Some fun statistics on those: 66% people who left school at 16 voted for Leave. 71% of those with university degrees voted to Remain.
And the "army of economists" have a fantastic track record in economic forecasting, including the results of this referendum, right?
Whoops, I guess you shouldn't have increased university tuition fees now Dave, would you? It's incredible how this man played himself
And the "army of economists" have a fantastic track record in economic forecasting, including the results of this referendum, right?
Some french and german folks are saying this brexit thing is not so bad because apparently the UK has been holding them back and the prospect of seeing london companies moving to the mainland eu countries is salivating.
Those would be pollsters though, not economists.And the "army of economists" have a fantastic track record in economic forecasting, including the results of this referendum, right?
Economist don't do referendum predictions.And the "army of economists" have a fantastic track record in economic forecasting, including the results of this referendum, right?
Not a surprise that you believe "no one knows" what will happen (not true) when you don't even seem to know what economists do.And the "army of economists" have a fantastic track record in economic forecasting, including the results of this referendum, right?
Whoops, I guess you shouldn't have increased university tuition fees now Dave, would you? It's incredible how this man played himself
The Leave campaign is already backtracking on promises made. They did not win fair I think.I am pretty sure that there are also some who voted for reminds that are not fully aware of what they are voting for as there are who voted for Leave . Its easy to find those who regretted after any kind of voting :| I know GAF is mostly with Remind but Leave won fair and square IMO, both side have their reasons and as an "outsider" (I know this will affect the world but saying this as someone not in EU) i respect the majority vote.
I am pretty sure that there are also some who voted for reminds that are not fully aware of what they are voting for as there are who voted for Leave . Its easy to find those who regretted after any kind of voting :| I know GAF is mostly with Remind but Leave won fair and square IMO, both side have their reasons and as an "outsider" (I know this will affect the world but saying this as someone not in EU) i respect the majority vote.
The Leave campaign is already backtracking on promises made. They did not win fair I think.
Impossible to backtrack when we haven't left and thus cannot even begin to do any of the promises.
I expect similar numbers the day Quebec eventually separates from Canada. Uneducated poor and ignorant masses being fooled by a few elites with the usual "they took your jobs, ruined your your economy and destroyed your culture". Oh well.Some fun statistics on those: 66% people who left school at 16 voted for Leave. 71% of those with university degrees voted to Remain.
Yes, they quite accurately predicted all the stock markets would lose quite a lot of value and give the possible start for a recession. You seem to be mixing up economists with poll predictions. Economists don't make those.
You do know there is a difference between economists and pollsters right?
Those would be pollsters though, not economists.
Economist don't do referendum predictions.
We really going the way of "what do experts know"? If this continues, I really, really fear for future elections and decisions made by the people.
Not a surprise that you believe "no one knows" what will happen (not true) when you don't even seem to know what economists do.
And the "army of economists" have a fantastic track record in economic forecasting, including the results of this referendum, right?
I mean, to really believe the things you're advocating for, you kinda have to ignore the idea that people can vote while not full understanding the consequences for what they vote for (or alternatively, you believe that people are entirely rational when making voting (or purchasing) decisions)... and that people can't be manipulated against their self interests.
Not everything should be left to a vote - this is a clear example of something that shouldn't have occurred... but it did and now we're all suffering for it. Especially the numbnuts that put it up for a vote in the first place.
They use forecasts based on polling.Lol guys.
https://next.ft.com/content/14e323ee-e602-11e3-aeef-00144feabdc0
There is a huge body of empirical research that proves economists can't forecast shit.
I speak to economists and also read what they write very regularly as part of my job. You really believe these guys don't try to forecast the results of the referendum and build those forecasts into their models?
http://www.bloomberg.com/news/articles/2016-05-24/here-s-how-likely-banks-think-brexit-is
Don't get me wrong. I have plenty of respect for what economists do but the fact is, the global economy is far more complex than what our current understanding makes it out to be. There are far too many moving parts to it which makes it very hard for anyone to fully comprehend and hence, forecast. Till this day, no one even knows for sure what really caused the Great Depression.
