The UK Referendum on Membership of the European Union

[Hurdegaryp]

Likewise.

Apparently there is quite a popular one

What Would Cromwell Do?

[The Joseon Dynasty]

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.

Damn, if that failed I was hoping to seek independence for my semi-detached in Bordon.

[Marcurix]

I've compiled my thoughts on the Brexit and its effects.

From a personal standpoint, my job is under threat. Even if this doesn't kill it, the second Scottish referendum probably will.

From the wider view, this was, if not the then close to, the worst possible result we could have gotten. The weak economy just got kicked in the teeth, and will probably keep getting kicked for the next while. European cooperation has been severely undermined and we are likely to be excluded from what remains. Education will suffer, research will suffer, defense will suffer, our nuclear deterrent will be put into question, we'll probably suffer a brain drain as the young educated people who wanted to remain leave for better prospects.

We've taken a big step to becoming a set of squabbling states, and easy targets for the big economic powers to take advantage of.

[Kelinfort]

Dow almost down 600 and still 2 hours left.

"But they stabilized!"

[Nanatsu no Tsuki]

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.

I highly doubt too that the UK would permit balkanization. Politically speaking, I think the UK is also way more stable than the Balkans has ever been.

[Novus America]

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.

Honestly very little is likely to happen at least in the short term. Investors hate change but also adapt to it. Markets overreact because most investors are sheep like. Remember that in investing doing what everyone else does is the worst thing to do.

The sucessful most investors are different. You cannot be great and he ordinary at the same time.

Everbody knows "buy low and sell high". But many do the opposite. Buy the trendy investments then dump them over the latest scare. Hence why many investors do not end up rich.

[Soldati Senza Confini]

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.

If that point was to come I am sure America would intervene.

After all, our markets are closely linked together to where if something catastrophic happens to your markets, we're fucked too. We're not gonna be fucked as badly cause we do business with everyone, but it'd be a large hit.

[Hurdegaryp]

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.

I highly doubt too that the UK would permit balkanization. Politically speaking, I think the UK is also way more stable than the Balkans has ever been.

Nothing is forever.

[Maurepas]

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 do kind of wonder in that regard though, while that might be true of Scotland, Northern Ireland is talking unification again, and I do wonder if the benefits of uniting with the EU Ireland might be more beneificial to them.

[Nanatsu no Tsuki]

I highly doubt too that the UK would permit balkanization. Politically speaking, I think the UK is also way more stable than the Balkans has ever been.

Nothing is forever.

Your sunny disposition is duly noted, Uncle Fester.

[Nanatsu no Tsuki]

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.

Honestly very little is likely to happen at least in the short term. Investors hate change but also adapt to it. Markets overreact because most investors are sheep like. Remember that in investing doing what everyone else does is the worst thing to do.

The sucessful most investors are different. You cannot be great and he ordinary at the same time.

Everbody knows "buy low and sell high". But many do the opposite. Buy the trendy investments then dump them over the latest scare. Hence why many investors do not end up rich.

Well, my concern is not just for the short term repercussions, but also the long term ones.

[Valaran]

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.

Its certainly not likely
After all, its not like having experts showing us how it is economically detrimental would fail to override ridiculous emotional arguments now, would it?

[Soldati Senza Confini]

Dow almost down 600 and still 2 hours left.

"But they stabilized!"

Well, it's not a free fall, and there have been upturns and down turns all day on the DOW after the "5 minutes of doom" today.

So it's not like we're under a major stock threat right now.

[Oneracon]

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.

If the end result a few years from now is that the UK just rejoins EFTA (to get to a situation like Norway, Liechtenstein, and Iceland)... I will probably not stop laughing for a while.

[Kelinfort]

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.

Honestly very little is likely to happen at least in the short term. Investors hate change but also adapt to it. Markets overreact because most investors are sheep like. Remember that in investing doing what everyone else does is the worst thing to do.

The sucessful most investors are different. You cannot be great and he ordinary at the same time.

Everbody knows "buy low and sell high". But many do the opposite. Buy the trendy investments then dump them over the latest scare. Hence why many investors do not end up rich.

