So, we all woke up this morning to this:

Screen Shot 2016-06-24 at 12.47.47 PM

Followed pretty quickly by:

  1. David Cameron’s resignation.
  2. Nigel Firage backtracking over the transfer of EU contributions to the NHS.

There are also two images dominating all my social media feeds:

Farewell, the Pound (for a bit)
Farewell, the Pound (for a bit)


That second is usually accompanied by some comment along the lines of “If you’re too old to work, then you’re too old to vote”.

I personally have taken comfort in the fact that Greece too voted against EU Austerity, and ‘for Grexit’, almost a year ago exactly. But here they are, with austerity, and still in the EU.

Which is also why I think that everyone should really be reading this (it’s doing the rounds on social media):


Interestingly, David Cameron won’t be hitting the “red button” immediately, like he said that he would. Instead, he’s leaving it for his successor to do in October.

And Boris was in a hurry to tell Mr Cameron not to invoke Article 50 in a hurry.

So it’ll be uncertainty for a while yet.

Also, Mr Trump is being his typically intuitive self, and failing to realise that Scotland actually voted to Remain:

Screen Shot 2016-06-24 at 1.10.04 PM

Are we through the Looking Glass yet?

Rolling Alpha posts about finance, economics, and sometimes stuff that is only quite loosely related. Follow me on Twitter @RollingAlpha, or like my page on Facebook at Or both.