Thank you for your considered reply. I did read all of it, but I'd like to focus on the following first: > "The problem is that you're implicitly assuming that

Thank you for your considered reply. I did read all of it, but I'd like to focus on the following first: > "The problem is that you're implicitly assuming that Britain will be no worse off and then concluding that businesses will spot that so that we're no worse off. Let's be realistic: the pound is worth 80% (give or take) what it was before the referendum. That isn't felt in your pocket immediately, but the effects works their way through the economy. Sure, purchasing power parity and the economy rebalancing will ameliorate that, but it's in no ways going to eliminate it." The following distinctions are slightly crude, but hopefully they serve a purpose. There's a difference between the productive economy and the speculative economy. The productive economy is based around changes in the material world. The speculative economy is based around opinions. Stock markets are effectively opinion poll trackers (opinions either baked into mathematical models or in the heads of traders). It's no surprise that the pound dropped after the Brexit result, because we're looking at a period of uncertainty, which makes predictions harder and traders more risk averse. However, in the productive economy in the same time period, there hasn't been an 80% drop in the output of the real economy. The jobs market is still strong, people still produce roughly the same level of goods and services as they did a year ago, etc... What I predict will happen after the period of uncertainty ends is that opinions will catch up to reality and traders will realise their models of economic output were out, leading to a readjustment in the stock markets. The problem is, as people have gotten so hysterical about Brexit, the period of uncertainty will probably last longer than it should, and this loss of confidence can have an impact on the productive economy over time. That's my main concern over Brexit, that it'll be the reaction to it that causes a longer economic downturn than is necessary. My only hope with this is linked to more people becoming adept at seeing through the mechanisms of the UK's toxic media institutions.