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
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
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
ALLIED IRISH BANKS, P.L.C. INTERIM MANAGEMENT STATEMENT Trading conditions in the year to date remain challenging, particularly in Ireland. Conditions have improved in Great Britain and our C... Continue reading
What do Greece, Venezuela and California have in common? Sadly, it is that they are all in the top ten list of the most likely bond defaults in the market at present. The people at Credit Mark... Continue reading