Thursday, June 30, 2016

Brexit is not a cut of beef

Brexit is not a cut of beef

There is a lot of talk about Brexit lately. Nay downright panic. Indeed it went from odd talking point to screaming headline faster than the wind can blow a kilt up (whether I do or do not have personal experience with wind and kilts is inconsequential to the point at hand). With screaming headlines came the inevitable 24 hour news analysis. All of which was arguably frightening and I don’t know about you, but when I have money on the line I do not like frightening. I prefer calm with both wind and kilts and events and money- but we can’t always have what we want can we?

To that end it is worth keeping in mind a few things in order to maintain perspective. First off, those that favor kilts voted to stay in the EU. They seem to really, really want the rest of us to know that. Second there is one driving force in play here that will remain a driving force in play regardless of what the secret, black and midnight governments are doing with their political cauldrons, Macbeth. That force is trade.

Despite what the pundits are telling us Great Britain is not going to suddenly and tragically fall off the map, an international pariah relegated to fending off Viking raids. No. Trade will carry on. Even trade with Europe- especially with Europe. The Chunnel wasn’t built so the French could summer in Glasgow, the allure of fashionable summer kilts notwithstanding. It was built for trade and whether Great Britain is part of the EU or not that trade is going to continue. The East End is going to keep doing what ports do. Heathrow is going to keep accepting planes.

There will be movement. There will be business. There will be supply and demand. There will be trade. The current horror your portfolio is being subjected to will pass and steady because trade will continue and it remains profitable to trade between Europe and Great Britain. All that Brexit has really done has made trade between Europe and Great Britain a little harder, sort of like kilts make going out in public a little harder. Oh sure you could wear pants and have a go of it, but kilts will work just fine. Mind the wind.