WOW! In 8 hours people have become experts in global finance and economics. Lets talk facts.

[MoHasanie]

JRPGfan said:

MoHasanie said:
Economically, Brexit is bad for everyone. Bad for Europe, bad for the rest of the world and especially bad for the UK, which is why everyone is shocked with the result. In the long run nobody knows what the effect will be (things will probably be back to normal, with trade levels between the UK and the EU similar to where they are now), but right now there is a lot of uncertainty among businesses and investors and that''s never good.

I dont think UK will go back to "normal" trade with EU.

EU simply cant appear to be so weak, as to let them off the hook basically scott free.

Its going to cost the UK.

If they manage to get almost the same deal as they have now, Id be amazed.

I think EU will make a signal out of the UK.... "this is what happends when you leave".

Its more than just "uncertainty", theres basically a certainty of things getting worse in the future.

I think it's in the best interest of both the EU and the UK for trade to remain the same. For the UK, the EU reperesents 47% of all exports so it's huge. And as Kowen pointed out, the EU has a huge trade surplus with the UK, which is a situation everyone wants to be in, so Europe would also want things to remain the same.