Even when a huge portion of the public is uninformed or misinformed?Important constitutional issues should absolutely be put to a vote.
Although I voted Remain, it's pretty disappointing to see the sensationalist echo-chamber here. Over 17m voted to leave - are we going to categorise them as a collection of xenophobes, racists, bigots, greedy baby-boomers and apathetic voters who now regret their decision? Or are we going to acknowledge that there is likely a high proportion of people in the country who had a good reason -- or more pointedly, have been negatively impacted and are no longer convinced of an upturn in their lives in the EU?
Yet they are doing that by having major figures saying immigration probably won't stop by the amount promised during the campaign and money not going to the NHS. You'd think now that Leave one they would come out and say "we will do everything possible to arrange that", yet they are already trying to downplay their responsibilities.Impossible to backtrack when we haven't left and thus cannot even begin to do any of the promises.
We are not talking about forecasts. We are talking about the fact that when you leave the EU, you get a negative impact on your economy. People might disagree on the level of impact, but there is no discussion about whether they is an impact.Lol guys.
https://next.ft.com/content/14e323ee-e602-11e3-aeef-00144feabdc0
There is a huge body of empirical research that proves economists can't forecast shit.
I speak to economists and also read what they write very regularly as part of my job. You really believe these guys don't try to forecast the results of the referendum and build those forecasts into their models?
http://www.bloomberg.com/news/articles/2016-05-24/here-s-how-likely-banks-think-brexit-is
Don't get me wrong. I have plenty of respect for what economists do but the fact is, the global economy is far more complex than what our current understanding makes it out to be. There are far too many moving parts to it which makes it very hard for anyone to fully comprehend and hence, forecast. Till this day, no one even knows for sure what really caused the Great Depression.
Lol. Anyone who works in the financial markets would have been able to tell you how the stock markets would react in the days after Brexit happened. It's not rocket science. What people don't know is what would happen a year from now.
Lol guys.
https://next.ft.com/content/14e323ee-e602-11e3-aeef-00144feabdc0
There is a huge body of empirical research that proves economists can't forecast shit.
I speak to economists and also read what they write very regularly as part of my job. You really believe these guys don't try to forecast the results of the referendum and build those forecasts into their models?
http://www.bloomberg.com/news/articles/2016-05-24/here-s-how-likely-banks-think-brexit-is
Don't get me wrong. I have plenty of respect for what economists do but the fact is, the global economy is far more complex than what our current understanding makes it out to be. There are far too many moving parts to it which makes it very hard for anyone to fully comprehend and hence, forecast. Till this day, no one even knows for sure what really caused the Great Depression.
They use forecasts based on polling.
The idea that "no on knows the counterfactuals" in modern economics is bullshit. People just want to pretend the world is going to do what they want it to do.
Knowing what to do is often hard. But we sure as hell know what not to do.
If you know all these things, then others do as well, yet chose to ignore it. That is different from not being able to predict it. You are comparing apples and oranges here.Just like how politicians and regulators know that bailing out the big banks in 2008 would create a giant moral hazard (that still plagues the economy till today) but went ahead and did it anyway?
Just like how the US government know that not reducing the budget deficit and selling more and more debt to the rest of the world would create a giant issue for the world economy many years from now but went ahead and did it anyway?
Just like how the Japanese central bankers know that QE is nothing but printing money to monetize their super massive external debt and would likely be extremely inflationary for the Japanese economy years from now still went ahead and did it anyway?
You sound so sure of yourself about what is the thing that people should not do when clearly politicians and experts have no clue themselves most of the time.
We are not talking about forecasts. We are talking about the fact that when you leave the EU, you get a negative impact on your economy. People might disagree on the level of impact, but there is no discussion about whether they is an impact.
