From Port Phillip Insider (Australia)-
Uncertainty. It’s the catch word of the week. And it’s why I opted for today’s headline. Made you look, didn’t it?
With the ramifications of Britain’s decision to leave the EU still ping-ponging around the globe, people are desperate for some solid answers. Investors more than anyone.
If you Google ‘uncertainty’, and filter results for news sources only, the following headlines top the search results:
- ‘Market uncertainty rules after Brexit vote, analysts say’ — CNBC
- ‘MEPs call for swift Brexit to end uncertainty and for deep EU reform’ — European Parliament (press release)
- ‘Carpetright shares tumble on Brexit uncertainty’ — Telegraph.co.uk
- ‘How To Work Through Extreme Uncertainty’ — Forbes
The list goes on….and on. But you get the idea.
Now, if you want my opinion — and even if you don’t — this whole Brexit thing has been blown completely out of proportion. It’s not like the UK has signed an exclusive alliance with North Korea and is closing its markets and borders to the outside world.
This is the UK we’re talking about, the world’s fifth largest economy. A nation that knows a thing or two about trading…and alliances…and finance. Sure, Brussels, and the leaders of the remaining EU members, won’t make it easy for the Brits. They don’t want to encourage their own citizens to go the same route — as campaigners in the Netherlands, France, and Italy are already urging…