I can't help but think all of the angst over the UK/EU referendum is a bit overblown

[Xolodno]

35. The Financial Markets...

...will at prematurely as they always do. In time it will calm down and the Pound and Euro will go back up. Albeit, it will trade at a lesser value to other currencies.

In the short term, this will be economically painful. As Britain has for decades transformed its economy to take advantage of open trade with the EU and likewise shed a lot of costlier economic trade done at home. Now they won't have those advantages and have to completely redevelop everything they shuttered. That won't be easy.

Once that is done, they'll be on better economic footing. However, the standard of living will probably be less.

And it also remains to be seen if they can maintain the UK now with North Ireland demanding to reunify with Ireland and Scotland demanding separation. If they get their way, this could also lengthen the pain process.

Of course when I say short term I'm referring to in economic terms, as in the long run were all dead.