The UK Referendum on Membership of the European Union

[Neu Leonstein]

Not completely wrong: http://www.independent.co.uk/voices/bre ... 00601.html

[Lady Scylla]

I have bipolar depression, and the meds they put me on threw me into a suicidal crisis to the point they nearly committed me. I was so close to blowing my brains out that I barely slept, and then handled panic-attacks, and a feeling that I was going to crawl out of my own skin for three days that I'm just now starting to get over. So please, tell me again what it's like to be personally fucked? Because I'd love to be fucking enlightened. Not that you'd probably care, it's fine, nobody else does -- but I've been through hell the last few days, so you'll forgive me if I'm being a bit of a bitch, and telling you to chill the fuck out.

i meant personally fucked by brexit

i'm not going to write a big spiel about my own life but i'll respond by saying you're not the only person that has almost killed themselves. if it makes you feel better every time i've made long posts about how this government has fucked over disabled people and mental health to the point that people have killed themselves over it or starved to death people have called me hyperbolic and told me to chill the fuck out, much like you are right now actually.

I never disagreed with you, just how you've been going about it. Hell, I've hardly any money myself, and I've had to struggle to just put food on the table -- sometimes resorting to nothing but bologna for a few weeks. I'm not happy about the leave, but what can I really do about it besides try and take care of myself? That's my main concern, myself, and those I care about -- and that means having to weather a storm to ensure I come out on the other side. I'm angry about it, and I know other people are struggling the same way, and as much as I wish I could help -- it just isn't within my power to do so. I can't fix everyone else's problems; I can only try and fix mine.

[Soldati Senza Confini]

I'd advise holding on to making any significant trades for the next month or so.

The thing about the market today is, it entered into a panic because of the unpredicted decision, so it has thrown the entire stock market into an unpredictable state. Investors and brokers have gone back to trading as if nothing happened, but they're probably wary about any new changes in the situation in the UK as of right now.

As well as they should. The FTSE has dropped 120BN pounds.

That is a lot of money in the global market.

For U.S. industries though, we're still not sure what all of that is going to mean for companies' branches in Europe and the UK.

[Kaztropol]

the regions that export the most to the EU or get the most EU subsidies seem to be the most likely to have voted for leave
amazing

most EU subsidies, usually means deprived areas. People living in deprived areas aren't as likely to be highly educated as people living in affluent areas.

Exports... what kind of exports ? manufacturing ? there's been a trend for a while of moving manufacturing jobs to lower cost countries, including other EU members. And a trend for EU citizens to be willing to work longer hours at lower pay rates, in UK factories, displacing UK citizens.

It's understandable, but I'm not sure that it's amazing.

[Great Nepal]

Not completely wrong: http://www.independent.co.uk/voices/bre ... 00601.html

If this ever turns into a political campaign, I'm so in. So where's the petition to grant London independence?

[Nanatsu no Tsuki]

As well as they should. The FTSE has dropped 120BN pounds.

That is a lot of money in the global market.

For U.S. industries though, we're still not sure what all of that is going to mean for companies' branches in Europe and the UK.

I'm sure it will not mean anything very positive.

[Valaran]

Not completely wrong: http://www.independent.co.uk/voices/bre ... 00601.html

If this ever turns into a political campaign, I'm so in. So where's the petition to grant London independence?

Likewise.

[Hurdegaryp]

Not completely wrong: http://www.independent.co.uk/voices/bre ... 00601.html

Also this.

[Novus America]

As well as they should. The FTSE has dropped 120BN pounds.

That is a lot of money in the global market.

For U.S. industries though, we're still not sure what all of that is going to mean for companies' branches in Europe and the UK.

It will sort itself out mostly at least in the short term. The market is very skittish, and most
many investors are like lemmings. The market disruptions from this are just an expected result. Look what happened to China recently. People panic.

The Brexit is again just one symptom of a rabidly changing world. Investors dislike change. So as the world continues to change so overreactions in the markets are going to happen.

[Soldati Senza Confini]

That is a lot of money in the global market.

For U.S. industries though, we're still not sure what all of that is going to mean for companies' branches in Europe and the UK.

I'm sure it will not mean anything very positive.

