If you didn’t like 100% mortgages you’ll loathe negative equity mortgages I was interested in the front page of today's Independent in which Charlie Weston broke a really big story about Irish banks being in a... Continue reading
Mortgage Mediation, a solution for mortgage holders in Florida (could it work in Ireland?) Currently about 25% of the mortgages in Florida are delinquent, there is a huge amount of foreclosed property on the market, short sell... Continue reading
Dichotomy in property – apartments versus houses The recent liquidation sales have possibly started a new trend in the property market in Ireland, one whereby there is an increasing di... Continue reading
The Euro is a credible currency Quantitative Easing (which used to be called deficit monetization) is justified - in this clip - by ECB president Jean Claude Trichet. ... Continue reading
Are 100% mortgages the problem? Is LTV a symptom or a cause? An article in the Independent yesterday pointed toward 100% mortgages being a significant attributer to the bubble, I would wager it wa... Continue reading
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