domino effect

[malleefarmer]

On all business channels here this morning brexit of course, the world economy will stabalize in as little as two weeks the pound will be weaker that's about it.

But main issue by all the "experts" is Denmark wanting to leave Ireland Sweden and even talk of france seems there are moves afoot to stop any referendums.

I agree with cotton a while back seemingly unimportant has become important.....why should Australian mining companies in the outback of Australia small companies have 7% of there value wiped of yesterday because of brexit has recovered overnight, ag commodoites seemed little affected

[errolanderson]

mallee . . . we just heard the 'starter's gun' go off last nite in a very long race.

To say that all we be well in two weeks is definitely the fox talking to the chickens that they are not on the menu.

[Hopalong]

A bit difficult to figure out PM Cameron thinking in holding the referendum.
Seems a bit like Canada having a nation wide one on Quebec separation.
Logic and common sense might say it would be stupid but emotion and constant pressure from those who support localism and tribalism might win out.

[Hopalong]

Governing by referendum not looking so good.
Best thing to come out of all this.

[errolanderson]

This may be the beginning of the breakup of the EU, which has not been unforeseen. It boils down to failed ECB economics (IMO).

ECB is printing $80 billion Euros per month (so-called stimulus) with no inflationary impact. Massive economic and central bank policy failure.

It may be that Britain has voted to take the poison pill sooner rather than later . . . .

[sumdumguy]

Can you imagine a Canadian referendum on Quebexit? Funny! Get out the drums.

[Hopalong]

Talk shows and economic news reports are pretty consistent in warning of reduced economic growth around the world resulting from Britain leaving EU.
Do not generally agree that things will blow over in a week or two as some political leaders say.
Big danger is protectionism and lack of support for trade and other international agreements.

[fjlip]

Agree hopalong, I see as going backwards into OLD borders, the seniors voted to leave, dreaming of GREAT again, the young wanted stay. Hoping for a redo of the vote, consequences are all bad for the whole world so far. Shit just got EXPENSIVE in UK for them, wake up call.
Heard on a news report the referendum was NOT binding on the Gov, so reject it, NOT a decisive win, 48-52%

[errolanderson]

In a democracy, you accept the outcome of the election or referendum.

Cameron has no choice but to resign as PM. The referendum was an election promise, he gambled, he lost.

You don't change rules mid-stream because the outcome is not what the government wants. That would be called a dictatorship . . . .

[wmoebis]

At least he followed through with the referendum and didn't just say the general election was the vote and the people have spoken.