Comments by "peabase" (@peabase) on "Growth forecasts are pretty dire post-Brexit" video.

  1. Next you're going to make the brilliant observation that weather forecasts aren't 100% accurate either. But even if you don't, companies do pay heed to economic forecasts. To some degree, they're even self-fulfilling prophecies. British companies were already pessimistic about Brexit, and this only makes them more pessimistic still.
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  2. Lazzaboyce, if you're going communist post-Brexit, then the views of company directors don't matter, no. But one way or the other, British economy is heading for a decline. Only how steep remains to be seen.
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  3. Lazzaboyce, I know what you wrote, but it's the influential captains of industry who hold a dim view of Brexit and they matter most. Sure, your local publican will benefit when the newly-unemployed come to drink away their sorrow. Competition is fierce as it is, and with British exporters having to run with shoelaces tied together, other exporters -- not just from the EU but from all over the world -- will gain market share at your expense. Regaining lost ground won't be easy, especially if you've gone out of business.
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  4. Lazzaboyce, you tell me. I'm not an apologist for the captains of industry. These grim forecasts coupled with their oh-so-human confirmation bias spell trouble, because they do wield actual economic power. You can argue till the cows home that Britain isn't heading for economic decline, but the odds are against it. That brings us to what Brexit really is, a poorly considered bet. Saddest of all, there's no big prize to be won. At best, the UK can expect to manage.
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