"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Wall Street Brexit Fear Porn Failure Leaves Losers Flaccid
"JP Morgan chief executive Jamie Dimon, a leading proponent of Project Fear, said Brexit would be a ‘terrible deal for the British economy’ and could lead to 4,000 job losses at the bank’s UK operations. It donated £500,000 to Remain. But many analysts – including those who work for Mr Dimon – now believe the outlook is far brighter than previously claimed. Following the referendum, Goldman Sachs forecast that Britain would suffer a ‘technical recession’. But the bank, which also donated £500,000 to Remain, has now raised its growth forecast for 2017."
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