The one thing I can say for sure is that the UK is going to get fucked over pricing temporarily.

Since the pound devalued, American companies are going to try and rise the price of products on the UK branches.

[The Joseon Dynasty]

My council of East Hampshire voted Remain. We're being pulled out against our will. I want independence.

[Nanatsu no Tsuki]

I'm sure it will not mean anything very positive.

The one thing I can say for sure is that the UK is going to get fucked over pricing temporarily.

Since the pound devalued, American companies are going to try and rise the price of products on the UK branches.

I can only hope the butt fudge is only temporary.

[The Islands of Versilia]

Hopefully the Pound doesn't go the way of the Reichsmark.

[Soldati Senza Confini]

Hopefully the Pound doesn't go the way of the Reichsmark.

It won't.

The pound is strong still, just not as strong as it was before.

[Great Nepal]

If this ever turns into a political campaign, I'm so in. So where's the petition to grant London independence?

Likewise.

Apparently there is quite a popular one

[Novus America]

Hopefully the Pound doesn't go the way of the Reichsmark.

It will not. Even the Rouble largely rebounded, and Russia went through a lot worse.

[Neu Leonstein]

For U.S. industries though, we're still not sure what all of that is going to mean for companies' branches in Europe and the UK.

Well, nobody knows anything. The Leave campaign was able to get away without ever having to spell out what it would actually do if it won. The alternative scenarios now are all over the place, ranging from "nothing much changes" (eg Norway) to "complete clusterfuck" (eg rushed through WTO-rule FTA only). And we'll now witness a number of political mini movements rising up and self-immolate as one Leave campaign promise after the other is exposed for the lie it was.

[Nanatsu no Tsuki]

For U.S. industries though, we're still not sure what all of that is going to mean for companies' branches in Europe and the UK.

Well, nobody knows anything. The Leave campaign was able to get away without ever having to spell out what it would actually do if it won. The alternative scenarios now are all over the place, ranging from "nothing much changes" (eg Norway) to "complete clusterfuck" (eg rushed through WTO-rule FTA only). And we'll now witness a number of political mini movements rising up and self-immolate as one Leave campaign promise after the other is exposed for the lie it was.

In terms of global economics, what do you think could/might happen? Just as a hypothetical. IIRC, you're very knowledgeable when it comes to economics.

[Novus America]

My council of East Hampshire voted Remain. We're being pulled out against our will. I want independence.

It does not work that way. At some point you draw a line. You cannot Balkanize every country every time there is some disagreement from one area to the next.

[Soldati Senza Confini]

The one thing I can say for sure is that the UK is going to get fucked over pricing temporarily.

Since the pound devalued, American companies are going to try and rise the price of products on the UK branches.

I can only hope the butt fudge is only temporary.

Hopefully, it will.

I mean, the damage, compared to American economy, is not as horrible as to devalue their coin below the US Dollar, but it is still pretty bad.

[Kelinfort]

Seriously though, as bad as results are, please don't engage in this secessionist bullshit.

Besides you might not even leave, given how long everything will take and how public sentiment may shift.

[Great Nepal]

My council of East Hampshire voted Remain. We're being pulled out against our will. I want independence.

It does not work that way. At some point you draw a line. You cannot Balkanize every country every time there is some disagreement from one area to the next.

Why? I mean every single campaign slogan and speech made by leave campaign equally applies to independence of regions, cities, councils, houses, and individuals.

[Uxupox]

Well anyhow Spain in a few weeks has the Catalonia issue at vote, which im sure the people of Catalonia will vote for Independence.

Yup, and the whole time I'll be hating myself

After Catalonia viene Galicia y después Navarra!

[The Islands of Versilia]

Hopefully the Pound doesn't go the way of the Reichsmark.

It won't.

The pound is strong still, just not as strong as it was before.

That's a relief.

I would hate for to us to end up in a situation where we have to constantly borrow money just to keep us afoot.

[Soldati Senza Confini]

Seriously though, as bad as results are, please don't engage in this secessionist bullshit.

Besides you might not even leave, given how long everything will take and how public sentiment may shift.

I have to agree with this.

As much as it hurts the UK economy that Brexit passed, balkanizing the UK even further won't bring any economic benefits whatsoever.