Bank of England warning

They said exactly the same before the referendum and people still voted for it.

turkeys- xmas

good news plenty of empty houses in london

people trading the markets would make a killing...again

if you own your own house have a nice wedge in the bank ,green light to get your mp to vote for no deal

double umemployment is that counting the 800,000 he predicted after a no vote,and is the 30% house price falls including the 30% houseprice falls he predicted after a no vote

BoE assessment:

Pound to fall to below parity with the dollar.

Inflation and interest rates to rise.

Residential property values to fall (didn't catch by how much - 30%?)

Commercial property values to fall by 48%


Tomorrow's Sun front page?

MARK CARNAGE!

BofE 12th May 2016

The Bank warned a vote to leave the EU could:

    Push the pound lower, “perhaps sharply”.... Yup.
    Prompt households and businesses to delay spending.... Nah.
    Increase unemployment..... The opposite
    Hit economic growth...Nonsense. The opposite.
    Stoke inflation. Ha!
https://www.theguardian.com/business/2016/may/12/bank-of-england-keeps-interest-rates-on-hold-as-brexit-fears-bite

So, 1 out of 5? Not very impressive is it. Even a cheaper pound led to greater profits for the FTSE 100 and exporters. It also led to a huge boost tourism in the UK. So even a lower pound hasn't been all bad...

so all business worried about getting workers and carney saying there,ll  be 2 million more unemployed

we havnt left yet injera

Ever since May said that her brino deal was the best deal possible their has been an outpouring of press releases telling us that no deal is the worst deal, they must think the public are stupid.

They could had released all these press stories at any time.

Also i cant remember the last time the BofE got anything correct.

donny osmond
28 Nov 18 17:09
Joined: 02 Mar 08 | Topic/replies: 79,613 | Blogger: donny osmond's blog
we havnt left yet injera

Try learning to read..

The Bank warned A VOTE to leave the EU could....

lol

desperate to keep us in,do not believe a word,although I have said from day one we would never be allowed to leave,CONTROL as usual folks

btw do you understand the meaning of could, before telling me to learn to read?

Well done for backtracking on your original point.

In 2016 the BofE were part of the plan to warn us against leaving the EU. They continue to do that.

Doing the opposite of what the establishment tells us is a pretty good plan imo.

don't panic,treason may said we wont be poorer

we havnt left yet

you cant read but tell me to learn

then get more than half of your 5 assessments wrong

but hey ho

you are trying

theres a huge majority in the commons that says no deal wont happen,yet carney said he,s working for the government and he,s told no deal is more likely than 6 months ago, completely the opposite to what the people he,s working for have been saying this week,

according to the mp,s no deal is less likely now than its ever been but carney says its more likely than its ever been, how  can both scenario,s be true

tbf to injera, I think the point is, is that the BOE were scaremongering then and are scaremongering now.

I think forecasts should be left to the weathermen because there have been so many big and wrong one's, the catastrophic impact of not joining the Euro etc.

Youve got him on the ropes donny, don't ease off!

Btw Carney is told what to say by the elite, desperate to keep as in and so is May

J. dean - upon a vote to leave which of the 5 points were proved to be correct?

A no deal according to the BOE would be "economically worse than the financial crash of 2008"

If commercial property prices were ever 48% lower (i.e. almost halved), you'd be trampled underfoot by companies relocating here.

they never get them right and neither do the IMF and the rest of them

remember the emergency budget necessary if we voted leave - it would be needed immediately after the vote

how did that turn out?

Good news for 1st time buyers..

you no your a joke and people just laugh at you when you as gov of the bank of England predict possible doomsday scenario and the markets completely ignore you, called wolf once to often

Treasury smessury - I make no apology for repeating this as I am sick of the lies and scaremongering flooding everywhere

the same august institution (a heavily biased pro eu civil service) said this below  so how can we trust what they say and remember the emergency budget we would need if we voted the wrong way
Within two years of a Leave vote, the Treasury predicted that GDP would be between 3.6 and 6 percent lower and the number of people unemployed would rise by as much as 820,000. The predictions in the May 2016 “study” sounded dire, and were clearly aimed at having the maximum impact on the vote, which would be held a month later. Goebbels would be proud of these jokers.

Just weeks before the referendum, the then-chancellor George Osborne cited the report to warn that “a vote to leave would represent an immediate and profound shock to our economy” and that “the shock would push our economy into recession and lead to an increase in unemployment of around 500,000.”
It's the lies and how they tell them - keep telling them and they sit in the people's psyche - very very nasty and despicable but also very manipulative.  It diverts attention away from the benefits of leaving whilst the tv news focuses solely on the scare stories.
It's like the old joke of when did you stop beating your ............. etc etc ....

and people with a wedge in the bank

with 30% houseprice crash ,5,5% interest rates how could banks survive that when they went into meltdown over buying some dodgey loans from the us 10 years ago

Worth bearing in mind that these numbers quoted are the most extreme worst-case scenario. They assume that every other nation in the world chooses to punish us by refusing to negotiate any more free-trade agreements ever.

The drop in GDP is only a reduction from how the BofE guesses GDP would increase if we didn't leave.

