Salmond "We can take Scotland in two weeks"

[minestrone]

Do you have some evidence for that or are you just floating it?

House prices were supposed to crash across the UK in 2008. We're still waiting.

I would think it was a certainty. It is already being openly stated by estate agents that there will be a big drop.

Lending rates will rise dramatically, jobs will be lost. Housing market will shut down for years.

[scooterscot]

I would think it was a certainty. It is already being openly stated by estate agents that there will be a big drop.

Lending rates will rise dramatically, jobs will be lost. Housing market will shut down for years.

So no evidence then?

Is demand for housing expected to fall away for some reason? Scotland shall be a wealthier country than rUK on independence. Likely to receive a AAA rating on it's debt.

[minestrone]

So no evidence then?

Is demand for housing expected to fall away for some reason? Scotland shall be a wealthier country than rUK on independence. Likely to receive a AAA rating on it's debt.

We have been told we are getting a BBB by S&P.

You are talking tulipe again.

[TykeMerc]

So no evidence then?

Is demand for housing expected to fall away for some reason? Scotland shall be a wealthier country than rUK on independence. Likely to receive a AAA rating on it's debt.

Where's that assertion from? Is there any track record of a "new" country ever starting off with high rated debt?

Ok there's the oil, but apart from that there's the massive spending required to set up a whole raft of institutions, departments and organisations plus a lot of inherited debt and no currency solution in place.

I can't see the world's banks stampeding to finance Scotland willy nilly.

[scooterscot]

We have been told we are getting a BBB by S&P.

You are talking tulipe again.

Cough.

Independent Scotland could be AAA rated – Standard & Poors

Their PDF is here for you to read.

http://worldofstuart.excellentconten...iderations.pdf

[Unix]

We have been told we are getting a BBB by S&P.

You are talking tulipe again.

Independent Scotland could be AAA rated – Standard & Poors : Business for Scotland.

No one should listen to anything you post here, you are spouting tulip on every post.

[minestrone]

300 years on we have Oil and various other successful industries in Scotland so there is no chance of that happening. In fact an independent Scotland will be one of the richest countries in the world at the same time knocking the rUK down a few places, hence the onslaught from London.

Here is your successful economy here...

( i'm sorry it is small )



It is a feckin shambles and that is with the oil included. The SNP openly state we put in more than we receive. We don't and have not for a generation made more than we get.

[scooterscot]

Independent Scotland could be AAA rated – Standard & Poors : Business for Scotland.

No one should listen to anything you post here, you are spouting tulip on every post.

If your defence is to be reduced to derogatory slurs it would suggest you see validity in my argument.

[minestrone]

Independent Scotland could be AAA rated – Standard & Poors : Business for Scotland.

No one should listen to anything you post here, you are spouting tulip on every post.

Again Business for socitland cannot be trusted, they don't link to the report as it says something quite different, the FT gives a more honest appraisal...

Scotland would struggle to match the UK’s AAA credit rating with Standard & Poor’s if it failed to negotiate a currency union with London or the eurozone, the credit rating agency warned on Thursday.

http://www.ft.com/cms/s/0/3866b10a-9...#axzz3DIXafkiZ

[centurian]

Likely to receive a AAA rating on it's debt.

Even in the best case scenario, there is zero chance of that. AAA means it's virtually impossible that a country would renege on it's commitment in the short or medium term - and to do that, it needs to build up decades of reputation of paying all it's commitments on time.

Just Salmond's threat to renege of the share of the UK debt will bring it down a few notches - even if they don't follow through on it, because investors can't have the rock solid confidence of AAA.

And yes, reneging on the share of the UK debt is almost certain to be regarded as a default by credit reference agencies. A default isn't just a failure to pay government bonds, but failure to make any reasonable obligation. The US were threatened with default just because they might have paid some pensions late.