U.K. Leaving EU Any U.S. Impact Expected?

The British citizenry are concerned over the illegal entry of migrants, mostly escaping the war-torn Middle East. As has been well documented many of these folks i. immediately apply for welfare and ii. tend to behave badly in representing their Islamic faith.

When Britain joined the EU they negotiated with France that the French-end of the Channel Tunnel would be considered to be "Britain" so that entry to Great Britain could be controlled on the Continent. As a result the mostly Muslim migrants have been piling up in Calais.
A makeshift "refugee camp" sprouted in Calais with over 10,000 folks camped out in ramshackle huts and tents. The violence and crime present in the encampment resulted in the French destroying the camp last year, but lots of migrants remain living as best they can and trying to get across the English Channel however they can.

Like hoping into commercial trucks heading that way. Or rushing the ferry ports. And even rushing the Channel Tunnel. Anything to get across to Merry Olde England.

This concern combined with economic fears resulted in the vote to exit the European Union. Britains realized that Great Britain and Germany bear a disproportionate cost of maintaining the European Union compared to their less wealthy neighbors.

Here's some documentation of the chaos published tis week: Calais at War - Express .
[n.b If one Googles "Calais camps" or "Migrants in Calais" or things-like-that one can get an excellent understanding of what's going on over there. The locals are living in peril as their town is invaded and crime runs rampant.]

DonDiego supposes the British citizenry voted correctly. Just imagine if thousands of destitute young people were trying to cross into the United States illegally and behaving badly after they get here, . . . oh, Never Mind !

Poor old DonDiego also missed the open; he was accompanying teechur to the hospital for some scheduled diagnostics to assure that she's still healthy, so she can take care of DonDiego as he enters his dotage.

DonDiego maintains a mental list of some "quality stocks" which he's always watching to see if there's a buying opportunity. Big, solid, established companies that usually sell at a premium. He rarely sees an opportunity.

But today he thinks he did; He purchased a few hundred shares of the biotechnology firm Amgen, Incorporated [AMGN]. He got most of it near the close and some of it at the closing price, . . . a 3.8% discount from yesterday's close.

DonDiego's largest holding, a small Canadian gold mining firm did fine today, as it has all year.

ANOTHER reason poor old DonDiego won't be moving to Europe:

I agree PJ.............Britain and the EU will find ways to easily work together. Britain will follow all agreed upon EU business standards, yet Britain will be free from EU meddling in their political affairs.............such as finance and immigration.

"Well ultimately let me say this, Vladimir Putin behaved in a more statesmanlike manner than President Obama did in this referendum campaign. Obama came to Britain and I think behaved disgracefully, telling us we'd be at the back of the queue. Treating us, America's strongest, oldest ally, in this extraordinary way. Vladimir Putin maintained his silence throughout the whole campaign."
__Nigel Farage, Leader of the UK Independence Party





"The law of unintended consequences, often cited but rarely defined, is that actions of people—and especially of government—always have effects that are unanticipated or unintended."
Ref: www.econlib.org

Oboner.