We love to overestimate the short term impact and underestimate the long term impact of events. Brexit probably will have large negative effects on the UK's ec

We love to overestimate the short term impact and underestimate the long term impact of events. Brexit probably will have large negative effects on the UK's economy... but it will take a long time to figure that out. Some of Trump's policies are also likely to do long-term damage, but not in the short term.