In my 2007 book ‘The Generation Game’, I wrote “Anglo Irish bank is little more than an out-of-control hedge fund leveraging themselves and their clients into property”. The lawyers for the publishers insisted that the name Anglo be dropped,...
My dad used to tell me about the numerous pawnbrokers in Dun Laoghaire, and how it was common for people to use them at the end of a week, or coming up to some big event, to get cash for clothes, jewellery or anything that could be used as collateral. If the person...
What is the true state of the housing market in Ireland and what does it mean for you? There’s a huge amount of hype, speculation and sales talk doing the rounds and in this cacophony and noise, it is hard to get a true picture. One way to look at the property...
This week the diminutive Janet Yellen, by far and away the most powerful woman in the world, sent the macho and male-dominated financial markets into a hissy fit when she mused aloud that she may raise US interest rates early next year. The new head of the Federal...
I am here at Abu Dhabi Airport. My flight was supposed to depart at 2.15am. It’s now 9am and we’ve been told the flight may take off at 11am. So you can imagine the state of the place and the state of me! There’s no point in getting angry at staff,...
One of the interesting things about emerging market crises, is that when you are in one, it doesn’t feel like a crisis at all. Turkey has been buffeted by a political crisis and mass demonstrations, which could easily have spilled over into the nightmare playing...