Figured I should warn people against LARPing as Economists

[dholland662]

For More on How Quickly the Britbong Stocks Rebounded see Andrew Neil's twitter (@afneil). A British Newsman.

[Gamdwelf]

Since I almost have a master's degree in economics I'm not LARPing as an Economist. I am one.

[Celista]

Valuation tends to bounce around erratically until people stop freaking out.

Since I almost have a master's degree in economics I'm not LARPing as an Economist. I am one.

Really? *Thumbs up*

<- econ minor in undergrad

[Independent voter]

Yeah, the economic crash was a bit of a let down. My retirement funds dropped a hair and bounced back.

My guess is everyone was prepared for the possibility of a leave vote.

[Aeluron Lightsong]

Silly Celista, evees can't be economists



OT: Doesn't surprise me economy is relaxing.

[Spectral]

Well, I'm sure it'll be the worst anyway. All the smart people told me so. Only a silly person could believe that the United Kingdom is capable of a being an independent nation.

[Nihilist74]

Would higher capital gains tax make the stock market more stable? People would be less likely to short sale their stocks even when something bad happens? I don't know much about investing in the stock market. Im asking for an opinion on what the effect would be of higher capital gains tax.

[GennGreymane]

Well, I'm sure it'll be the worst anyway. All the smart people told me so. Only a silly person could believe that the United Kingdom is capable of a being an independent nation.

Ive been told its more about being competitive.

[Chetnik]

There's no way individual nation states can survive in today's world. Imagine, for just a second, if South Korea decided to leave the United States. You think they can take care of themselves?

[Shadowmelded]

After a £250 billion cash injection, sure.

[Cricket22]

Would higher capital gains tax make the stock market more stable? People would be less likely to short sale their stocks even when something bad happens? I don't know much about investing in the stock market. Im asking for an opinion on what the effect would be of higher capital gains tax.

If you raised the capital gains taxes high enough to make that much of a difference, what would be the point of playing the market?

I short sold the day before, and did rather well, thank you.

But not as well as I did on the betting markets, which offered odds of 10 to 1!

[Deletedaccount1]

Like I said in the other thread, Brexit is going to hurt weaker European economies more than it is going to hurt the UK.

[Milchshake]

Britain is fixt.

Not like anyone resigned and the uncertainty of new elections. I mean, what happens when people realize their votes matter this time, and elect a pro-EU government to replace Cameron. How do markets react to irony?

[Gamdwelf]

Valuation tends to bounce around erratically until people stop freaking out.


Really? *Thumbs up*

<- econ minor in undergrad

Yeah, and took a bunch of grad level classes getting a ways towards a masters, but Would have cost me a lot and wouldn't necessarily gotten me a job. So I didn't finish it out.

[Deleted]

For More on How Quickly the Britbong Stocks Rebounded see Andrew Neil's twitter (@afneil). A British Newsman.

yes, no one expected anything else. the economic hit will happen when we leave and over the next 2 years and companies slowly and quietly move business elsewhere.

AN is deliberately misrepresenting this as he is basically a Tory PR machine.

Also, it cost us 250bn to reassure markets and recover a 90bn drop.....

[Theodarzna]

I put on my wizard hat and cast magic missile!

[Tempguy]

Since I almost have a master's degree in economics I'm not LARPing as an Economist. I am one.

Do you work as an economist? Cause until you actually do it in real life, your degree doesn't make you one.

Just saying man. I have a culinary arts cert, as well as completion of all my Business/MIS and Biotech degree and I am none of those things right now.

And economists are wrong a lot anyway. Not really something to be proud of.

[Gamdwelf]

Do you work as an economist? Cause until you actually do it in real life, your degree doesn't make you one.

Just saying man. I have a culinary arts cert, as well as completion of all my Business/MIS and Biotech degree and I am none of those things right now.

And economists are wrong a lot anyway. Not really something to be proud of.

An economist is a professional in the social science discipline of economics.

Meh close enough.

[Rasulis]

Yeah, the economic crash was a bit of a let down. My retirement funds dropped a hair and bounced back.

My guess is everyone was prepared for the possibility of a leave vote.

Most retirement funds are pretty conservative. So you will likely see your funds go up from people switching from risky stocks/funds to more stable stocks/funds.

[melodramocracy]

Hardly an economist, but stocks tend to follow human nature. They're extremely pessimistic, and also have fairly short memories (thanks in no small part to people jumping on buy opportunities rather quickly)