The forecast itself says that by 2020 GDP would already be back to what it is now. Combine that with the fall in population assumed by the forecast, and nobody actually living in this country would notice a difference.

you do realise even the way they go about examining these figures and CREATING them is very suspect

do they even let us know exactly what they are using as they seem to be very secretive about it

as I understand it the economic model they use is extremely suspect

just chuck in the fact they have been wrong so many times along with the IMF and the rest of them.

look at the above 3.6  and 6 percent doom predicted which never happened AFTER  the vote  - charlatans the lot of them

unemployment up 800,000  - they are complete bar stewards and biscuit brain the self serving Brussels mouthpiece cheers them on quite falsely
THEY HAVE NO IDEA  they do not know!!  Just scare stories from people who want to keep it as it is and all their fat cat jobs within the eu gravy train

what is scarey - very few people will be allowed to the fore and comment on these false stats and scare stories
the tv media is slavish following may's line generally  - it is hilarious how the obvious eu propaganda is being sucked up to

Each day is themed until he meaningful vote on 11th December. Today is economy day…

November 28: Economy
November 29: Security
November 30: International trade
December 1: Digital
December 2: The Brexit deal
December 3: Money
December 4: Immigration
December 5: Transport
December 6: Industrial strategy
December 7: Brexit for the whole U.K.
December 8: Consumers
December 9: May vs Corbyn Debate
December 10: Agriculture and fish

Memories.

.
https://www.breitbart.com/europe/2017/01/06/inaccurate-anti-brexit-predictions-michael-fish-moment-admits-bank-england-chief/

if you own your own house have a nice wedge in the bank ,green light to get your mp to vote for no deal


That's what I'll be doing

Also I suspect the non home owners will be doing likewise if house values will drop by a third !

. house price falls of 30$, stick your 60,70 grand deposit in the bank 6% interest  rates for 6 years happy days, judge the market right and now your 100 grand deposit on a 30% cheaper house,watch it fly in price when the merry go round starts again. mam and dad doing washing,cooking housework,whats not to like the 1980,s all over again, hope the music comes back as well

Don't forget
oxygen running out
the sky falling in

1930's style propaganda  alive and well in this asylum.

still don't no how you get a house price crash ,with high interest rates those with plenty of cash wont be letting prices fallto far beforw they,ll all be snapping them up for future investment especially in London,bristol,manchester,leeds etc
whats the theory behind his warnings, all ive heard is no deal means ports,car parks,farmers,borders,nhs, civil service will be scrambling around for workers but carney reckons there,ll be 2 million jobs going, makes no sense

It's such a worry maybe we need a 2nd vote or no Brexit at all........................Fxxk off

He forgot to add a plague of locust to his list.

Carneyage eh? Failed 2nd rate politician-couldn't make it in Canada. Almost every prediction wrong so far! Lets listen to him-NOT!

So many here know better than the head of the Bank of England on the economy

Money talks. Start watching the options and futures markets. If the pros start shorting currency and shares, time to leave the sinking ship and Carnage will be right. If there is no shorting, it will an example of Bigmouth strikes again with a giant foot!

if there is no shorting its because the warning has worked and no deal
is off the table

Pro shorters make up their own minds. If they believe everything will be hit regardless of the warning they will act.

of course,

but you are arguing that there is something to short !

There is always something to short. On Brexit vote night, a friend of mine made £150,000 shorting the pound after the first result stay came in!

yeah you wouldnt want to be going long in the event of a no deal, not
even money tree would be tipping up that.

We've been here before Carney old bean,,,

https://postimg.cc/yDDsnTQ9

.
https://www.breitbart.com/europe/2018/11/30/exposed-bank-england-knew-no-deal-brexit-scenarios-could-be-misleading/

If there is a no deal and the pound crashes a bit, a simple way to in effect short it is to buy shares/funds that are held in say the dollar so if there is a crash you get the corresponding rise in value.

I'm thinking the markets aren't expecting a no deal and are set for a deal or an extension of p1ssing around, a deal won't change the pound much, so I might do a bit of that myself next week "in case".

A low pound is good for lots of things

Don't understand this fear of a dropping pound

All of negatives outcomes according to the canadian goldman sachs globalist plant, only bad for the super rich.

For me it would be briliant, Cheaper houses, high interest rates & the pound crashes then our country will become even more of a tourist attraction. Inflation is just rubbish, we are not Zimbabwe. We are an Island of rich resources and if we cannot produce enough for the population then the population is too many.

I know he is a puppet, but a gun should be put to his head and make him invest all of his money into his predictions. I wonder what would happen................

Got to love how the anti Brexit BOE comes out with the worst possible "possible scenario" they can think of where every single they can think of goes wrong or bad, then the remoaners jump on this saying "THIS IS WHAT WILL HAPPEN!!! BREXIT IS ARMAGEDDON" .. Total nonsense! Just laughable. And these are the same arrogant sanctimonious idiots who constantly say "the leave campaign lied" and "leave voters are stupid and gullible and don't know the facts"....

We all know the pound would fall if we actually left the fascist EU, but it would recover in a week and be stronger.

Being in the EU, means you are run by 24 unelected people who you cannot remove, Fancy being in favour of people you cannot topple.

i wouldn't put carney in charge of my piggy bank let alone the bank of england