Showing posts with label QEII's Best Birthday Ever. Show all posts
Showing posts with label QEII's Best Birthday Ever. Show all posts

24 June 2016

Brisk It's the Brexit, and Britain's out, or as they are supposed to have had it in a headline once: EU Cut Off. Personally, I think it was a foolish thing to do. But I don't live there, so it's not up to me. Still, even with the pound dropping to 1985 levels, I'm sure they'll survive. They're the fifth largest economy globally, after all, which is pretty good for a former world power. Plus, or although, it's going to take two to five years to sort out the exit in full, even if Brussells says o.k., and possibly a decade of QEII announcing new laws on her birthday, as they sort out re-regulating the nation. Or KCIII. Whatever. More importantly, if the anti-immigrant forces and political far-right can be fingered as the drivers of this move, and it has a sufficiently noticable and lasting effect on the US economy, how much can this affect the Presidential race? Will America find itself driven to vote Trump, get a wall along the Atlantic? Will they fear the invading hoards of Scottish refugees? Yeah, actually I don't think it will have much effect, barring a substantial and lasting downward pressure on US markets, which seems unlikely. Meanwhile, Happy Birthday, Your Majesty, QEII, your present is a face-palm moment.