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9 posts tagged with "Ireland"
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"Illusions commend themselves to
us because they save us pain and allow us to enjoy pleasure instead. We must
therefore accept it without complaint when they sometimes collide with a bit of
reality against which they are dashed to pieces."
–
Sigmund Freud
Let
me...
Where is the
peace dividend that was supposed to come after the end of the Cold War? Where
are the fruits of the amazing gains in efficiency that technology has afforded?
It has been eaten by the bureaucracy that manages our every move on this earth.
The voracious and insatiable monster here is...
Just
as only four short years ago it was All Subprime, All the Time, and then it was
the Credit Crisis, now it is Europe. (When) will Greece default and which banks
will implode as a result? Is there another banking crisis in our future? I just
came back from a whirlwind four-country...
This
week we turn from the crisis brewing in the US to the one that is coming to a
slow boil in Europe. We visit our old friends Greece and Ireland and ponder how
this will end. It is all well and good to kick the can down the road, but what
happens when...
When Irish eyes are smiling,
Sure, 'tis like the morn in Spring.
In the lilt of Irish laughter
You can hear the angels sing.
When Irish hearts are happy,
All the world seems bright and gay.
And when Irish eyes are smiling,
Sure, they steal your heart away.
Just
when I’ve begun...
Last
week, in the first part of my annual forecast, I suggested that 2011 would be
better than Muddle Through, with GDP growth in the US north of 2.5%. World GDP
growth should be even better. This week we look at what I see as the real
downside risks to that prediction. Oddly enough,...
How
often did we as young kids go down the street kicking a can? “Kicking the can
down the road” is a universally understood metaphor that has come to mean not
dealing with the problem but putting a band-aid on it, knowing we will have to
deal with something maybe even worse in the...
Why
is it that the Irish must take upon themselves the debts of their banks, which
in reality are debts owed to German and French banks? Why should the Germans
bail out the Greeks and the Spanish? Is the spread of “contagion” starting to
taint the debt of Italy and even Belgium, the...
China’s
currency is rising ever so slowly against the dollar. But is that hurting
China? We will look at a very interesting chart and some research. And then
we’ll gain some more insight into why the employment numbers seemed to
surprise. I guess if you lower the bar, it’s easier to...
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