Comments for David McWilliams

Comment on Back to Kamikaze capitalism by bonbon

bonbon — Mon, 20 May 2013 15:24:39 +0000

That deposit sector is for bail-in. Just in case you missed it EU Prepares Grab for Bank Accounts. This is now official EU policy. It will be stolen - and as in the Cyprus test presided over by Enda, happy depositors will get valuable shares of the zombie banks. Try buying a house with those!

Comment on Back to Kamikaze capitalism by Bamboo

Bamboo — Mon, 20 May 2013 15:22:28 +0000

Did you sell Molly?

Comment on Back to Kamikaze capitalism by bonbon

bonbon — Mon, 20 May 2013 15:17:17 +0000

Do you mean good jobs at the IFSC? John Bruton’s IFSC?

Comment on Back to Kamikaze capitalism by bonbon

bonbon — Mon, 20 May 2013 15:12:03 +0000

The financial system is insane. And the efforts to regulate it like the German “Muckefuck” reform are even more idiotic. So what does DMcW expect? A waterfall of credit from a lunatic asylum where the patients (accountants) have taken over?

Comment on Back to Kamikaze capitalism by TrackerMan

TrackerMan — Mon, 20 May 2013 15:07:20 +0000

About €92.5bn in private sector deposits in this country at the end of March last, combined with people in good jobs in the cities is more than likely driving this. Very limited new supply on stream in Dublin – lowest stock levels for many years unfortunately, leading to 20 / 30 people looking at houses ar weekends in the €350k to €500k price range. Gold commodities fearful of China collapse, Aussie dollar down majorly over past week on this threat…keep an eye on metals and Aussie over the next 2 months / Chinese port activity.

Comment on Back to Kamikaze capitalism by molly

molly — Mon, 20 May 2013 15:01:47 +0000

Theres a lot of people out there who sold there house at the good time to sell under advisement and rented so that’s where the cash comes in.
I was advised to sell my house in 2007 and rent because the market was going to crash and I would be able to but the same type of house for a third of the price.

Comment on Back to Kamikaze capitalism by bonbon

bonbon — Mon, 20 May 2013 14:48:34 +0000

Oops, there I go again, disturbing the Obama fans, ruffling the feathers.

Obama is destroying the transatlantic site, and some Royals are proud of him.

Instead let’s destroy the bank-gaming that’s at it again, as DMcW implies – split them. Now that takes guts.

Comment on Back to Kamikaze capitalism by 5Fingers

5Fingers — Mon, 20 May 2013 14:46:01 +0000

100th Comment?

Interest rates are still very low and so too is the level of money available for lending. I’d love to know who is buying? Are banks really lending to property? OR are savings going into property because people fear for their deposits? Could this be the run to “Gold” like assets except instead we are talking about land and property? Indeed it could be seen as a way for the banks to hover up more assets.

Comment on Back to Kamikaze capitalism by Reality Check

Reality Check — Mon, 20 May 2013 14:11:09 +0000

- The start of Von Mises’s “crack up boom”???

Comment on Back to Kamikaze capitalism by TrackerMan

TrackerMan — Mon, 20 May 2013 14:04:49 +0000

David, good article, nice follow on from last week, with stock markets going up, driven by worldwide quantitative easing now going into overdrive. This is driving up property prices in Dublin, Germany, London (average price now over £500k) & nearly all of first phase at ex. Treasury Holdings Battersea power station sold out – 824 units out of 866. It is part of a medium term reflation trade / financial repression (for those that don’t have exposure to inflation linked assets). It may well end in a slump / massive bubble at some point, but right now given high unemployment / weak economic growth – your famous waterfall of credit will flow for some time yet & it is having unintended consequences with cash being channelled into unproductive inappropriate areas where supply is tight – equities, bonds and property. Asset misallocation / mispricing is rife at present, but then so is the financial system.