Featured Brexit vote tonight.

Oh, I understand but I don't think you understand. You're just swallowing the elitist line that this is going to be a catastrophe. Explain why. I've given reasons why I don't think it will be a problem. You've just stomped your feet and said, "It is too!"

Why does England need a bunch of unaccountable bureaucrats in Brussels directing their economy?

 

Now that Brexit has occurred, next up is:

Departugal
Czechout
Italeave
Oustria

 

Brexellent!

 

I forgot:

Finnished
NoWay

 

Donemark.

 

Wait and see.

And because it will cost them more to exit the EU than to stay in. Wait and see.

 

People are fed up with elitist politicans who have their own agenda not related to the people. It is true here in America and it is true in the UK. Liberalism gets old real fast.

 

You are right. Most of the time I am an optimist. However, I am quite sure the Brits are going to pay dearly for taking themselves out of the EU and not just economically.

I am also concerned what impact this will have on NATO. Why would other European nations help the EU now that the UK says they do not want to be part of Europe? There are more questions along this line I am concerned about.

 

And many people are not smart enough to realize what actions like the UK just took will cost them in the long run. Economic pain get very old very quickly.

 

Byegium!

 

C-ya-prus!
Sl-ongvakia

 

I am also concerned this will in time open the door to nationalism if the EU breaks up. History has show us that nationalism in Europe leads to very bad events. The latest was when Yogoslavia broke up? Remember the tragedies that led to and what it may still lead to in that area?

I agree that NATO will not breakup, but it may be considerably weakened and that will only encourage Putin or his successors.

 

It's been almost two weeks now. Here are the major market indices since June 23, day of actual Brexit vote):

US Markets
S&P500 up 0.15%
Dow Jones up 0.35%
NASDAQ down 0.2%

European Markets
FTSE (London Stock Exchange) up 2.0%
CAC 40 (Paris exchange) down 4.9%
FSE DAX (Frankfurt exchange) down 5.3%

Asian Markets
Nikkei (Japanese exchange) down 1.8%
Shanghai composite (China) up 3.5%

 

British unemployment falls again despite Brexit vote

LONDON — Britain's vote in June to leave the European Union did not have too much of an impact on the labor market in the first month after the decision, official figures showed Wednesday.

In the three-month period through July, the number of unemployed was 1.63 million, 39,000 lower than the previous period. The unemployment rate held steady at 4.9 percent. Overall, the Office for National Statistics said there were 174,000 more people employed, with the employment rate at a record 74.5 percent.

The figures capture around five weeks of activity in the wake of the June 23 vote to leave the EU.

 

We're doing fine, thanks for asking. Sales of humble pie are up all over the country as economists who predicted doom and disaster are ordering large portions.