After the crisis: A new financial structure This is a speech given by Paul McCully of PIMCO at the annual Minksy Conference, it is a long one but well worth reading Start: Thank... Continue reading
ECB Zero? Will a 0% base rate fix anything? There was an interesting article in which originated on Bloomberg which Nouriel Roubini said that the ECB should cut rates to 0% and in... Continue reading
Banks don’t care about property prices O.k. I lied, they care, but when it comes to new lending (and the secular trend that has already started in Irish lending rates) the un... Continue reading
Nassim Taleb on Debt Nassim Taleb says in this interview that the debt problems of 2010 are worse than those of 2008, he has re-released his now famous book... Continue reading
Irish Banking. How does it play out? I used to be in a Chess Club, and one thing it taught me (apart from how to lose using the Kings Gambit) is that you can often see a ge... Continue reading
Short Sale Loans or Negative Equity Loans We were asked to make a presentation to the Department of Finance's 'Expert Group on Mortgage Arrears' which is made up of the main int... Continue reading
Too many Bureaucrats? Is the Public Sector costing too much? This is a video by my friend Dan Mitchell from the Cato Institute and the Centre for Freedom and Prosperity. While it may be primarily... Continue reading
Irish Mortgage Brokers in the press, May 2010 We had a busy month in the financial commentary world. A list of our press mentions is below 23rd May 2010: Sunday Tribune: Safe for a... Continue reading
Who is telling porkies? Lending figures v.s. Advertisements In the first quarter of 2010 there were c. 62 business days, and from this time frame we have gotten the most recent lending figures fr... Continue reading