This Man Dahna Pub, Right? 'E Knows More Than The B****ing Experts!

Through the door, the usual circulars – and an unusual circular:

Tim Wetherspoon makes his case against the scare stories about food prices post-Brexit, but unlike the usual news media he follows this double page with six third-party articles about the in/out issues, three from each side. How different!

file:///C:/Users/Welcome/Downloads/Wetherspoon%20News%20Winter%2018%2019%20%20Tims%20Viewpoint%20and%20the%20Circle%20of%20Deceit.pdf

But what I’d like to focus on here are two points from above, on the flawed expertise of the experts:

Wetherspoon is substantially correct, though he overlooks retention of the costs of collection:

But how can the experts not know this?

Fabrice Montagné is the Chief UK and Senior European Economist at Barclays Investment Bank. Previously he worked at the French Treasury, then at FFR (the French Pensions Reserve Fund, managing funds for public authorities), and then the Dutch Central Bank.

Mark Brumby has a degree in “Economics Macron & Micro Trends” from Cambridge and is the Principal of Langton Capital. According to his profile on LinkedIn he “has occupied positions in both corporate finance and in fund management when he ran the US$100m Global Leisure Fund for Banque Pictet in Geneva. He returned to the UK in 2002 in order to co-found Oriel Securities and has since worked at Blue Oar Securities before founding Langton Capital in 2010.”

Anyone else for a subscription to Wetherspoon News?