Any new trade negotiations are going to take time. And the UK will be doing so on their own now. The EU is a huge market, half a billion people, 18 trillion+ in GDP. The UK is neither of those.
To pick one example. CETA, currently awaiting ratification, is a trade agreement between the EU and Canada. Took the better part of 8 years to negotiate before it was even signed. Bi-lateral trade agreements could take just as long if not longer and will have to re-establish agreements between the UK and the EU/US/Canada/China/Pan-Pacific/etc. This isn't going to be some "short term" problem.
And the grand irony is that most any deals with the EU are just going to put back into play all of the shit that people who voted to leave, didn't like.
So please...direct me where I am "full of shit." I expect better from you.
Well, the Brits just proved they vote as stupid as the Americans......
Stay was supposed to win by about 5%. But the people who were polled were not as motivated, they did not care enough, and many of them didn´t bother to vote. Meanwhile the Leave people were passionate and actually went to vote.
Apathy, when you have an opinion, but are not motivated enough to actually vote.
Thing is, you can't be making decisions based on name calling. Supporting a position simply because everybody who opposes it is a douchebag isn't a rational way to go about your life. It's like all the people in the US who are claiming they will vote for Trump just to piss off liberals and have no actual reason to support him.
If you don't like brown people just let them know.
Dont fuck your own country's economy and screw up future generations.
Because our rating wasn't decreased because of the financial crisis, it was decreased because of lunatic right-wingers shutting down the government... The continued extension of Republican tax cuts, etc.
The S&P said those things combined to raise into question our ability to pay our debts in the future...
It has nothing to do with economic growth... It has to do with us, the borrower, being able to pay our debts... Nothing more at all.
I willl laugh if Sterling reaches parity with the dollar/euro when the real money hits the market.