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La Lioness Priyanka

(53,866 posts)

16. There is nothing so unique to British goods that cannot be replicated in the rest of Europe

Fri Jun 24, 2016, 11:42 AM

Jun 2016

While there won't be an embargo, the trade would be less smooth and likely less beneficial to Britain. Aside from that London as a financial center power will diminish, likely moving to Amsterdam or Berlin. It's going to be a cluster fuck.

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I can't help but think all of the angst over the UK/EU referendum is a bit overblown [View all] Nuclear Unicorn Jun 2016 OP

Have you read all the predictions by economist prior to this vote? La Lioness Priyanka Jun 2016 #1

Same economists who..... Armstead Jun 2016 #5

Actually most academic economists are pretty left leaning La Lioness Priyanka Jun 2016 #11

One would think that after all this time economists would have gotten something right, huh? cherokeeprogressive Jun 2016 #24

ofcourse problems get more complex. we live in a complex where everyday we add more and more La Lioness Priyanka Jun 2016 #34

Depends on how one defines left-leaning Armstead Jun 2016 #27

Just cos he refutes sanders arguments doesn't make him wrong or thin skinned La Lioness Priyanka Jun 2016 #33

Most economists are center-left Neo-Keynesians. Odin2005 Jun 2016 #31

It's got potential serious consequences Spider Jerusalem Jun 2016 #2

Just another good excuse to crash the market! Silver_Witch Jun 2016 #3

It signals a recreation of a nationalistic Europe and all the problems that led to WWII rising again libtodeath Jun 2016 #4

+1, it started with BRITAIN!!! uponit7771 Jun 2016 #7

That is the thing that strikes the most fear into my heart. Odin2005 Jun 2016 #32

Well it's certainly going to hit UK businesses whatthehey Jun 2016 #6

The basic outcome is that Britons will be poorer, which is going to be pretty bad for the world Recursion Jun 2016 #8

Why would they be poorer? Are the people who consume British goods and services suddenly Nuclear Unicorn Jun 2016 #9

Several reasons. The big number one is that immigration will drop Recursion Jun 2016 #10

If there is a labor shortage wages will rise. Nuclear Unicorn Jun 2016 #13

Well atleast in part because they just decided to break away La Lioness Priyanka Jun 2016 #12

Consumer demand on either side hasn't changed. Is the EU going to impose an embargo? Nuclear Unicorn Jun 2016 #14

There is nothing so unique to British goods that cannot be replicated in the rest of Europe La Lioness Priyanka Jun 2016 #16

Why would that happen? Those making these predictions are speaking for a very diverse Nuclear Unicorn Jun 2016 #17

There was an OP last night about how the Brits should be made to suffer for their impertinence. cherokeeprogressive Jun 2016 #25

All those who claim to worry so much about the UK economy are free to Nuclear Unicorn Jun 2016 #26

Forget trade for a moment, what about the subsidies the U.K. received from the EU? Humanist_Activist Jun 2016 #29

Their stock market just crashed. Their pension funds are worth even less now. randome Jun 2016 #15

It won't stay that way. People act as if this is the final round and we have to compare scores. Nuclear Unicorn Jun 2016 #18

If Brexit stands, I think it will be a long time before Britain recovers, if it ever does. randome Jun 2016 #19

The EU is little more than a giant currency manipulation scheme. It's nothing Nuclear Unicorn Jun 2016 #22

Bingo. TexasMommaWithAHat Jun 2016 #28

That shows how little you know about the EU. n/t Humanist_Activist Jun 2016 #30

Wow, that's probably the most wrong thing I've read on this Recursion Jun 2016 #38

I think you are right treestar Jun 2016 #20

It was a victory for the right wing, which backed it. greatauntoftriplets Jun 2016 #21

If I considered them competent leadership that could be a valid point. Nuclear Unicorn Jun 2016 #23

The Financial Markets... Xolodno Jun 2016 #35

it doesn't matter if it's 'much ado about nothing' it's happening. spanone Jun 2016 #36

Ah, unicorns.... Hekate Jun 2016 #37