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https://www.gov.uk/voting-in-the-uk/overview
Am I missing something, or is that just an ignorant girl? |
The leading voters in favor of Brexit: the old and uneducated.
EU referendum: How the results compare to the UK's educated, old and immigrant populations |
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Tried calling my family in Yorkshire, and Bournemouth but I just got a fast busy. I guess the phones are just tied up.
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Look at these ancient knuckle-dragging pensioners celebrating Brexit.
http://forums.pelicanparts.com/uploa...1466811869.jpg |
One aspect that is very important to note lies within the automobile manufacturing industry in the UK.
The UE had mandated to manufacturers that they switch to a less harmful refrigerant by MY 2017. Dupont manufactures it, R-1234yf. You can imagine what the YF stands for. Just retooling for the change costs a ton of money, but so does the refrigerant, to the tune of about $2000 per 30 lbs. Now they don't have to switch, can continue to make automobiles as is, and may still manufacture replacement wiring harness smoke. |
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Frankly, I'm surprised it didn't happen a lot sooner. Among other things, why any of the EU countries would want to pay for Greece's blatant financial irresponsibility is beyond me. As has been said a million times, the problem with socialism is that eventually you run out of other people's money. Some postulate that the reason for the exit is immigration. Wakey wakey. That is a monetary issue as well. Why would they want to import more people to drain their financial situation? THe U.K. isn't California. |
i have an english cousin who works in scotland and a few other countries in the u.k. who doesn't know whether or not he'll need to get visas to work at those countries now. his company, who does i.t. security, may face unknown regulatory hurdles in the next two years.
as someone who makes a living on dividend income, i don't welcome the brexit as it introduces a fair amount of risk and uncertainty in the coming years. more than 20 years of free trade and predictable fiscal and monetary policy are now in risk. is a long overdue recession in the cards? the market sold off at high volumes at the lows. i predict more selling in the days ahead. brace yourselves for a rocky ride, gents. |
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The market ALWAYS over-reacts. Give it a week or two and everything will be business as usual. In the meantime, Henny Penny and the news media will be working overtime.
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BUT the Leave example set to other countries who will now radically break out will be ugly. I imagine border fences will soon go up in most northern EU countries. Young men pretending to be refugees will be rushing to get into those countries before the fences go up. Lots of EU people will rush into UK to get established before new Brexit rules can be drawn up. Things will settle down in about 10 years. |
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Cameron promised that if elected he would negotiate more favorable terms for Britain as a condition for staying within the EU and then hold a referendum for staying or leaving. He failed to do the former and was bitten badly when he did the latter. Obama's statements ("back of the queue"), which Cameron invited, hurt him too. And the refugee crisis, created wholly by Obama and Europe's non actions in the ME, combined with the European response of largely embracing those refugees, greatly increased the chances for Brexit as well.
In sum I think there were equally good arguments for staying and leaving but in the end Cameron got the referendum, if not the results, he wanted. Besides, in a month something else will dominate airwaves and all this will be moot... |
It is just phase one of the reunification of the USA and the UK
God save the Queen! |
My guess has been that the impact of this on our stocks will decrease in the next few weeks--especially on those who were really independent of all this, anyway. I hoped that the major impact, especially on stocks that really have no relationship to all this, happened on Friday. Bought about $12k of stocks that I've been watching for a while and were unfairly depressed along with the general surge.
It will be interesting to see the net effect on England. They will pay less to support other countries in the EU. Some in the EU will try to make them suffer for this decision. There will probably lose some contracts and some financial/travel issues will be more difficult. My guess is that a number of people who voted for the change inappropriately blamed membership in the EU for issues in their lives....which won't be any better by leaving. Will probably be such an odd mix of effects, may have a modest net change if at all. |
This comment from an FT article was pretty succinct:
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