Has Michael Fish Been Giving Lessons In Economics?

[youngmafbog]

I await the first Remoaner to come along and whine 'But we havnt left yet'

http://www.bbc.com/news/uk-politics-38525924

[TheChair]

All those warnings about the dangers of smoking are nonsense.
I'm going to take it up in March 2018, and I've experienced hardly any ill-effects so far

[youngmafbog]

Go ahead, the sooner you do the better.

[TheChair]

Fol-de-Rol

[New Judge]

"All those warnings about the dangers of smoking are nonsense.
I'm going to take it up in March 2018, and I've experienced hardly any ill-effects so far"

The difference between that totally inappropriate analogy and the Brexit matter is this:

If you announced you had decided you were going to take up smoking in 2018, nobody (in their right mind, that is) would suggest there would be any ill effects as a result of your decision. They would forecast that ill-effects would ensue only after you had actually begun puffing.

In the referendum all manner of ill-effects would, in the event of a vote to leave, ensue immediately and profoundly, so we were told. There was to be an immediate stock market crash (prices were lower for about a week and the market is now near to its record high); thousands of jobs would be shed (tens of thousands have been created); interest rates would rocket (they’ve been cut by 50%). Lots of other things were forecast to occur immediately a Leave vote was announced. Not later, not when A50 was triggered, not when Brexit was completed. Immediately. Virtually none of the prophesies, bar the reduction in the value of the pound to levels more concomitant with the UK economy, has come to fruition. That's why Michael Fish is being mentioned.