Posted in capitalism, Economy on Oct 10th, 2008 No Comments »
In August 2007, the Al-Jazeera program People & Power ran a special report from Max Keiser about the Icelandic currency speculation bubble. Based on the carry trade, Keiser explained how the Icelandic economy was heading for a massive fall, and it did not have to do with toxic loans or sub-prime derivatives, simply good old […]
Posted in Economy on Oct 7th, 2008 No Comments »
Another Frightening Show from This American Life about the economy…
Posted in Economy, Fianna Fáil, Irish journalism, Irish Society, Irish Economy, Ireland, Greens, Irish housing, Politics on Oct 3rd, 2008 8 Comments »
The Fianna Fáil plan to fix the systematic problems within the Irish banking system is… to mortgage the entire country in order to keep the system running the same way as before.
The contradiction inherent to that decision - to fix a broken system by ensuring it runs the same way as before - is […]
Posted in capitalism, Economy, Banks, Ireland on Oct 1st, 2008 No Comments »
Posted in Irish Economy, Economy, Fianna Fáil, PDs, Labour, politics/Ireland, Fine Gael, Politics on Sep 30th, 2008 9 Comments »
Short-sighted economic policy?
Property bubble burst?
Severe credit-crunch?
Erectile dysfunction?
If you are ticking all of the above boxes, (except maybe, ahem, the last one), then you’re probably in Ireland in 2008, or Sweden in 1992.
Sixteen years ago, Sweden was looking down the barrel of an insolvent gun. Its housing bubble had burst, resulting in a credit crunch […]
Posted in capitalism, Economy, Politics on Sep 30th, 2008 No Comments »
Posted in American, fuckwits, Economy, US Politics on Sep 28th, 2008 2 Comments »
From today’s New York Times:-
Congressional leaders and the Bush administration reached a tentative agreement early Sunday on what may become the largest financial bailout in American history, authorizing the Treasury to purchase $700 billion in troubled debt from ailing firms in an extraordinary intervention to prevent widespread economic collapse. Officials said that Congressional staff members […]
Posted in Economy, US Politics, Politics on Sep 27th, 2008 2 Comments »
Posted in Economy on Sep 25th, 2008 10 Comments »
That’s a yes then.
Posted in Knife-wielding maniacs, Ex Members of Fall, Disaster Relief, Current Affairs, Economy, Politics on Sep 22nd, 2008 Comments Off
What is that movie? Boiler Room? That’s what it’s like. I mean, it’s the coolest thing ever. Cubicle, cubicle, cubicle for 150,000 sq.
ft. The ceilings were probably 25 or 30 feet high. The elevator had a big graffiti painting. Big open space. And it was awesome. We lived mortgage. That’s all we did. This deal, […]
