Would love to see what the people who were shorting european stock (expecting this outcome) made out with.
I think I read an article earlier today about Blackrock shorting like 50% of their european holdings or something?
UK votes to leave EU
11–20 of 1001 posts
Re: UK votes to leave EU
#12Can someone please give an unbiased summary of what this means and how it will impact the UK, Europe, and the rest of the world?
Re: UK votes to leave EU
#13Is Scotland going to be exiting the UK next? Guess we'll see in a few years.
Hard to know what will happen here, but I suspect once the UK (or what's left of it) signs a trade deal with the EU, they'll get the same deal as Norway - all the compliance with EU regulations, with none of the say. I suppose people may be happy with that deal, as long as they can get to say they're "free".
I'm hoping this somehow leave the EU in better shape, perhaps more cohesive, perhaps reforming in ways to minimize chances of anyone else leaving. As a Bulgarian (not living in Europe) this makes me somewhat bitter - seems Englishmen can't accept belonging to a club we also belong to.
Re: UK votes to leave EU
#14The way Scotland voted "Remain" is pretty stark: http://imgur.com/gallery/JjbEPZZ/new
I can see an Independence Referendum 2.0 being pushed through...
Re: UK votes to leave EU
#15I voted today.
I work in London at a startup with international markets. I believe in the ideal of free movement. I think the EU is a bit of a mess conceptually and mechanically, but in general a step forward for Europe.
This is really the beginning of a very long, tedious and ultimately unsatisfying couple of years of dissatisfaction and instability as we negotiate with the EU and the rest of the world.
Re: UK votes to leave EU
#16I don't understand the hand-wringing.
Countries have engaged in trade for thousands of years - Brexit won't change that.
Re: UK votes to leave EU
#17Unfortunately nationalism and populism won another war. Now watch Scotland make referendum to leave UK and after leaving they will join EU.
As a free market supporter it is horrifying that protectionist sentiments reign supreme in the UK. Hopefully this does not foreshadow the US congressional and presidential elections in November.
Re: UK votes to leave EU
#18Unfortunately nationalism and populism won another war. Now watch Scotland make referendum to leave UK and after leaving they will join EU.
To be frank the EU was built on power centralization and socialism as key principles. It's been what, 15 years+ since the Eurozone and the Economy is still doing as bad as before, if not worse for most member states. Hardly a success model by ANY measure.
Re: UK votes to leave EU
#19Unfortunately nationalism and populism won another war. Now watch Scotland make referendum to leave UK and after leaving they will join EU.
As a free market supporter it is horrifying that protectionist sentiments reign supreme in the UK. Hopefully this does not foreshadow the US congressional and presidential elections in November.
Was this vote protectionist? I assume they'll just setup free trade deals with Europe, similiar to what Norway and Switzerland already have?
Re: UK votes to leave EU
#20Does anyone knows how this will affect tech recruitment?
It's hard to say. It could make Britain turn inward for labour. With the lost of less expensive external labour, the local market could rise as wages track demand. At the same time Britain may be loosing a lot of money soon. This could drive down demand since the EU will probably look to exclude the UK from contracts as a punitive measure, even if it's just a subconscious thing.
You might also see tech leave the country. Selling in the EU will be more costly. As a result, companies might start moving out or collapsing. Their former employees would then leave too.