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That wasn't the narrative. The narrative was that there would be consequences, with some potentially being very severe. I don't remember them saying that it would be immediate, and there was always some speculation on just what those consequences would be. I would imagine that the difference in the 2 narratives has a lot to do with what kind of news you were watching.
A vote to leave the EU next month could precipitate a stock market crash and steep fall in house prices, the International Monetary Fund has warned.
Christine Lagarde, the IMF managing director, also backed warnings from the Bank of England governor Mark Carney that Britain could fall into recession following a Brexit vote.
Lagarde, who was in London on Friday to present the fund’s annual health check on the UK economy, said it was possible the economy would shrink in two consecutive quarters, which is the definition of a recession.
“We have looked at all the scenarios. We have done our homework and we haven’t found anything positive to say about a Brexit vote,” she said.
The IMF said a panic among investors would trigger shockwaves throughout the economy following a vote to leave, sending shares and property prices into downward spiral.
...
The IMF’s warning was coupled with a prediction that a vote to remain in the EU would spur a rebound in growth in the second half of the year, ending more than 12 months of stagnant output and falling business confidence.
Note the time frame used: "following a Brexit vote". Nothing about after years-long negotiations. Also note that since Brexit, the U.K economy didn't shrink at all, it grew, as did housing prices. How has the economy fared since the Brexit vote? Also, take note of the wording used, "panic", "downward spiral", "shcokwaves" etc. That sounds like hysteria to me. It's a good thing that the majority of voters rejected this.
So, no, I'm not buying the nonsense that people like the OP are selling about "TRUMP IS CAUSING A RECESSION! LOOK AT THE HOCKEY STICK GRAPH!!!".
lmao..Would those be the fat cat bankers or the evil .1%'ers that the Left hates so much? Amazing how they switch sides so fast. The Left have no principles whatsoever. Their only principal is to be Authoritarians.
Great news for US manufacturers looking to export goods abroad
MAGA
Make Obama/Clinton supporters get a job again, instead of demanding a handout from hard working, productive, tax paying Americans.
Sure, those American workers will not be able to actually buy anything , because their dollar is reduced, but what the heck, as long as it pleases Trump !
lmao..Would those be the fat cat bankers or the evil .1%'ers that the Left hates so much? Amazing how they switch sides so fast. The Left have no principles whatsoever. Their only principal is to be Authoritarians.
Sure, those American workers will not be able to actually buy anything , because their dollar is reduced, but what the heck, as long as it pleases Trump !
They always have the option of purchasing high quality, fairly priced made in USA goods. Such goods are a great value, when taking into account their superior durability and craftsmanship. America has been flooded with cheap knock off imports. The truth is though, 80% of that stuff belongs in a landfill. And that's where it will most likely end up in 5 years or so. American made goods stand the test of time, as any estate/garage sale junky (like me) can tell you.
Isn't a weak dollar good for domestic companies selling abroad?
If Trump is bringing down the dollar (dubious), then maybe he will unintentionally MAGA.
Yes. I work overseas and the high dollar makes me and my company less competitive versus European, UK, Canadian, etc. The dollar is still a bit high, needs to come down to maybe 1.3 to Euro.
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