This crisis is likely to culminate with capital controls re-imposed in Ireland, following a Europe-wide run on the banks. This bank run will be an accelerated and panicked version of what is already happening right now. Money is likely to leave all the major banks of...
Europe’s crisis has gone nuclear. For readers of this column, the endgame in Europe, which is likely to be a currency break-up, hardly comes as news. But the event itself will be traumatic for all of us. The most likely scenario is some sort of two-tier...
While I was dropping the children to school yesterday, the morning radio show on Newstalk highlighted an Ernst & Young report which claimed in its latest forecast on the economy that full employment would not be seen again in this country until 2030 —...
Dear Reader, This website was set up eleven years ago. Jesus, time flies. Back in 2000, it was clear to me that we were at the beginning of a cycle which would see an enormous bout of credit-driven inflation, leading to a crash and giving way to a period of deflation...
