Trump presidency

Re the June 25 article Britain’s vote to exit EU sends shock waves: The results reflected an overwhelming vote for Brexit among the working class, while the educated and business class rejected it.

The results: a sharp decline in the British stock market, world equity prices and the British pound. The immediate effect will be an increase in the cost of all imported goods for the British consumer, as foreign products will cost more.

Financially, economists are saying growth will grind to a halt, and jobs might be transferred from London to other European financial capitals.

This is a precursor of what to expect from a Donald Trump presidency: a massive decline in equity prices, a flight from the dollar, substantially higher costs for imported goods and probable recession in the United States and overseas.

The Trump supporters should be aware of the effects of a Trump presidency.

This story was originally published June 30, 2016 at 4:24 PM with the headline "Trump presidency."