Though it hasn’t happened yet, and there is no real plan and total disarray. It’s not a reassuring situation.

I understand why people are distressed, because the press and other media make a lot of noise about imminent disaster. However, markets price in ahead of time any impacts that they foresee, and we can observe that

- Britain's government debt yields, e.g. 2 and 10 year bonds, remain at similar levels to pre Brexit vote, and unlike before 2016, 10-year yields are now lower than US 10-year yields

- in currencies, the GBP has remained fairly stable against EUR and USD.

I have no doubt that there will be some impact. I did not wish Brexit to happen. But I see some positive signs as well (mainly in that this forces EU leaders to sober up).

The Brit pound devalued by about 20% V the USA dollar. The buoyant export market is propping up the brit pound as it's cheap to export but staples like food imports have risen in price. A recent report indicated that the UK economy would have grown something like 8% more had there been no brexit.

Brexit is a disaster.

It devalued instantly after the unexpected voting result, but has since then recovered.

Compared to historical shifts over past decades, the impact of Brexit is not very visible on a chart. The falls from 1970 to 1975, or 1980 to 1985, or in 2008, are clearly more dramatic.

https://www.poundsterlinglive.com/bank-of-england-spot/histo...

"Recent reports" are many and contradictory, as usual.

Recovered?

Nonsense. The historical trend for the pound is to be worth $1.5 whereas it’s trundled along around $1.2 since. Stop making up excuses for the disaster that is brexit.

No sane nation would leave the EU.