This is also very different from predicting things. It is very hard to predict a financial crisis and when it comes, because you don't have the data. In this case, there is a clear option what is happening: you either leave, or you don't. And then you can calculate the possible impact of that.
Just writing off all the companies and people who have done the numbers and said it would have a large negative effect is irresponsible.
It would be like having the far majority if economists and politicians in 07 saying: "Watch out, there is a crisis coming!" And then ignoring them. It is not the same as predicting something, it is about analyzing the probable impact of a known event.
Even when a huge portion of the public is uninformed or misinformed?
And you know this because this was stated in the article I posted or are you just assuming?[/QUOTE}
Because they are going to use data as the basis as their analysis. And the data for predicting election results is polling. Done by statisticians and pollsters. If those people get it wrong, everyone's predictions are going to be off, because the data was bad.
Just like how politicians and regulators know that bailing out the big banks in 2008 would create a giant moral hazard (that still plagues the economy till today) but went ahead and did it anyway?
Just like how the US government know that not reducing the budget deficit and selling more and more debt to the rest of the world would create a giant issue for the world economy many years from now but went ahead and did it anyway?
Just like how the Japanese central bankers know that QE is nothing but printing money to monetize their super massive external debt and would likely be extremely inflationary for the Japanese economy years from now still went ahead and did it anyway?
You sound so sure of yourself about what is the thing that people should not do when clearly politicians and experts have no clue themselves most of the time.
Yes, they did TARP anyway because we know the alternative was worse. How did they know the alternative is worse? Because every time a country does the Austerity shit in response to an economic crisis, things go very badly. Every time.
You act as though these governments are actually acting w/ good information or with informed parties. They're often not. They're often full of know-nothing politicians responding to know-nothing voters concerned primarily with making themselves feel good, giving hand-outs to their base and winning reelection. Politicians love printing money like candy and causing inflation - there's your Moral Hazard- they do all the crap, steer the car into the ditch, and leave it to other people to fix when they're gone.
Cameron's doing just that right now.
This is why, year after year in the US, guys like the Pauls whine and cry about auditing the fed and making other changes. And every year, they don't get to. Why? Because making the Fed responsive to populist sentiment is bad. They have to do unpopular things, because people are ignorant and incapable of actually understanding the subject, in the same way many Judges issue terrible rullings on patents, sexual assault, trade, etc., because they don't actually understand the subject they're talking about.
The EU was also warned about the Euro causing problems with Monetary policy for a disparate group of nations with radically different needs, but they went and did it anyway, and now face the consequences.
This is pretty spot-on.
We had big advancements in LGBT rights, and Hillary will win in Nov.
And then the bees will attack
Well he's not that far off, as soon as Article 50 is invoked there will be a negotiation period of two years which most likely will be extended considering how much needs to be negotiated on.LOL, I heard from a friend that his family are shocked at how quickly things are being moved along by Europe. They thought they had at least 2-4 years before anything would really change.
I...I just can't.
Christ, no wonder we kicked their asses in the Revolutionary War.
Economist don't do referendum predictions.
We really going the way of "what do experts know"? If this continues, I really, really fear for future elections and decisions made by the people.
I REALLY hope we don't see this in November in the U.S. with Trump.
Unrelated, but I just wanted to add that this link is so terrible and can't be labelled a truly reliable source. I haven't read the actual references but the text itself is really sub-standard for a scientific report, the least problem being a lack of stating the sample sizes the stuff is supposedly based on.It sickens me that there are some who voted the opposite because they didn't think it would make a difference. If your vote isn't made with your own knowledge belief and will, do NOT vote!
Good.
http://www.cdc.gov/nchs/products/databriefs/db53.htm
40 percent of teens have damned dental fluorosis and fluoridated water isn't helping. That and who pretty much says it doesn't make a difference in terms of preventing decay.
For years now, numbers for decay have gone down, even when water isn't fluoridated.