Oh yeah I forgot all the benefits of NAFTA like....ummmm or ohyeah who can forget uhhhhh. What were they again?
CNN:
The UK has been a member of the European Union (and its precursors) since 1973, and it will take at least two years -- if not more -- to sort out the exit from the 28-country bloc.
The social experiment was a failure.
Can someone actually explain to me why the markets are reacting like this? Are they just startled because they've been completely complacent about risk and overvalued, or is this a real economic issue? I mean Britain has its own currency anyways, it will probably negotiate trade deals with EU that maintain the status quo as much as possible. Why would Japanese Yen rally 5% vs the dollar over this?
when the EU was originally planned, it was due to be composed only of the economically stable countries, so NOT poland; which sure, lately has come a long way (mostly through money coming in from the other EU countries), but the watering down of the stronger economies was obvious. with poland the choice was reasonable, due to GDP, education, etc ..
but we were meant to be OUR europe, not everyone's europe. the reason why it has failed is partly due to the insane immigration. each country has its own loopholes, and once you are in, you can go "anywhere" (the UK), and the EU itself has more.
Democracy 1
Fear Mongering 0
Italy is probably first in line. They have some serious economic problems and polls say like 51% want out.
One thing we all can count on starting tomorrow.
Stocks will tank and your 401K's will take a major loss.
And retirees will cry foul, employers will be in shock, and anyone planning on their 401K for retirement better have a plan II in place.
All we need now is to elect Donald Trump.
Then all the nightmares about the future will come true.
Sleep well...
Probably a stupid question, but what exactly does this mean for the U.S.?
I ask that because the financial markets are shitting themselves over the actual decision now. I guess the financial markets have a little bit of influence with the U.S. economy?
Questions, if the Scots mostly (55% or so?) wanted to stay, could this lead to a rush vote to leave the UK again?
obviously the stock market is taking the plunge. people smarter than us know that leaving is a mistake which will make the UK weaker.
waiting now to hear from all the pro-exit to tell me how me & every economist and speculator in the world are wrong.
It's all stupid people's fault, of course.
obviously the stock market is taking the plunge. people smarter than us know that leaving is a mistake which will make the UK weaker.
waiting now to hear from all the pro-exit to tell me how me & every economist and speculator in the world are wrong.
people keep saying this but it was never a social experiment, it was supposed to be exclusively an economic union.
when the EU was originally planned, it was due to be composed only of the economically stable countries, so NOT poland; which sure, lately has come a long way (mostly through money coming in from the other EU countries), but the watering down of the stronger economies was obvious. with poland the choice was reasonable, due to GDP, education, etc ..
but we were meant to be OUR europe, not everyone's europe. the reason why it has failed is partly due to the insane immigration. each country has its own loopholes, and once you are in, you can go "anywhere" (the UK), and the EU itself has more.
don't blame the problems resulting from one situation on another.