Take a look at these faces. They are just of few whose predictions about Brexit were wrong.
Way back before the Brexit vote took place, we and others were warning about the scaremongering crowds. That's right, plural. Politicians, bureaucrats, even a president flew across the Atlantic sounded the tocsins of doom. That alone should have told you something.
And that in part in our view shapes much the near global piling on Mr. Trump in his quest to unseated the status corrupts. Again, plural. Any behaviorist worth his or her sheepskin will tell you fear is a greater motivator than greed. And the greedy global elites are up to their earlobes in the scary stuff from the halls of Goldman Sachs to those of academia and Brussels. We'd include more but the list is too long.
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Establishment institutions, as well as global investment
banks, issued united and terrifying warnings of economic disaster if
Britain opted out of the European Union (EU), in an effort to sway the
public into voting to Remain.
Yet figures released yesterday showed booming Britain's economy grew by 0.5 per cent in the three months after the vote, providing the crowning piece of unarguable evidence that the vote to leave did not negatively impact the UK.
The Treasury, under the leadership of George Osborne, had predicted Britain would fall into immediate recession after a Brexit vote, with GDP coming in at -0.1 per cent in the third quarter of 2016.
But yesterday the Treasury admitted the claim had been based on GUESSWORK which turned out to be wholly ill-informed. More:
blacklistednews.com/Treasury%2C_Bank_of_England_and_IMF_Brexit_forecasts_proved_wrong
Along the same lines, here's another view about the subject from today's Barron's. The way we see it the UK will come of a much more desirable place that others will want to do business with. Patient holders of the pound will be rewarded nicely in the end.
barrons.com/articles/brexit-will-liberate-brits-says-top-u-k-investor
Way back before the Brexit vote took place, we and others were warning about the scaremongering crowds. That's right, plural. Politicians, bureaucrats, even a president flew across the Atlantic sounded the tocsins of doom. That alone should have told you something.
And that in part in our view shapes much the near global piling on Mr. Trump in his quest to unseated the status corrupts. Again, plural. Any behaviorist worth his or her sheepskin will tell you fear is a greater motivator than greed. And the greedy global elites are up to their earlobes in the scary stuff from the halls of Goldman Sachs to those of academia and Brussels. We'd include more but the list is too long.
----
Yet figures released yesterday showed booming Britain's economy grew by 0.5 per cent in the three months after the vote, providing the crowning piece of unarguable evidence that the vote to leave did not negatively impact the UK.
The Treasury, under the leadership of George Osborne, had predicted Britain would fall into immediate recession after a Brexit vote, with GDP coming in at -0.1 per cent in the third quarter of 2016.
But yesterday the Treasury admitted the claim had been based on GUESSWORK which turned out to be wholly ill-informed. More:
blacklistednews.com/Treasury%2C_Bank_of_England_and_IMF_Brexit_forecasts_proved_wrong
Along the same lines, here's another view about the subject from today's Barron's. The way we see it the UK will come of a much more desirable place that others will want to do business with. Patient holders of the pound will be rewarded nicely in the end.
Martin Hughes had already established
himself as a top-ranked bank analyst and was working at Credit Lyonnais
Laing in London when he caught the attention of American hedge-fund
legend Julian Robertson in 1997. Hughes was soon investing in global
financial stocks for Robertson’s Tiger Management. It didn’t last long.
Amid the dot-com crash in 2000, Robertson closed his hedge funds, but
that was hardly the end of Hughes. He launched Toscafund Asset
Management, named for the small Italian town where his wife’s family
owns a home. Today, Hughes runs $3 billion from bright, open office
space in London’s historic Covent Garden, where he’s built an excellent
16-year performance record.
A University
of Birmingham graduate whose father was the proprietor of a
kitchen-appliance shop in East London, Hughes is bullish on Britain’s
prospects. He believes Brexit will “unwind the years of hindrance, regulation, and controls” and will “unleash the best in the British people.”
Hughes
dismisses the recent weakness of the British pound as a “red herring”
because it won’t rattle U.K. investors who’ve had to deal with its long
rise and subsequent fall. Foreigners, he advises, should simply protect
themselves from volatility by hedging.
Hughes,
55, has spent a large part of his career focused on the U.K., where he
invests mostly in small private and public companies, trying to get in
before they become too well- known to European investors and analysts at
big brokerage firms. The biggest chunk of the firm’s assets, $900
million in all, is invested in Tosca Opportunity ($586 million) and a
related fund that uses the same strategy. They target companies with
market values of 50 million to one billion British pounds ($61 million
to $1.22 billion).
barrons.com/articles/brexit-will-liberate-brits-says-top-u-k-investor
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