by Roland Watson
One week on from the United Kingdom shocking the world by voting to leave the European Union, one would be not be lacking in predictions of doom and gloom across the political and economic board. As one who voted to leave the nascent European Superstate, the oft (mis)quoted words of Benjamin Franklin came to mind when he suggested that those who trade liberty for security deserve neither.
The Pound and British stock markets promptly dived, as did practically all the major stock indices. Reassuring words from the Governor of the Bank of England on currency intervention and possible QE played their part as did the actions of those seeking a bargain in cheaper stocks. At the time of writing, the markets are bouncing back as the realisation that nothing has actually happened yet dawns on investors.