Brexit and ramifications

[Anne]

If the UK chooses to leave the EU, would it be good or bad for the US or a wash?

[Locutus]

If the UK chooses to leave the EU, would it be good or bad for the US or a wash?

I've seen predictions on both sides of the argument, but there are more on the bad side than the good.  I know that since the U.S. is the largest single investor in Britain, a number of American corporations are pouring money into a campaign to keep the EU alliance together. 

Even if they do decide to leave, it will be several years before they're officially able to exit.  They'll have to renegotiate trade agreements with foreign countries, negotiate the exact terms of their exit with the EU, etc.  So even if a vote in the affirmative occurs tomorrow, it'll be a few years before we see the full effects of the departure. 

[Anne]

I've seen predictions on both sides of the argument, but there are more on the bad side than the good.  I know that since the U.S. is the largest single investor in Britain, a number of American corporations are pouring money into a campaign to keep the EU alliance together. 

Even if they do decide to leave, it will be several years before they're officially able to exit.  They'll have to renegotiate trade agreements with foreign countries, negotiate the exact terms of their exit with the EU, etc.  So even if a vote in the affirmative occurs tomorrow, it'll be a few years before we see the full effects of the departure. 

I have heard both sides and how long it would take to be final. It seems to me that since it will take so long to complete the break the effects of it should be minimal. But I may not be seeing the whole picture. Thanks for your answer.

[Locutus]

I have heard both sides and how long it would take to be final. It seems to me that since it will take so long to complete the break the effects of it should be minimal. But I may not be seeing the whole picture. Thanks for your answer.

Well, they out!

DOW is down almost 400 points as I type this. 

[Anne]

Yes, I had one of the news channels on last night when they announced the results and the Dow futures were down by 700 immediately. Nothing but panic.

[Locutus]

Now down 530+. 

[Anne]

Well, if you have a trip planned to the UK now is a good time because the pound is way down.

[Locutus]

Well, if you have a trip planned to the UK now is a good time because the pound is way down.

Absolutely.

That's one of the few good things that will come out of this in the short term. 

[Locutus]

According to Standard & Poors, there has been $2.08 trillion wiped off global equity markets since the exit vote.   That's a bit of bad news. 

[me]

Hope it straightens out soon. I have a long time fb friend who is from the Netherlands that married a guy from the UK and they now have 3 kids that is kind of concerned about her citizenship status since she they live in the UK where he's from now and she never became a citizen. Hope nothing comes of that.

[Locutus]

Some of what's in play there is the same nationalism and racism that you see in Trump supporters here. 

[me]

Some of what's in play there is the same nationalism and racism that you see in Trump supporters here. 

I wish people would come down off that racism crap it's getting real old.

[Locutus]

I wish people would come down off that racism crap it's getting real old.

Doesn't make it any less true because you don't want to hear it. 

Nationalism, fear of immigrants, and racism were HUGE factors in that vote whether you like it or not. 

[The Troll]

   I believe in the present American race we have.     I want the weakening of the American race too be stop with the influx of Muslims and Mexicans and with the other illegal aliens that are coming into America.     Sorry, that's the way I feel.   We need a rest from all of these aliens coming in.   


                                                                                                       

[Palehorse]

Stop watching Fox Troll. Please. . . .

Next thing we know you'll be voting Trump. . .