USFREEDOM911
MAKE AMERICA GREAT AGAIN
Everyone knew the markets would rebound after the vote, with the central banks ready to act fast and calm the markets. The posts stating this are there, I can get them if anyone wants to deny it.
I feel the people here are staggeringly stupid. This is about the long term economic look for the UK itself.
First of all article 50 has not been invoked yet.
Here is the forecast from The Economist, the well known lefty rag:
This hit brings UK's post-crisis recovery to a halt. 2018 real GDP will be almost 4% below pre-referendum forecast (2020 = 6% below)
This all equals a deep recession, higher taxes and sadly, further austerity. The people who voted to leave will be hurt the worst.
None of this will happen over night. And no one really knows what else this will lead to. With the country split, political turmoil is nearly certain. No one can really predict the long term ramifications.
Rather then keep everyone on the edge of their seats, why don't you speculate when these long term ramifications are going to begin.
Will it be 1 year?
2 years?
10 years?
20?
100?
1000?