Tuesday, September 22, 2009

Economics 22/09/2009: Bleeding jobs...

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CSO’s Quarterly National Household Survey (QHNS) Q2 2009 shows ongoing collapse in employment in the country. After peaking at 2.14mln in Q1...

Economics 22/09/2009: Emigration raging

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Per CSO release today, Ireland is now back in the age of net outward migration, or in that ugly 1980s term – emigration. “The number of emig...

Economics 22/09/2009: Two further Nama points

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Updated below: Global Finance Magazine on the concept of ‘long-term economic value’ of distressed assets ( here ) and on effectiveness of ba...
7 comments:
Monday, September 21, 2009

Economics 21/09/2009: ECB's penalties?

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Updated version (00:42am September 22) On June 23, 2009, ECB opened bidding for its first 12-month refinancing operation. Back in May 2009, ...
2 comments:
Saturday, September 19, 2009

Economics 19/09/2009: Nama, bondholders and shareholders

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Setting aside, for now, the issue of who subsidises who in Nama, a quick note on opportunity cost of the undertaking when it comes to the st...
6 comments:
Friday, September 18, 2009

Economics 18/09/2009: An Illustration to the Idiot's Guide to Economics

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Per chart below, average monthly bond spreads for Irish Government 10-years paper for the last 8 months. We've read Brian Lenihan's...
4 comments:

Economics 18/09/2009: hard numbers for our delusional leaders

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Retail sales for July gotta be hard read for our delusional leaders ( here ). Per CSO release today: "The volume of retail sales (i.e. ...
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Economics 18/09/2009: Idiot's guide to the Galaxy

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One of my favorite books in the Universe, The Hitchhiker's Guide to the Galaxy has been surpassed, if only momentarily, by a publisher ...
8 comments:
Wednesday, September 16, 2009

Irish Economy: a longer view

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Yesterday I was asked to give a quick talk to the Marketing Institute - at a lovely breakfast gathering - on my view of Ireland's econom...
1 comment:

Economics 16/09/2009: IDA's latest news... breaking

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I will blog on Nama latest figures tomorrow afternoon, so stay tuned, but for now - a piece of better news: IDA will be launching a new camp...
1 comment:
Tuesday, September 15, 2009

Economics 15/09/2009: Why there is no hope...

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This is, to put it in PMD's words, why there is no hope for long term growth in Ireland ( here ). Throughout the years of Celtic Tiger,...
5 comments:
Saturday, September 12, 2009

Economics 12/09/2009: More NAMA lies exposed

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One interesting observation on Nama and a quick follow up to the developing story on ECB alleged unwillingness to deal with nationalized ban...
9 comments: