The real casualty of Brexit: reputations of economists who predicted doom

Market Watch ^ | 27 August 2016 | Matthew Lynn

[Lorianne]

Did you hear the one about the economist who drove into a swimming pool and broke his neck? He forgot to seasonally adjust. Have you seen the version of Trivial Pursuit designed by an economist? It has 3,000 questions and 10,000 answers.

[discostu]

Considering that none of Brexit has actually happened yet it’s a little early to be declaring anything. Let’s see what happens when they actually leave. My prediction is neutral, some areas of the economy will get kicked, some will kick, in the end it’ll be a push.

[eyeamok]

were unanimous in forecasting that the slowdown in economic activity would be sharp and sudden.

I AGREE, We currently are Spending about 8% more than we take in, if we ELIMINATE the DEFICIT, and then CUT EVEN MORE to Cover Interest on the National Debt, Then CUT EVEN MORE to Actually PAY OFF some of that DEBT, the Economy will take an IMMEDIATE 15% HIT ( BANKS AND WALL STREET will be HURT BIG TIME, MAYBE DESTROYED ENTIRELY). But we the People will see our DOLLAR INCREASE IN VALUE, VALUE, VALUE!!!

[wastoute]

This occurred to me yesterday. What is the difference between an expert on Thermodynamics and an economist? No politician would consider telling an expert on Thermodynamics to go back and take another look at the data and come back with an answer more to his liking.

[mjp]

The major problem is that most economists within the banks, fund managers and policy institutes were so personally committed to staying within the EU that they couldn’t imagine anything other than a catastrophic outcome if the U.K. left.

Libtards are always making bogus claims because of belief in predictions that are later proven to be wrong, dishonesty, exaggeration of trivial negative phenomena, assertions of dangers with no proof, invalid conclusions and generalizations, evasions, and motivated by their own prejudice and their own immediate interests.

[dfwgator]

"DOOMED!"

[JoeFromSidney]

If all the economists in the world were laid end to end, hey still couldn't reach a conclusion.

[ChildOfThe60s]

The irony is that it is impossible to damage the reputations of “economists”.

Bunch of effin charlatans that will always be presumed to be preaching the gospel. Oh an by the way, they are also establishment whores.

[NorthMountain]

LOL!

Put 10 economists in a room and you’ll get at least a dozen mutually exclusive opinions ...

[uncitizen]

This assumes those economists actually believed the crap they were selling. They did not. They were serving as propagandists for the globalists.

[Oatka]

Did you hear the one about the economist who drove into a swimming pool and broke his neck? He forgot to seasonally adjust.

Mark Twain said that he heard of a man who drowned crossing a river that averaged only two inches deep.

[fortes fortuna juvat]

Economists rank just above used-car salesmen and politicans as the most distrusted fools on the planet.

[Behind the Blue Wall]

Trump should be able to use this. All of the “expert” opinions turned out to be wrong, and the supposedly ignorant fools who voted for Brexit knew better. The parallels should be obvious.