any prediction.

[Edwardo Piet]

@ Napo

Considering the economic experts think the economy is negatively affected by Brexit I doubt you're able to predict that we'll be better off economically in 10-20 years due to Brexshit.

[Edwardo Piet]

#ohfucksendmetoamericaalready

You're welcome at my place anytime mate.

Believe me if I could I'd move to America in a heartbeat -- I'm talking about even prior to this disaster. This just makes me crave America even more but the chances of me ever being able to afford it are slimmer now due to this bullshit

[abaris]

Believe me if I could I'd move to America in a heartbeat -- I'm talking about even prior to this disaster.

Don't forget there's the remote possibility of Trump winning. But yes, I consider the same. As some of my ancestors did during the war. Some staying, some returning. But I highly doubt, they're waiting for a guy in his 50ies.

[Edwardo Piet]

Yes if Trump gets in that may change my plan.

ETA: Or rather -- my dream.

ETA #2: Or rather -- my pie in the sky.

[abaris]

Yes if Trump gets in that may change my plan.

ETA: Or rather -- my dream.

Scotland may be the better choice. Or Ireland for that matter. Pity, before the crash of 2008, my dream was to retire somewhere in the UK. In some small hamlet that hasn't been bought out by bankers yet.

[Edwardo Piet]

It all depends. It all depends.

It all depends.

[Napoléon]

@ Napo

Considering the economic experts think the economy is negatively affected by Brexit I doubt you're able to predict that we'll be better off economically in 10-20 years due to Brexshit.

Well I can look at Europe's "successes" over the last 40 years and make a judgement call. Mediterranean countries destroyed by the single currency. Lower and lower share of global GDP. The slowest growth of any large market in the world. Countries going bankrupt and us having to bail them out. Huge amounts of debt. Deflation. High unemployment. 

https://fullfact.org/europe/eu-has-shrun...d-economy/
http://ec.europa.eu/eurostat/statistics-...nd_finance
http://www.worldeconomics.com/papers/Com...b048.paper
http://www.telegraph.co.uk/finance/econo...harts.html

Is staying in really the only option?