"Buy low, sell high" actually means, "Jump high, land low".

[Novus America]

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.

Because breaking down to the indvidual level is anarchy. I know you dislike the leave campaign but the UK is able to survive on its own. Every region and city is not. Plus changing all borders every election would cause complete chaos.

[Souseiseki]

the UK stabs itself in the face out of spite for the EU. in response to this, scotland stabs itself in the face out of spite for the UK. in response to this, the shetlands stab themselves in the face to spite scotland.

chaos reigns as europe burns in an endless circle of everyone stabbing themselves and also each other in the face.

your find yourself standing alone on a rock, staring out into the sea. you look down. in your hand is a single solitary bloody knife. you know what must be done. the circle must be completed.

[Souseiseki]

I've compiled my thoughts on the Brexit and its effects.

From a personal standpoint, my job is under threat. Even if this doesn't kill it, the second Scottish referendum probably will.

From the wider view, this was, if not the then close to, the worst possible result we could have gotten. The weak economy just got kicked in the teeth, and will probably keep getting kicked for the next while. European cooperation has been severely undermined and we are likely to be excluded from what remains. Education will suffer, research will suffer, defense will suffer, our nuclear deterrent will be put into question, we'll probably suffer a brain drain as the young educated people who wanted to remain leave for better prospects.

We've taken a big step to becoming a set of squabbling states, and easy targets for the big economic powers to take advantage of.

yep pretty much

[Great Nepal]

Apparently there is quite a popular one

What Would Cromwell Do?

Found a grand Londonian army, built of expert soliders paid from London's financial sector, and liberate rest of England from age of ignorance?

[Mad hatters in jeans]

Honestly very little is likely to happen at least in the short term. Investors hate change but also adapt to it. Markets overreact because most investors are sheep like. Remember that in investing doing what everyone else does is the worst thing to do.

The sucessful most investors are different. You cannot be great and he ordinary at the same time.

Everbody knows "buy low and sell high". But many do the opposite. Buy the trendy investments then dump them over the latest scare. Hence why many investors do not end up rich.

Well, my concern is not just for the short term repercussions, but also the long term ones.

"Less British Tourists can afford to go abroad to Spain for holiday"

"Spaniards rejoice"

[Novus America]

Honestly very little is likely to happen at least in the short term. Investors hate change but also adapt to it. Markets overreact because most investors are sheep like. Remember that in investing doing what everyone else does is the worst thing to do.

The sucessful most investors are different. You cannot be great and he ordinary at the same time.

Everbody knows "buy low and sell high". But many do the opposite. Buy the trendy investments then dump them over the latest scare. Hence why many investors do not end up rich.

Well, my concern is not just for the short term repercussions, but also the long term ones.

In the long term the Brexit is just one ripple on the oncoming Tsunami. Change is coming, for better or worse. You can only adapt to it.

[The Joseon Dynasty]

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

Because breaking down to the indvidual level is anarchy. I know you dislike the leave campaign but the UK is able to survive on its own. Every region and city is not. Plus changing all borders every election would cause complete chaos.

As part of the ancient and proud kingdom of Wessex, we in East Hampshire are too culturally different from those closed-minded Mercian and Northumbrian peasants who pulled us out. If Wessex could survive on its own 1,000 years ago, surely we can do the same today.

[The Islands of Versilia]

Well, my concern is not just for the short term repercussions, but also the long term ones.

"Less British Tourists can afford to go abroad to Spain for holiday"

"Spaniards rejoice"

Don't trust 'em. They might rebuild the Armada...

[Novus America]

Dow almost down 600 and still 2 hours left.

"But they stabilized!"

Well, it's not a free fall, and there have been upturns and down turns all day on the DOW after the "5 minutes of doom" today.

So it's not like we're under a major stock threat right now.

It is just one day of trading anyways.

[Valaran]

Change is coming, for better or worse. You can only adapt to it.

This literally means nothing.

Change will happen is not very prophetic, since that is always the case. Change is a constant.