Comments on: Great expectations – the driving force behind latest property crisis

By: McCawber

McCawber — Fri, 06 Nov 2015 13:11:11 +0000

Assuming the Euro was ditched.
I don’t want to go back to the old way of doing things where once again the banks ripped the punter off.
Firstly currency spread betting would have to be made illegal.
Secondly the spread that banks charge for currency exchange would have to be restricted to no more than +/- A half of one %. There is no justification for the current spreads on £/$ v € for example.
In fact the current spread charged on £/$ v € should be immediately restricted to +/- 1 % and ultimately reduced to +/- half of one %.
I used a an exchange transfer which eliminates most of the cost associated with exchanging currencies including fix charges.
Once again the banks are being allowed to gouge and that is the real problem.
Start eliminating the gouging and that kind of discipline will bring it’s own reward.
Thirdly and I know I keep repeating this but all those mumbo jumbo financial instruments need to eliminated before we dump the Euro, then we might not have to dump the Euro ie Can we get horse in front of the cart.

By: McCawber

McCawber — Fri, 06 Nov 2015 12:59:59 +0000

Is the current “Rent” trend a bubble or a trend toward a bubble.

By: McCawber

McCawber — Fri, 06 Nov 2015 12:54:32 +0000

So McCawber was guilty of plagiary.
Let them eat cake!

By: McCawber

McCawber — Fri, 06 Nov 2015 12:50:15 +0000

Perspective is everything in elections.
I live in Ireland and if I had a vote in the USA elections, I’d vote Democratic.
Yet I know with absolute certainty that if I lived in the USA I would vote Republican.
Am I alone in this kind of thinking?
What does this tell me about the voting decisions I make in Ireland?

By: McCawber

McCawber — Fri, 06 Nov 2015 12:36:24 +0000

I can confirm to you that the electricity market is even worse than you’ve described.
It’s a square peg being forced into a round hole, where once again financial interests or instruments or both have been introduced into a market that hurts guess who.
To put a bit of explanation to that.
The European electricity market is a round hole, huge and highly interconnected.
The Ireland market is a square peg, small and loosely connected.
Fits all size approach screws us.
Add in the political agenda and we’re being doubly screwed.

By: Zevar

Zevar — Tue, 03 Nov 2015 06:59:12 +0000

Ah yes, now I understand what you’re trying to say. You’re saying that nowadays rubbish can be used to generate electricity. You’re spot on, well done.

By: coldblow

coldblow — Mon, 02 Nov 2015 20:56:17 +0000

Kunstler had a brush with pc only the other day in Boston College where had been speaking.

http://kunstler.com/clusterfuck-nation/good-little-maoists/

By: Tony Brogan

Tony Brogan — Mon, 02 Nov 2015 19:50:56 +0000

“so what who has a majority in Congress, US is a presidential system ”

I thought that Congress must approve monetary bills and authorizations. Thus they could curtail the presidents wishes to spend more money.

In the case of the debt spiral of Obama’s presidency then Republicans allowed a Democrat to spend more and more so both are equally complicit.

On a day to day basis there is no difference between the two main parties. The Debt level has gone up a trillion a year since 2000 regardless of the colour and strip of the governing party. The unfunded liabilities are 200 Trillion and not just the 18 T now at the newest debt ceiling.

It is the same in Canada. First a party decries overspending then adopts it. Vice Versa. Both Conservatves and Liberals have reduced debt level and both have rapidly expanded it.

In the US the president is and has usurped powers not accorded in the constitution.

By: Grzegorz Kolodziej

Grzegorz Kolodziej — Mon, 02 Nov 2015 15:41:23 +0000

“the less manipulated their minds seem to be”
I meant the more manipulated – swine flue is a good example.

In general I find people who run their own small business in Ireland the most open-minded to talk to, and sometimes the most humble…

By: coldblow

coldblow — Mon, 02 Nov 2015 15:37:24 +0000

Grzegorz

I remember you saying your mother was very sick. My father hadn’t been able to walk for two years and it was a surprise he lasted this long (he died three weeks ago today). But he was a good age, 89.

I came to that conclusion about depression nearly two years ago. Extraverts (the vast majority of bloggers are extraverts) are strongly influenced by their surroundings, such as the weather. I couldn’t care less about the weather as long as it doesn’t get too hot.

Crotty had a very low opinion of the Irish elite and campaigned against the EU. He put everything on his successful challenge to the state which ensures that we have to have referendums on such matters. He regretted later that he hadn’t put more emphasis on the economic reasons agaisnt Europe. At the time it seemed to be all about Irish neutrality, and you don’t even hear anyone talking about that any more.