What does Brexit mean for the 2016 election? →

So Britain (well, really, England and Wales), voted to leave the European Union Thursday. As the English would put it, this decision has created a small spot of bother in global financial markets and political capitals. Off the top of my head, the knock-on effects will include:

1. A downward revision of British and global economic growth;

2. Scotland holding a second referendum on independence;

3. Other E.U. countries holding referendums on exiting the E.U. as well;

4. The U.S. trade deficit worsening as the dollar’s strength increases even further;

5. A lot of commentators freaking out even more about the possibility of a President Trump.