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Re:A pessimistic vision of India’s looming environmental and... by barrkel on Sunday February 04, 2018 @08:43AM (#16302705)
The original forecasts were based on immediate invocation of Article 50, and without a significant intervention by the Bank of England, and without an uptick in global growth (which Britain is bottom of the class in). Instead what we got was a big devaluation in the Pound, slicing billions off the wealth of the country.

The other elements of the forecast are coming, they're just following on a time lag because they're dependent on choices getting locked in. The not so funny thing about Brexit is that it's like a game of chicken: the market doesn't believe Britain will choose drive off the cliff edge, so it hasn't priced in the damage; but that lack of pricing information makes it more likely Britain will drive off the edge.

It's one situation where markets might ironically be ill-suited to judge because of feedback effects. The worse the outcome, the less likely the market is to believe it, which sustains the delusion that it won't be bad.

Re:A pessimistic vision of India’s looming environmental and... by peoplewindow on Tuesday February 06, 2018 @09:45AM (#16316480)
The forecasts were not based on that, you can go read them. That's something invented later to try and explain why they were wrong.

But even if you were right about that, Article 50 was invoked and no insta-recession occurred.

Regardless of how you try and slice it the consensus of economists was wrong, 100% and completely wrong. There is no way to deny it.

The other elements of the forecast are coming

Wrong, totally wrong. Go read the Treasury's actual forecast:

https://www.gov.uk/government/news/britain-to-enter-recessio...

New Treasury analysis shows a vote to leave the EU would tip Britain’s economy into a year-long recession.

Speaking at B&Q in Eastleigh, Hampshire, the Prime Minister and Chancellor set out the Treasury’s analysis of the impact on the nation’s economy over the immediate period of two years following a vote to leave.

Do you see that - vote to leave. Very clear. There was a vote to leave. Their predictions did not come true. My point remains.

Re:A pessimistic vision of India’s looming environmental and... by barrkel on Monday February 12, 2018 @04:35PM (#16362473)
Still a game of chicken. See the poll results in today's FT - businesses still don't believe a hard Brexit is coming.
Re:A pessimistic vision of India’s looming environmental and... by Sylphine on Sunday February 04, 2018 @09:04AM (#16302750)
Then the Rothschild's must be crazy for exchanging so much of their us assets into sterling. https://www.activistpost.com/2017/08/rothschild-just-dumped-...
Re:A pessimistic vision of India’s looming environmental and... by traek on Sunday February 04, 2018 @11:24AM (#16303342)
This was primarily to reduce exposure to US assets, not to specifically gain exposure to UK assets. In fact, if you look at their holdings you’ll see the relative percent increase is much lower for Sterling than Euro, which could signal lower confidence in GBP than EUR.
Re:A pessimistic vision of India’s looming environmental and... by Sylphine on Sunday February 04, 2018 @11:12PM (#16306543)
True but if they were confident the Sterling was in bigger trouble than the dollar they wouldn't have invested in it.
Re:A pessimistic vision of India’s looming environmental and... by traek on Tuesday February 06, 2018 @03:15PM (#16319188)
No, they could believe that UK assets have a different risk profile than US assets and want to diversify, even if they think UK assets have a lower risk-adjusted return. Diversification is valuable.