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Originally Posted by aaezil
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Racists who voted for brexit cause they didnt like brown people are about to tank the uk’s economy lol epic fail
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2016 before election - We heard the same thing in the US, brother. Can't elect a racist guy who hates brown people because the US economy will tank. Evidence-
https://www.politico.com/story/2016/...markets-230164
https://www.nytimes.com/2016/11/01/b...rump-wins.html
https://money.cnn.com/2016/06/06/new...larry-summers/
"Summers argues that the "Trump risk" is a lot more dangerous than the "Brexit risk" (the British referendum vote on June 23 on whether to leave the European Union) that has received so much attention."
""If Mr. Trump did even half of what he has promised, he would surely set off the worst trade war since the Great Depression," he wrote"
https://www.nytimes.com/interactive/...onomic-fallout
"So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened."
The real effect, I guess we got lucky-
https://www.whitehouse.gov/articles/...ew-series-low/
U.S. Unemployment Rate Remains at Near-Historic Low of 3.7 Percent; African-American Unemployment Rate Hits New Series Low
https://townhall.com/tipsheet/mattve...rship-n2553266
Quote:
The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations.
By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decadelong recovery after the financial crisis is coming to a close. Though the major Wall Street averages wobbled around breakeven … stocks are back near record highs as investors shrug off the wave of fear.
One gauge in particular shows how much the economy has defied downbeat forecasts.
The Citi Economic Surprise Index, after nearing its lowest level in two years in June, this week was at its highest point since February. The index looks at actual economic readings against consensus forecasts, so it will rise when expectations are too low and fall when optimism runs too strong. The latest move, then, can be seen as a recalibration of Wall Street’s overriding pessimism.
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The fear mongering is a lot of bullshit.