Uncharted territory – or maybe we just can’t see ahead? Often companies and economists make forecasts and predictions about the direction of the economy, so it is interesting that two of the ... Continue reading
The tipping point? Today I am taking out the crystal ball, and asking it if these final weeks of December 2008 and the start of January 09' are the tippin... Continue reading
The ‘Crunch’ is nearly over, but what lies in its wake? The Euribor 3 month money is at 2.822% which means the margin on interbank money is now at 0.322% (the current base rate is 2.5%) over ... Continue reading
Where will the rent takers hide next? Taking rent is perhaps the best and yet most unproductive part of an economy, in the past we have spoken about the concept of 'rent tak... Continue reading
What stimulus is there after a 0% rate? There are generally two strands to monetary stimulus, firstly there are interest rates, and then there is the actual money supply. We'l... Continue reading
Bond market news from the USA Bond yields in the USA are at historically low yields, the 'flight to quality' we are seeing is that there is a wholesale flight from t... Continue reading
Automakers bailout is a mistake Banks, in my opinion, should not have been bailed out, they are a business like any other and when people talk about the 'systemic risk... Continue reading
The Irish Tax System Suppose that every day, ten men go out for pint and the bill for all of them comes to €100. If they split their bill the way we pay our... Continue reading
How falling interest rates hurt banks during a liquidity crisis The falling interest rates are heralded by consumers of Irish mortgage companies as a godsend - well, for the clients of the Irish bank... Continue reading
The weight of compliance Compliance is set to become a core area in financial services because one result of the current financial crisis is that people will wa... Continue reading