An Investor Guide To Brexit Implications

June 29, 2016 3:27 PM

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With results of Thursday's vote, in which the majority of British citizens voted in favor of the U.K. leaving the European Union (E.U.) (Brexit), we've now got a classic case of "now what?" The thing that drove the U.K. was the desire to leave, not what to do afterward. It's quite telling that the Leave leaders are now saying they are in no hurry and that they should take some time to reflect on what to do next. Vote first and think later is one of the shortcomings of direct democracy.

Residents of the U.K. voted to leave by a narrow 51.9% to 48.1% margin. There was a generational divide, with the older population favoring Brexit and the younger population in favor of staying. One problem for the Remain campaign was that the elderly showed up in droves while the young stayed home....

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