I can explain. Many readers sent me this explanation, but I also used it before on my blog long ago.

Please consider this clip from the British TV show "Yes Minister".

I recently wrote this to my totally Europhile European email group, which has hedge fund managers, economists, journalists, insurance and pension fund asset managers, and even a few politicians from across Europe (every country from the UK to Latvia has a few people in the group, and a few fund managers from the US, Australia and Israel are also members).

A few days before the Brexit, they had all written paeans on the EU, and expressed both their expectation and hope that the UK would remain, while chiding the "leave" campaign for its intellectual inferiority. I was incredibly busy (still am) and didn't find the time to properly join the debate. But one day before the referendum I felt I simply had to say SOMETHING to disrupt this love-fest.