A Guardian columnist walking round one of the UK's poorest districts bewildered that white working class people do not share his opinions on the European Union:
http://www.theguardian.com/commentisfree/video/2016/jun/14/l...
Smugness is certainly a fact, but so is that brexit will leave the UK economically worse off in pretty much all respects. Especially the poor.
Citation needed. But not those made-up by economists, pundits and bureaucrats making money by being pro-EU and working within EU organization and with EC money...
And they comingle with people in power and others with large interests all the time.
It's like having a computer science professor in "databases" that's also a stakeholder in MongoDB.
>which sell off everytime the risk of Brexit rises, and rally when the risk of Brexit falls. So people put their money where their mouth is.
That's only short term assets they play with -- to make a quick buck on the uncertainty before and after a Brexit--, it doesn't show anything with regards to the medium- and long-term prospects of a Brexit.
Sterling is up against USD since March. Besides, a low pound can be good for exports/manufacturing. The idea that if the pound drops against the USD it's categorically "bad" is untrue and simplistic.
When David Cameron was campaigning, he said he'd be glad to have a referendum and he thought that a Brexit might actually be better for the UK. Thanks to that he was voted in with a majority, and promptly changed his tune to saying a Brexit would be lead to a catastrophe. Funny how he changed his mind so quickly. Also funny how the "neutral" economists didn't pipe up to correct Cameron during the election.
The US housing bubble collapse was widely and publicly predicted by leading independent (that is, those not working for banks or government) economists of every political stripe for many years before the collapse.
They were widely reported in major news media, including appearances on "media talk shows".
Politicians being politicians. Here's Borris before and now.
https://tompride.wordpress.com/2016/05/28/the-great-eu-debat...