General Discussion

Corporate666

(587 posts)

41. Of course there will be repercussions

Thu Jun 23, 2016, 10:00 PM

Jun 2016

But the only LOL is directed at the chicken littles who are predicting global economic meltdown, war, dissolution of the EU, ruined economies, mobs of roving racists hanging muslims from lightposts and the like.

What a bunch of shite.

Nobody really expected a Brexit, so it hasn't been priced into the currency. There's more volatility now because the markets are currently closed and you have traders getting their orders in before market opening either on the basis of speculation or to unwind trades that were placed previously.

The effect of the UK leaving a trade union when that transition happens over the course of years is going to be much smaller than the aforementioned chicken littles are afraid of.

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Highlight:

Early BREXIT results: "LEAVE" unexpectedly strong in first reporting districts... [View all] brooklynite Jun 2016 OP

Remain up by 20,000 oswaldactedalone Jun 2016 #1

382 local authorities. NuclearDem Jun 2016 #2

Swindon goes heavy for leave oswaldactedalone Jun 2016 #3

Broxbourne goes heavy for leave oswaldactedalone Jun 2016 #4

The whole of London is likely to go very heavily for remain. NuclearDem Jun 2016 #5

Lower turnout expected in London because of weather. brooklynite Jun 2016 #7

Bad weather in London? Motown_Johnny Jun 2016 #8

They had a month's worth of rain today and there was flooding. greatauntoftriplets Jun 2016 #13

London turnout: Denzil_DC Jun 2016 #15

Out ahead now DemFromPittsburgh Jun 2016 #6

Leave is kicking azz oswaldactedalone Jun 2016 #9

Wow, some experts starting to predict victory for Leave tritsofme Jun 2016 #10

Latest from The Guardian: Leave 52%, Remain 48% Night Watchman Jun 2016 #11

Remain slashes the lead oswaldactedalone Jun 2016 #12

Watching the BBC feed oswaldactedalone Jun 2016 #14

Its starting to look like the "remain" folks didnt show up to vote. DCBob Jun 2016 #16

Why would it get ugly? Corporate666 Jun 2016 #21

Uncertainty will roil the markets and business and investments. DCBob Jun 2016 #24

What uncertainty? Corporate666 Jun 2016 #30

And the pound sterling is down over 5% right now Ruby the Liberal Jun 2016 #33

5% isn't a big deal Corporate666 Jun 2016 #39

Its 8.4% now Ruby the Liberal Jun 2016 #40

Of course there will be repercussions Corporate666 Jun 2016 #41

Bye bye EU oswaldactedalone Jun 2016 #17

BBC reports a "Senior Labour Figure" believes LEAVE will win... brooklynite Jun 2016 #18

Johnson made some racial slurs toward our President, so I am pretty disappointed, but not surprised still_one Jun 2016 #26

The betting markets have now shifted in favor of "LEAVE" brooklynite Jun 2016 #19

Listening to Sky - they seem taken aback by how minimal the early Remain victories were Ruby the Liberal Jun 2016 #20

The markets must be about to go flamingdem Jun 2016 #22

FTSE futures down 4% brooklynite Jun 2016 #23

live BBC counts here Takket Jun 2016 #25

Thanks for posting this link Takket... Purveyor Jun 2016 #34

Remain just took the lead! DCBob Jun 2016 #27

just saw that. Wow, is this nerve wracking still_one Jun 2016 #29

This will have global repercussions. Such recklessness. Metric System Jun 2016 #28

Message auto-removed Name removed Jun 2016 #31

I don't understand the lure of repeatedly signing up and getting banned. It seems like a different uppityperson Jun 2016 #32

Western civilization is becoming increasingly fractured and polarized davidn3600 Jun 2016 #35

Actually, this has more to do with UKIP and some Tories NuclearDem Jun 2016 #36

That and good ol' fashioned racism n/t Nevernose Jun 2016 #42

50.2 stay versus 49.8 leave a minute ago on Rachel. Hortensis Jun 2016 #37

update Takket Jun 2016 #38