@GMTplus7, the poor places in England weren’t the ones who were net payers in to the EU.
I foresee Scotland splitting off, ethnic/religious tensions in N. Ireland flaring up again, American multinationals relocating their European HQ’s to Ireland (and Scotland once the Scots leave) and the rump UK (really England by that point) being dictated to by the EU.
@NoVADad99 , agreed it won’t be business as usual. But re: hardball, look at the voting map. Leave (in blue) prevailed in the parts of England where people benefit the least from the EU. If the EU tries to punish the UK, they will end up mostly harming the Stays.
Judging from the EU’s dithering in response to the immigration and Ukraine crises, I don’t expect a forceful, determined riposte here.
Main Street has no clue what solutions are for decades of going nowhere so main street is flailing. This is happening in many countries.
I don’t see how Brexit helps the macro economy in the UK but people are mad so…
As far as the US goes, I guess the Fed is not going to be raising interest rates for awhile. There may be a chance for some to refinance their mortgages. The 30 year bond is yielding 2.33 percent. I have no idea how pension plans are going to make enough to meet their obligations.
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,
People get so nervous because of uncertainty. Whatever. 
Do those parts of the map that voted for ‘Leave’ expect a miraculous recovery of their economic prospects and to return to the ‘good old days’ just by this vote? If nothing changes, who are they going to blame?
nobody knows what the outcome will be 5 -10 years down the road. it could be very good or very bad. time will tell.
That’s just about everywhere except London and Scotland.
This will likely hearten those in other countries who seek their own exits. Perhaps the EU will collapse and reconstitute itself again. Not the worst of outcomes.
Here’s the map in the Washington Post:
It’s NOT just London and Scotland as you can see.
France replaced the UK as world’s fifth largest economy.
My british family are all upset. My sister and cousins all voted remain. Suffice to say they’re not pleased, especially as it seems that Boris Johnson will replace Cameron.
“France replaced the UK as world’s fifth largest economy.” literally overnight??? I do not think so. nothing can be determined about this for years to come.
@shawnspencer wrote
Didn’t our Founding Fathers vote for Amexit?
“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.” (Post #69)
Tom, people may be tired, but many of us “listen” to experts because they are frequently correct. Whether doctors, lawyers, or a teacher that we admire, advice from those with education and experience is something that often has value. We might not like the advice given, but we ignore it at our peril.
Britain will have to renegotiate every trade deal, every border agreement. The inefficiencies created by Brexit will be massive and costly–things that taxpayers and businesses don’t usually like. It will be interesting to hear what the exit voters have to say in four or five months, which will be right about the time people in the US will be considering whether or not to “listen to the experts.”
@Agincourt, I can imagine plenty of bad outcomes from the collapse of the EU.
The problem with humans is that we tend to die soon after 70-80 or so. So the horrors and hard lessons of 70, 80, 100 years ago are forgotten as not enough people read history, politics, and economics. And humans also tend to be optimistic creatures and many have limited imaginations so they blithely assume that all will be fine regardless of what they do. No German who voted for the Nazis believed that they were voting for their country to be in utter ruins with millions or Germans killed, wounded, raped, etc. a decade later. Almost none were voting for the Nazis to carry out the atrocities that they did.
@PurpleTitan, inappropriate and pointless comparison
I can understand their wish for greater autonomy but this makes me sad. Remember when the Common Market was coming together and the Chunnel being built? They had been bitter enemies with France for centuries and then they were driving to a country house on the other side of the water.
Godwin’s law FTW #93.
I’m shocked by the result! Didn’t think they would pull it off.
@50N40W indeed… Thread hijack alert
I think the Scottish and NI situations are different. NI can "re-enter’ the EU by becoming part of Ireland. Scotland separating from the UK would likely require a new application to EU, unless the negotiated exit has special circumstances for Scotland.
