Monday, January 19, 2009

Will mayhem begin?

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This is an unusual post for this blog - short and an attempt to 'call' the market - but given the comments, reportedly, given on RTE...
Sunday, January 18, 2009

Irish credit II

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Here are the facts in support of Irish credit ratings downgrade (for those impatient to get the actual downgrade forecast, see Table 2 at th...

Irish credit I

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The prevailing feature of last year’s end is a growing tide of anger at the impotence of our Government to come to grips with the bleak real...
Friday, January 16, 2009

Our true credit ratings

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The credit ratings agency, Fitch, has downgraded all Irish banks closer to the junk-bond status: • Allied Irish Bank and Bank of Ireland ...
Thursday, January 15, 2009

The Oligarch of the Upper Merrion Street

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Flip-Flop-Flip Brian On October 23, 2008, just two and a half months ago, Minister for Finance has gone out of his way to explain that the ...
Wednesday, January 14, 2009

Renewing appetite for risk?

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“I have some good news, at least for the intermediate term: Investors are slowly regaining their appetite for risk” , wrote Marketwatch’s Ma...
Tuesday, January 13, 2009

Foot-in-Mouth Outbreak update I

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From today’s WSJ – hat tip to Paul – see the first comment here : “So the Fed is again in the position of "pushing on a string" a...

Surprise! Our Brian's new 'foot-in-mouth' outbreak

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As stated in the Financial Times today ( here ): "Brian Lenihan, the Irish finance minister, accused the UK authorities of, in effect, ...
3 comments:

Near Sovereign bonds - the next frontier II

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Brad Sester on the same topic of the US Federal paper ( here ) gives pretty much the same analysis of the Treasury's supply and demand i...
Monday, January 12, 2009

Near Sovereign bonds - the next frontier?

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We all know 2008 wasn’t a good year for securities markets. Now that the data is trickling in, we can see just how badly things turned out. ...
Sunday, January 11, 2009

A foreigner? We are not too welcoming in our Public Sector...

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Few months back I was invited to a presentation by the Immigrant Council of Ireland, attended amongst others by a senior civil servant in ch...
Friday, January 9, 2009

DofF (In)Stability Report

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And so it goes - another weekend, another rushed report. This time around, the boffins in our Department of Finance have decided to give the...