[Osem]

Where's all the bad EU news gone eh? This temporary hysteria seems to have blinded a lot of folks about what the other option was and what's going on over there. The other option wasn't common sense or sound economics, it was remaining tethered to a broken club run by someone called Juncker who even now is plumbing the depths of credibility and still won't accept he and his ilk are to blame for steering the EU towards break-up.

If we'd voted the other way there'd no doubt have been a temporary positive blip the other way and thereafter things would have gone back to basics and the markets would have crashed every time there was more bad news from Spain, Italy, Greece etc.

Honestly, to listen to some people you'd have thought 2007/8 (or any of the other financial crises) have never happened and this was a first. The markets were expecting us to remain in and when they realised they'd got it wrong, the result was a correction in the already well overvalued stock market and a fall in Sterling due to the resulting uncertainty. Contrary to what some people are saying, this really isn't the end of civilisation and no we're not going to see gangs of union flagged thugs roaming the streets of our towns and cities beating up all foreign people. After the short term fear and emotions have settled a little, things will be sorted out. The reason? Well because sorting them out is in everyone's interests and even the likes of Juncker won't be able to resist. Is anyone really telling me that the Germans will sacrifice their car industry to hurt the UK? Is anyone really telling me the Spanish will want to stop all those Euro-spending UK holidaymakers propping up their decimated economy? It isn't going to happen and all that's going on right now is a largely media driven frenzy which has more to do with filling airtime/pages than anything else. A few days ago it was the Jo Cox murder dominating our news media, before that it was football hooliganism, before that migration, Syria, Isis, the Ukraine etc. etc. etc. The media may not make the news but they certainly do determine how they present it, what balance they apply and how much detail they go into. What we all know for sure is that 24hr rolling news has an insatiable appetite and the more they can stoke up feelings/emotions/fears etc. the more there is for them to report.

Seriously some folks need to calm down and remember that markets rise and fall - take a look at where the FTSE has been over the last few years and put this all into perspective. Right now the weak pound is making our exports and visiting the UK as cheap as chips, so it's not all doom and gloom. Once reality sets in, the markets will once again start taking stock of what's going on in the EU and suddenly the UK will look a better bet and Sterling will rise. FGS this is what happens in world markets all the time. I dare say when it does there'll be people whining about that too however...