This story monopolized the headlines globally, every time you turned on television, picked up the paper or looked to the internet, “Scotland Votes to Leave the UK.”
There have been some major concerns raised with Scotland attempting to leave the UK. After all, it’s not it what means to England but to Europe as a whole. There are areas of Spain that may want to go out on their own. If something like this would happen, century-old unions could be revised…..this means any partnership could be revised in Europe. Each nation has the right to determine their own state and more importantly their own destiny.
This could potentially be a dangerous situation. It’s doubtful the Scottish precedent could be contained in Europe and it’s even harder to imagine how this precedent might not lead to conflict somewhere. This may not necessarily happen in the British Isles, but somewhere the existing state would be less inclined to grant the right of self-determination to a movement. This is not a good thing for England because the UK faces years of volatility.
It’s interesting when you read the numbers on the United States. It’s depressing, but when you look around the world, we’re like the best looking house in a bad neighborhood. I think ultimately we’re going to have another recession, which I hope doesn’t morph into a depression. You constantly hear that the stock market is at an all-time high, so life must be good, right? This is probably the most unloved Bull Market of all times, because many expert economists are looking for a major correction.