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but no-one else is going to get hit.
Really?
Do you genuinely believe that an economy like ours will not send out ripples?
It's forgotton now due to the Financial Crisis, but the uncertainty over 9/11 put lots of people out of work. Ultimately it didn't unfold into a full recession at that point.
My worry is the markets have had a brilliant run, but are waiting for a reason to turn. A UK economic downturn could be the event that starts things off. Most of the major US companies used Trump's tax breaks to buy back shares or trim debt, not to invest.
hugo7-
Do you genuinely believe that an economy like ours will not send out ripples?
I think it'll cause problems, but I think Brexit will also bring opportunities - just not for UK based companies. I also think that the EU will have had four years to prepare and likely have plans for how to react, whilst we have pissed the same period of time straight up the wall.
US/China is probably a bigger threat than Brexit (now), but I think when it comes to it Trump will lose his bottle. The question there is not what Trump is going to do, but whether or not it goes President Pence and VP Ivanka, Trump pardoned, then Ivanka 2020 with one of her idiot brothers as VP. Then the global economy is doomed, unless and until we can ditch the dollar as the universal unit of currency and clearing.
Dammit
It's a funny situation though - we (may) be about to inflict 2008 on ourselves, but no-one else is going to get hit.
I suspect we'd see significant arbitrage keeping prices in the UK up for valuable/luxury goods (to an extent) with foreign demand, especially as our currency flounders.
Cars are somewhat protected due to RHD/LHD, but I've spoken to a couple of German chaps who said that for e.g. a GT3-RS at ten grand under the market would make them happy to get into the wrong side of the car.