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No deal would be a huge buying opportunity. Even in the worst case scenario, the UK is almost certainly not going to collapse. I mean it’s survived way worse t
by jp555 8y ago
No deal would be a huge buying opportunity.
Even in the worst case scenario, the UK is almost certainly not going to collapse. I mean it’s survived way worse times.
It might take a beating, but it’ll figure it out.
- AndrewOMartin 8y agoBring on the good "almost certainly not going to collapse" times.
- hacknat 8y ago“When there’s blood in the streets, buy property.”
- justincormack 8y agoUK property prices rarely fall much the market just becomes illiquid for long periods.
- NeedMoreTea 8y agoWorst case scenario? Significant employers and businesses leaving for other EU nations? Hundreds or thousands of UK business undervalued presenting buying opportunities? Hundreds or thousands that will almost certainly not be in the UK five years beyond purchase, except in a much reduced or sales-only capacity. See almost every foreign takeover in recorded history. Like in the 80s, when half of an entire generation could not get work, or the work they trained for. We'll figure it out, for sure. At an opportunity cost of tens of thousands of lives, and who knows how many anti-depressant prescriptions as well as monetary cost. So yeah a great buying opportunity for those who don't need to endure the consequences.
- YeGoblynQueenne 8y agoSure. And Kazakhstan has survived worse times still. It's in way worse shape than the UK, in every aspect you want to compare. Maybe the UK after Brexit can survive like Kazakhstan survives? Or pick your (least) favourite nation that's in dire economic and social strates: DRC, Yemen, Myanmar, ... The UK will certainly survive. The question is: in what way.
- rapsey 8y agoUK has strong economic fundamentals. It is in better shape to withstand uncertainty then undeveloped economies.
- YeGoblynQueenne 8y agoMy understanding is that UK economy is just as fragile and precarious as any in the developed world, which is to say, uncomfortably so. What do you consider to be strong economic fundamentals?
- jp555 8y agoA few ideas that come to me are very strong institutions (rule of law, property rights, human rights, etc), extensive infrastructure (roads/transit, electricity, comms, etc), and a culture that supports and encourages free enterprise.