Daily Archives: March 22, 2010

Wicklow open for Business?

Posted on March 22, 2010 by

    Strolling down the main street of Wicklow town I can’t help notice how empty the place looks More and more shops are closing! Even St Patricks day parade came up short when compared on past business participation . … Continue reading →

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Where now for the Dow?

Posted on March 22, 2010 by

  Dow Jones possible run for the rest of the year! Whilst I would not concur with the exact layout this graph is showing and I would not go along with the end of year high I will agree with … Continue reading →

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Financial despair leading to suicide

Posted on March 22, 2010 by

By JEROME REILLY Sunday March 21 2010 Twenty-nine deaths by suicide can be directly linked to the turmoil in the construction and property sector but dozens more deaths among small investors, homeowners and construction industry workers linked to financial despair … Continue reading →

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Reckless expectations, not competition

Posted on March 22, 2010 by

Lending to private sector as % of GDP was ca 50% in 1995, reaching 100% in 1998 and rising to 300% in 2009Vast increases in lending to developers: in 1997 there were €10bn lent out to developers against €20bn in mortgages; in 2008 these figures were €110bn and €140bn respectivelyOver the time when lending to private sector rose 600%, mortgages lending rose 550%, our GDP rose by 75%
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Posted in accounting gimmickry, Allied Irish Bank, Allied Irish Banks, Anglo Irish Bank, Bank of Ireland, Basle Banking Model, Central Bank Governor, Chairman of the Audit Committee, Dr. Constantin Gurdgiev, European Commission, Government-guaranteed for Banks X Bank of Ireland X institutional investors X mortgage, Irish Banking, Professor Brian Lucey, trueeconomics | Tagged , , ,