The polls going into the vote yesterday had the ‘remain’ camp with a slight lead. Were ‘leave’ voters not being honest with pollsters after the MP was murdered last week? I wonder what that tells us about our election in November? Will the Trump voters lie to pollsters about their intentions?
Bus driver, the EU grew out of the European Common Market. The UK joined that in 1972, confirmed by a referendum in 1975. That referendum was conducted in a far more rational manner.
The British expat retirees in Spain are in a world of hurt. They will no longer get healthcare that was provided to them as EU citizens. If they leave, their property values will take a huge loss. Also, Spain has said it will close the border with Gibraltar.
“As of right now, I don’t see how the US stock market drop because of Brexit is a big deal. The drop is not that big. The stock market averages were a lot lower in February,”
It’s a big deal to Joe and Jane Main Street who don’t have the ability to ride out swings in their portfolio the way you do, dstark. They needed that money now; they can’t ride it out and sit tight.
I woke up to this news. I’m stunned, absolutely stunned. This is a disaster for the markets, and for our own upcoming election.
“EU funded”??? Where do you think the EU gets its money from? The UK+France+Germany provide a disproportionate fraction of the EU budget. It’s the southern & eastern member countries that make out like bandits, while the UK gets a trickle of its money back.
The turkeys didn’t vote for Christmas. They voted to stop being Santa Claus.
Should a country’s social policy should be dictated by retirees who choose not to live in the country?
I was surprised, but was thinking that long term this probably should happen.
Would expect trade agreements to be drawn up to preserve stability.
Boris is presumptive PM. Don’t know his politics, but always enjoyed seeing him interviewed.
600 points out of 18000 … See what it looks like in a month. Plenty of time to panic later, no need to waste it all now.
Corporate Britain strongly supported the Remain camp. People are tired of listening to the experts, both political and academic, to tell them what they must believe.
I am amazed that so many educated Americans do not understand how the EU is a bad thing for many EU countries. It is a classic example of a bureaucracy that over-reached and is killing itself. Britons are just ahead of the game in leaving a sinking ship. At least they are doing it while their lifeboats are not also full of holes.
If it had remained simply the EC and not tried to be a wider government body it would likely have continued to survive. The EU is essentially yet another attempt by some in Europe to conquer the continent…only this time via bloodless coup rather than via war. Either way, it is bad for the world economy in the long term.
The market issues will be short-lived. The knee-jerk reaction by the uninformed.
The EU was an attempt to foster a larger community of nations to prevent what the first half of the 20th Century brought to the European people.
“I’m flying to the States in 2 weeks via AMS. Gotta see if I can change that routing to via LHR.”
I know you know this and would have taken this into consideration, but for others - traveling through LHR, you incur an extra tax that you don’t when you cross the pond through any other route. It can be a couple hundred dollars - reasonably significant.
I don’t know much about the EU arrangement in Britain but if it’s anything like TPP, I would be against it, too. Globalization didn’t help an average person as much as if at all it helped big corporations increasing inequality and turning the society into plutocracy. With open immigration, they even have servants to complete aristocracy. Is that what we want to leave to our children?
The pre vote predictions of this forum confidently predicted that Stay would win. Now everyone is in panic mode and predicting complete disaster. Calm down. The world won’t end.
“I fail to see how Brexit would hurts US economy? People don’t want United Kingdom Pound, for sure they want US Dollar!”
Have you taken a basic economics class? We are all interconnected. This has huge implications when a global superpower makes a move like this.
My niece worked in London for a few years; she is now back in the US getting a graduate degree. She’s stunned; her central London business associates were solidly stay, and she loved how she lived and worked with people from all over. She’s scared about what this means for nationalist candidates in the fall who foster us vs them divisions.
EU expats thrive in NY, Canada, Dubai, many non EU places. They will continue to do so in Blighty. The Leave vote was about external disconnected governance. And Cameron walked into this of his own accord.
But for the UK after Brexit, it’s not going to be business as usual. The ‘leave’ camp said they will negotiate for similar treatment that Switzerland or other non-EU countries have with the EU regarding trade and other arrangements. More likely the EU will play hardball to set an example to the other EU states contemplating their own exit that it’ll be very painful to go down that road.
@Pizzagirl, anybody who needs the money now should not be invested in stocks.
Between Thursday and so far this morning, the Dow Jones Industrial Average is down less than 2 percent. If an investor can not handle a 2 percent decline, the investor should not be in stocks.
Not happy about this. A small upside personally as S is attending university in GB and with the pound sinking his tuition will be lower for us. But overall, I was hoping the vote would go the other way.