Brexit and the waning days of the United Kingdom

[Agelastus]

I feel strangely conflicted.

I never expected leave to win, right up until a couple of hours ago, and Sterling and the Markets have dropped about twice as much as I thought they would as well. So I should feel shock and fear.

On the other hand, the referendum I've wanted since Maastricht has finally happened; and the side I've been on for at least a decade has won. So I should feel happy.

Yet really I feel neither; I just feel tired and uncertain. And to an extent, directionless.

[Admiral Yi]

Any seasoned investor knows big single day dips are simply times to buy. I firmly believe it was in Britain's economic interests to remain, but I also believe Britain is fundamentally a strong economy and that will be ultimately born out. Times of change cause chaos and short term economic trouble.

What is there to like about the British economy besides finance and higher education?  If the City departs en masse Britain is well and truly fucked.

[Phillip V]

I feel strangely conflicted.

I never expected leave to win, right up until a couple of hours ago, and Sterling and the Markets have dropped about twice as much as I thought they would as well. So I should feel shock and fear.

On the other hand, the referendum I've wanted since Maastricht has finally happened; and the side I've been on for at least a decade has won. So I should feel happy.

Yet really I feel neither; I just feel tired and uncertain. And to an extent, directionless.

Drink beer and masturbate yourself to sleep.

[Barrister]

Any seasoned investor knows big single day dips are simply times to buy. I firmly believe it was in Britain's economic interests to remain, but I also believe Britain is fundamentally a strong economy and that will be ultimately born out. Times of change cause chaos and short term economic trouble.

As someone going to the UK in August, I'm planning on buying pounds tomorrow.

[Phillip V]

Any seasoned investor knows big single day dips are simply times to buy. I firmly believe it was in Britain's economic interests to remain, but I also believe Britain is fundamentally a strong economy and that will be ultimately born out. Times of change cause chaos and short term economic trouble.

What is there to like about the British economy besides finance and higher education?  If the City departs en masse Britain is well and truly fucked.

Invest in the monarchy.

[Jacob]

I think you're over-egging the pudding here.

No doubt this is momentous.  But not compared to the Berlin Wall.  And as for Putin... as long as this doesn't result in the demise of NATO (and no reason to think it will) I think it has little impact.

If the UK leaves, there's a wholesale European realignment coming.

If some sort of waffling prevents the UK from leaving, then yeah, too many eggs. If they leave the implications are pretty big. I don't think the EU is going to limp along in its current form, and I see a likely surge in alt right and anti-EU sentiment across Europe resulting.

Perhaps you're right. I hope you're right. But  Brexit is a big fucking deal for Europe. The continuation and stability of the EU has been the one solid constant of the European political scene since WWII. That era looks to be over.

[Agelastus]

I feel strangely conflicted.

I never expected leave to win, right up until a couple of hours ago, and Sterling and the Markets have dropped about twice as much as I thought they would as well. So I should feel shock and fear.

On the other hand, the referendum I've wanted since Maastricht has finally happened; and the side I've been on for at least a decade has won. So I should feel happy.

Yet really I feel neither; I just feel tired and uncertain. And to an extent, directionless.

Drink beer and masturbate yourself to sleep.

I very nearly put, "and in need of a drink despite the hour" as part of that post.

[citizen k]

The continuation and stability of the EU has been the one solid constant of the European political scene since WWII. That era looks to be over.

Greece and then the refugee crisis told me that era was over.

[Jacob]

I feel strangely conflicted.

I never expected leave to win, right up until a couple of hours ago, and Sterling and the Markets have dropped about twice as much as I thought they would as well. So I should feel shock and fear.

On the other hand, the referendum I've wanted since Maastricht has finally happened; and the side I've been on for at least a decade has won. So I should feel happy.

Yet really I feel neither; I just feel tired and uncertain. And to an extent, directionless.

I wish you joy in your victory. Personally I'm having a drink.

Tomorrow it's time to start picking up whatever pieces there are and watch as the UK political establishment faces the new reality.

[Jacob]

The continuation and stability of the EU has been the one solid constant of the European political scene since WWII. That era looks to be over.

Greece and then the refugee crisis told me that era was over.

I saw it as "significant cracks were evident," but not irreversible. This pretty much is.

[Liep]

Who are Britons going to blame now that Brussels is no longer there?

[citizen k]

Who are Britons going to blame now that Brussels is no longer there?

They'll always have Westminster. 

[Agelastus]

Who are Britons going to blame now that Brussels is no longer there?

"The wrong type of snow"?

[Duque de Bragança]

I think I'm most interested now to see Europe's reaction.

So, when does the Calais jungle move to Dover?
No more British duplicity.
UK and France bilateral treaty, unlike the damn Touquet agreement (British border on French soil), also military affairs, though I suspect they will not be too affected.
British retirees in France, Spain and Portugal panicking? Forced to learn the local language if they are to stay? A stay will be costlier for now on.

De Gaulle vindicated, making fun of Pompidou in the Elysian Fields.

[OttoVonBismarck]

Any seasoned investor knows big single day dips are simply times to buy. I firmly believe it was in Britain's economic interests to remain, but I also believe Britain is fundamentally a strong economy and that will be ultimately born out. Times of change cause chaos and short term economic trouble.

So I should send my money to the UK today? It won't drop more?

Only a fool a) would predict if it'll drop lower or not (it likely will at some point) and b) we know that it will rebound and tomorrow's prices will be very low relative to fundamental value.