Last week’s economic news offered several positive surprises. Consumer confidence improved and incomes also rose, indicating that Americans are both more willing and more able to spend. Manufacturing, the weakest part of the economy for some time, moved back to material growth levels, raising the hope that the sector is finally reviving.

Okay, unless something else happens, I promise this will be it for the Brexit posts. I’m probably as sick as you are of the “all Brexit, all the time” coverage, and I’ve been guilty of that here on the blog as well. That said, I do think there’s one final point worth making about Brexit.

With all the initial panic over the Brexit vote—and the subsequent relief as markets recovered—it’s been easy to lose sight of the bigger-picture lessons. Here are three that we should keep in mind.

Pretty much all of the coverage of the Brexit vote has been negative, and deservedly so. Even the positive spins have largely focused on how to either reverse the vote or minimize the damage.

When there's this much consensus on something, it’s usually time to take a close look at the other side. So let’s see if we can make a strong case that Brexit is a good thing.

Will the Brexit vote lead to another 2008, as many advisors and investors are wondering, or have we already weathered much of the storm, at least here in the U.S.? I talked about the economic fallout yesterday on Bloomberg TV’s Bloomberg Markets with program anchors David Gura, Vonnie Quinn, and Matt Miller. 

After a difficult two days, there’s a serious question on many investors’ minds: Is this the big one, the next crash? It's a reasonable concern. After all, haven’t we been hearing about all the damage Brexit could do? And haven’t we sort of been down this road before, with the Greek crisis in 2011?

Last week's economic news fell below expectations across the board. Although housing markets continued to grow, there are potential signs of slowing, and business spending continues to be weak. Of course, the big news of the week—Britain’s decision to leave the EU—will probably exacerbate that weakness, even if it is unlikely to drive the U.S. into a recession.

I woke up early this morning to check the results of the British referendum on leaving the European Union. Against expectations, the Leave vote won a convincing victory, defying the polls and the prediction markets.

There’s no doubt the world has changed, significantly. There is considerable doubt about what that actually means and—more immediately—what to do about it.

As we watch how the British referendum plays out tomorrow, we need to keep something in mind: It’s almost never the bus you are watching that hits you.

With the British referendum on leaving the European Union—the “Brexit” vote—just two days away, worries are starting to rise again. As I wrote recently, I suspect that the Remain side will win. And even if the Leave camp prevails, the actual impact may be much less severe than many are now predicting.