by Dave » 15 Dec 2018, 14:10
Using a car breakdown isn't the best analogy here. If your car breaks down and you don't know anything about mechanics, you would indeed take it to a garage, but then your relying on the garage being reputable, charging you a fair price for only the work that needed doing, take to a dodgy dealer, and they could convince you into parting with a lot of money for that doesn't need doing, if you didn't know any better how would you know. See.
Bit like economics most of us are lay men who don't really understand. Some one on the BBC news says the pound has fallen because of a bleak Brexit warning, and we're like' oh no the pounds fallen in value what are we going to do' without really understanding what it means.
I'm no expert but what I do know is the bank of England make forecasts based on assumptions of what they think (not know) is going to happen, the Bank England are not deliberately lying to anyone, but you can have best or worst case scenarios based on whatever narrative that suits after all, the bank of England don't appear to have a single forecast right since Hovis invented bread.
Mark Carney warned in 2016 a leave vote would cause a technical recession in the UK. Didn't happen.
Then earlier this year, the same Mark carney admitted his pre referendum predictions were all wrong. No shit, thankfully must didn't believe you then and don't now, as project fear, no surprise now the date looms large has turned into project hysteria.
Using a car breakdown isn't the best analogy here. If your car breaks down and you don't know anything about mechanics, you would indeed take it to a garage, but then your relying on the garage being reputable, charging you a fair price for only the work that needed doing, take to a dodgy dealer, and they could convince you into parting with a lot of money for that doesn't need doing, if you didn't know any better how would you know. See.
Bit like economics most of us are lay men who don't really understand. Some one on the BBC news says the pound has fallen because of a bleak Brexit warning, and we're like' oh no the pounds fallen in value what are we going to do' without really understanding what it means.
I'm no expert but what I do know is the bank of England make forecasts based on assumptions of what they think (not know) is going to happen, the Bank England are not deliberately lying to anyone, but you can have best or worst case scenarios based on whatever narrative that suits after all, the bank of England don't appear to have a single forecast right since Hovis invented bread.
Mark Carney warned in 2016 a leave vote would cause a technical recession in the UK. Didn't happen.
Then earlier this year, the same Mark carney admitted his pre referendum predictions were all wrong. No shit, thankfully must didn't believe you then and don't now, as project fear, no surprise now the date looms large has turned into project hysteria.
