June 24, 2016
A bit of an earthquake from the other side of the pond. Britain is out. At least that’s what they voted for. Voters in the United Kingdom decided to leave the European Union after 40 plus years of becoming increasingly enmeshed in the pseudo-United States of Europe.
The actual mechanism for leaving will take some time. Once the U.K. triggers Article 50, they have two years to negotiate their exit. They’ll need new trade agreements with the EU. They’ll be able to negotiate new ones on their own with other countries and trading blocks. That sort of thing takes time and often doesn’t go well. So far, the world markets aren’t excited. Continue reading