Brendan Burgess
Founder
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Their overall economy may grow but inequality will soar.
So it is a good article?
I am very confused now.
Brendan
The Uks main trading relationship is ending.
Brexit may not even be a calamity, most people in the uk apparently think it is a good thing, but it is a BIG thing. Comparing it to fluctuations in monthly employment statistics is, dozy !
*Possibly* ending... it's quite possible to imagine a scenario where the UK remains in the common market but not in the EU.
All the referendum asked is whether to remain in or leave the EU. Most MPs favour remaining in the common market (the Norway \ Switzerland model) and I would expect majority of the population too given that 48% wanted to remain in the EU - though maybe not UKIP voters.
*Possibly* ending... it's quite possible to imagine a scenario where the UK remains in the common market but not in the EU.
All the referendum asked is whether to remain in or leave the EU. Most MPs favour remaining in the common market (the Norway \ Switzerland model) and I would expect majority of the population too given that 48% wanted to remain in the EU - though maybe not UKIP voters.
In 1975 the last time the UK population were consulted, they joined the Common Market.
But the overall point is that the stockmarket does very well over the long term, and this is one, albeit unwelcome,dip along the way.
Brendan
The St Petersburg stock market lost 100% of its value in 1917, when the economic system which supported it collapsed.
Boris Johnson also thinks this is possible. He said so this morning.
Following Johnson's comments, David Cameron was asked in the House of Commons today whether there are any countries that are in the single market that don’t also have to contribute to the EU budget or accept the free movement of labour.
Cameron said there isn’t one.
I wouldn't put much importance on what boris johnson says, he hasn't a clue what to do now because he never believed that brexit would win referendum.
The point is that things happen...the Communist Revolution, World War II, the Cuban Missile Crisis, 9/11, the Financial Crisis. Of course an investment in the Russian stock market or Irish banks or Nokia can result in permanent wealth destruction.
But a diversified investment portfolio has always done fine through whatever nastiness the world throws up. Brexit is just noise for the diversified investor with a medium to long term time horizon.
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