UK Declares Independence From The EU!

[Azor]

Azor...you send [sic] an unusual amount of time trying to discredit my comments on the financial disaster about to hit the UK and even argue well goin [sic] another will balance it all out in the end..exactly what Leave has arued [sic] repeatedly for years.

Because you spend an inordinate amount of time attempting to discredit the entire Leave campaign...If Brexit proves to be an unmitigated disaster for the UK and the EU successfully restructures its supply chains, develops financial hubs in Frankfurt and Paris, and finds new export markets, then is Brexit not to the EU’s advantage? In addition, according to you and others, the British have played an obstructionist role in the EU, have secured unreasonable opt-outs or special treatment and have frequently disrupted EU cohesion.

The key point you missed is that the FTSE 100 fell a total of 9% and the 250 fell over 14% so they have a long long way to go to even recover to their original pricing values and may never recovery.

Are you sure?

• The FTSE 100 closed at 6,338.10 points on June 23. It closed at 6,504.33 on June 30. Total gain/loss = 2.62%
  
• The FTSE 250 closed at 17,333.51 points on June 23. It closed at 16,271.07 on June 30. Total gain/loss = -6.13%

Both indices have recovered faster this week than from their downturns in January and February.

ask yourself...no racism in the UK...come on think....

When have I said that there is no racism in the UK? It is disappointing to see you attempt to portray a democratic decision as merely racist or Russian-inspired or the result of political infighting (Conservatives) with your only proof being soundbites from Remain campaigners who want to change the outcome of the referendum.

Secondly, it is the GPB that needs to be watched....it has never traded under 1.40 for more than one day in it's entire history....it tanked to 1.31 and has only climbed TWO CENTS....not much of a recovery is it????

I assume that you are referring to the GBP/USD pairing? Certainly it’s at lower levels then during the 2008-2009 crisis, but then again the USD is riding high against almost all currencies due to its liquidity, rising US rates, US economic growth and problems with the Euro as a viable alternative. The GBP is trading higher against the Euro than most of 2010-2014 and higher against the Yen than from 2010-2012.

Interestingly, the UK exports more to the US than it imports...

...even expat Turkish citizens can vote in their national elections and the EU even helped Turkey setup polling stations in a large number of communities.....THAT my friend is real democracy hard at work…

When Turks looked set to curtail AKP power and vote in the HDP, “Daesh” conveniently set off suicide bombs in Turkey. Real democracy indeed.

…this is from the Economist Intelligence Unit......

Interesting predictions considering that Article 50 has yet to be triggered and the UK will remain in the EU for 2 years.

In conclusion, you have yet to acknowledge my points:

1. No one can predict how this will unfold in the long-term
2. The UK pays more for the EU than it receives in EU spending (trend increasing)
3. The UK imports more from the EU than it exports (trend increasing)
4. The “free movement of labor” principle in Schengen and EFTA is not the same as the free movement of the unemployed in the EU
5. The EFTA has opt-outs (Schengen, EFTA Court) and can be much less expensive than EU membership
6. Other countries, including Switzerland, Israel and Canada have concluded FTAs with the EU