[Tloewald]

A vote that causes an instant 5-8% downgrade in the market's evaluation of pretty much an entire country is something that affects people's daily lives, unfortunately. (I guess it's similar in scope to electing George W. Bush, but it was not clear how bad a decision this was for a couple of years.)

Before the vote, the consensus estimate by economists was that this would be a 2% hit to GDP. Again, that affects people's daily lives -- it's essentially a self-inflicted recession.