Chart The Aftermath Of The Brexit Vote
For the first half of the year, we were warned early and often by authorities that the Brexit vote could be a calamity for the ages. For example, the IMF claimed that a “Leave” result would threaten to “cause severe damage”, while Standard and Poor’s said that it would “paralyze” investment in the UK. But, it turns out that the real Brexit casualty isn’t the UK economy – instead it is the reputation of the many professional economists who wrongly predicted doom and gloom as the likely aftermath....