And for a Friday …… after the historic BREXIT …….
This is one voting result, where there are only losers and no winners.
The young in Britain who have a future to look forward to, have voted to remain in EU, 64{aff5a224634bf574f692c8c7d068a0713fecca4ea38a30d3005107227dbb12e7} of 21 years and below wanted to remain, and 58{aff5a224634bf574f692c8c7d068a0713fecca4ea38a30d3005107227dbb12e7} of those above age of 73 have voted to Exit. How sad and ironical..
Full consequences are really unknown. This is a test case of the “Law of unintended consequences”. NATO will break up, rest of EU, will it remain united??? ….. Or, is this the beginning of the disintegration of EU and the EURO as we know it?
Will truncated Euro zone get closer without Britain, get Scotland, Ireland, Sweden, Norway and raise their own army and become stronger and an alternative to the US?
India must first hedge its economy, of course, we are comfortable with more than $363 billion reserves. Let’s look for opportunities in the given Global Volatility.
I would prefer us to be with Germany and develop even closer relations for mutual growth and prosperity. With UK, let’s renegotiate on our terms. After all Indian firms are the largest Employers in England. Let’s make the best of the situation..Colonisation Reverses !!!!!!
These are VUCA times. Individuals need be very very watchful for at least next two quarters. Be calm, don’t rush into decisions. Investing or disinvesting…..hold on …look out.
These are the times when India as the largest Democracy, must differentiate itself as a stable Economy, the Rule of Law, Secular and most importantly a God fearing, ethical Society, the SEEGOS way…..