Dr Mumbo

The columnist who predicted Brexit would be a ‘mere ripple’

Sometimes, you’ve got to take a punt.

Just ask News Corp’sTerry McCrann, who took a big one two days out from the British EU referendum in an angry column headlined “Why Brexit hysteria is unfounded“.

terry mccrann herald sun

If the Leave camp won, the impact on the global economy would be a “mere ripple” predicted McCrann, just 72 hours before two trillion dollars were wiped off global share market capitalisations. (And $400m after the market cap of his own employer News Corp, as it happens.)

In the not-entirely-prophetic column, McCrann went on to attack the “stupidity” of those who predicted that any such vote would “supposedly wreak havoc”.

terry mccrann brexit prediction

Any such predictions of a stock market crash were “rubbish” claimed McCrann.

Still, as David Cameron demonstrated, you can’t win ’em all.


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