Brexit no deal

[CharlesHarris]

Business Insider is a respected publication which seems to hit close to the mark most of the time.

I agree that the doomsayers are those who hope to make a killing on "short sales" and they wish to create panic sell-offs and plunging prices which they can pro from.

While the picture is not entirely rosy, it is not as dire as some people would have you believe:

https://www.businessinsider.com/no-deal-...omy-2018-7

Some key points from the article:

The... government admitted it is stockpiling food and medicines in preparation for such an occurrence, and Trade Minister Liam Fox told Business Insider that Britain should "leave without a deal" if one has not been secured by the end of the Article 50 period...

Vicky Redwood, global economist at Capital Economics, argued that while "more extreme" warnings about the economic hit of no deal are being "overblown," a significant impact negative impact could still be expected.

"Although the more extreme warnings about the short-term impact of a 'no-deal' Brexit on the economy are overdone, there is little doubt that it could deal a reasonable blow to GDP growth next year," Redwood wrote to clients.