Quote Originally Posted by budwom View Post
Could well be...the Brits won't have a good bargaining position. On the other hand, history has shown (I think almost everyone would agree) that the Brits were VERY smart in not joining the Eurozone, keeping the pound instead. So perhaps they'll come out of this in decent shape. I suspect the mass of financiers in London might have the biggest problems.
Scotland and Northern Ireland will likely vote to leave the United Kingdom, the latter joining Ireland, in order to retain membership in the EU. An economically successful Brexit will be harder to achieve. As an investor, I'm staying on the sidelines for awhile. I think there's more short term carnage to come.