Can we talk Brexit without getting PARFy?

[Reddy Kilowatt]

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

[Baz]

[JD159]

Originally Posted by black_falcon

the teenagers are coming out on Twitter - cringe

I bet when her parents see her twitter they think #whathavewedone

[Scott R]

Tried calling my family in Yorkshire, and Bournemouth but I just got a fast busy. I guess the phones are just tied up.

[widebody911]

[tdw28210]

Look at these ancient knuckle-dragging pensioners celebrating Brexit.

[mattdavis11]

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.

[Reddy Kilowatt]

Originally Posted by mattdavis11

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.

Because they don't plan to sell them to customers in the EU?

[Por_sha911]

Can we talk Brexit without getting PARFy?

Miracles still happen in the 21st century but I doubt God will intervene on this one.

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.

[rayng]

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.

[Por_sha911]

Originally Posted by rayng

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.

Those twenty years you enjoyed are akin to living it up big while on vacation but oh shoot, now the credit card bills are coming in and someone has to pay for that excess.

[Por_sha911]

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.

[zelrik911]

Originally Posted by ckissick

Norway and Switzerland have never been in the EU, are they're doing just fine. I suspect after the dust settles the UK will "carry on" as normal.

UK exit will happen in a slow dignified way.

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.

[mattdavis11]

Originally Posted by Reddy Kilowatt

Because they don't plan to sell them to customers in the EU?

Regulations, things will change down the road. Daimler shredded Honeywell DuPont.

[cairns]

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...

[scottmandue]

It is just phase one of the reunification of the USA and the UK


God save the Queen!

[RF5BPilot]

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.

[TheMentat]

This comment from an FT article was pretty succinct:

Firstly, it was the working classes who voted for us to leave because they were economically disregarded and it is they who will suffer the most in the short term from the dearth of jobs and investment. They have merely swapped one distant and unreachable elite for another one.

Secondly, the younger generation has lost the right to live and work in 27 other countries. We will never know the full extent of the lost opportunities, friendships, marriages and experiences we will be denied. Freedom of movement was taken away by our parents, uncles, and grandparents in a parting blow to a generation that was already drowning in the debts of our predecessors.

Thirdly and perhaps most significantly, we now live in a post-factual democracy. When the facts met the myths they were as useless as bullets bouncing off the bodies of aliens in a HG Wells novel. When Michael Gove said ‘the British people are sick of experts’ he was right. But can anybody tell me the last time a prevailing culture of anti-intellectualism has lead to anything other than bigotry.

[techweenie]

Originally Posted by cairns

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...

Wow a whole page before somebody blamed Obama. Must be a record.

[flatbutt]

One of my good friends (met him while at Glaxo) is an expat on a work visa and he is very distressed by this vote. He sees this decision as throwing a whole new set of trade issues.