Im fed up with all the nonsense on FB on the referendum. Its even worse than the politicians. I cant help myself. I spent 5 years doing an economics degree so when you see daft comparisons with Ireland to Gibraltar via Iceland and Norway it drives me bonkers. When the Banks decided to yield an axe to their staff at the onset of the recession we knew before anyone else because the property investment market switched off one night in 2007 and it didnt come back on until 2012. The investment market is dead again in Scotland. The switch went out earlier this year and will only be back on if there is No vote. Why? Because the institutions know there cannot be a workable currency union with the only credible option being a new currency totally separate from Sterling and the BoE. Alex wont tell you that because he is gambling on there being a union as a new currency means years of harsher austerity measures. Our credibility as a new national financial covenant in the eyes of those who may lend to us demands nothing else. Despite the crash, which was coming anyway as part of the great economic cycle that no politician can escape from, the financial houses in London employ some of the best analysts and researchers in the world. Right now there could be billions flowing into Scotland via property investment but it aint happening because of the harsh economic facts on true independence (which could actually work after the austerity), and the nonsense of a proposed currency union. Dont listen to the politicians just listen to the economist in the articles below. Its what neither side want to tell you. Please dont comment back on this just read if you can be bothered. And no jokes about hamburgers! gla.ac.uk/schools/business/staff/ronaldmacdonald/ ronaldmacdonaldblog.tumblr
Posted on: Tue, 12 Aug 2014 21:41:34 +0000