    LifeStraw Personal Water Filter - $19.95 Retail Price: $29.95 You Save: $10.00 from: Eartheasy.com   | XAU/USD, 1 Year – (Bloomberg) goldcore.com / By Mark O’Byrne / May 7, 2013 Gold rose $0.70 or 0.05% yesterday to $1,469.90/oz and silver finished down 0.37%. A bank holiday was observed in the U.K. and Ireland yesterday. Ireland’s Finance Minister, and current European Council President, Michael Noonan, is introducing [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / May 1, 2013 Another unpleasant print of NCB Manufacturing PMI for Ireland was out today, marking broad-based, deepening contraction for the second month in a row and for the third month in last four. Here are top figures: Overall Manufacturing PMI declined to [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / April 30, 2013 The chart that bothers me most in Irish context is: This shows the structural nature of the growth slowdown in Ireland in post-2007 period (based on IMF forecasts through 2018). The period of this slowdown is consistent with the growth rates recorded [...] silverdoctors.com/ By THE DOC / April 23, 2013 As if on cue, a day after my expose on Anglo Irish Bank and its shenanigans (see Global Banking Crisis – How & Why YOU Will Get “Cyprus’d” As This Bank Scrambled For Capital!!!), The Irish Business Post announces senior bondholders will get wiped out. That’s right, [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / Saturday, April 6, 2013 Let’s do some more numbers crunching on Irish Live Register for Q1 2013. In Q1 2012 official Live Register declined 9,902 on Q1 2012 (-2.26%) and down 14,936 on Q1 2011 (-3.37%). Sounds like some achievement. Alas, of the above numbers: Of the 9,902 [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / Tuesday, April 2, 2013 So foreign investors are allegedly flocking in thousands to Irish commercial real estate markets, snapping anything they can get their hands on… right http://www.independent.ie/business/world/number-of-empty-office-buildings-soars-by-67pc-29167687.html Meanwhile, of course, residential property is on a ‘recovery path’ (aka flat-line dead) per latest CSO figures for the Residential [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / Sunday, March 31, 2013 Some interesting charts from the ECON review of the peripheral countries’ structural reforms implementation during the crisis (full report is available here): Note that by both measures, Ireland is not the ‘best pupil in the class’: By unadjusted metric, we are [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / Sunday, March 31, 2013 Here’s an interesting case of Ireland’s uniqueness: Eyraud, Luc and Moreno Badia, Marialuz, “Too Small to Fail? Subnational Spending Pressures in Europe” [(February 2013). IMF Working Paper No. 13/46] paper looks at the re-distribution of spending between national and sub-national governments [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / Thursday, March 7, 2013 Mortgages arrears data for private residences in Ireland for Q4 2012 was published today by the Central Bank of Ireland. Few surprises. As expected, arrears rose. Unexpectedly, the rate of increase was much much slower than before in q/q terms and [...] yanisvaroufakis.eu / by Yanis Varoufakis / February 10, 2013 Ireland and Portugal have, recently, tested the water of the money markets with some success. Portugal has issued 5-year bonds and Ireland is in the process of converting its unbearable promissory notes into long-term bonds, to be sold to the private sector. So, on face [...] blog.milesfranklin.com / By Bill Holter / January 14th, 2013 UK bank sits on a pot of €235m in Irish gold Ireland purportedly has a whopping 6 tons of Gold, most of which is held in the Bank of England. 6 tons is not a lot (at today’s prices) of money and would not [...] truthingold.com / By truthing / January 14, 2013 at 14:55 Ireland owns six tonnes of gold, the bulk of which is held at the Bank of England, it has been revealed. The Central Bank of Ireland said the value of its gold holdings was €235m last time it checked. This represents just over [...] independent.ie / By Dan White / Sunday December 16 2012 WAY back in the autumn of 2008, the joke in financial circles was that the only difference between Ireland and Iceland was a letter and six months. Now, with the Icelandic banks preparing to issue foreign currency bonds once again, it turns [...] mises.org / By Frank Shostak / Thursday, November 22, 2012 There were a lot of commentaries regarding the Ireland and Iceland 2008–2012 financial crises. Most of the commentaries were confined to the description of the events without addressing the essential causes of the crises. We suggest that providing a detailed description of events cannot [...] acting-man.com / by Pater Tenebrarum / September 21, 2012 Euro Area Italy Downgrades Itself The government announces that Italy’s growth will be weaker than hitherto predicted and the deficit will be commensurately worse. Verdana;mso-bidi-font-family:Verdana” lang=”EN-US”>Reuters: “Italy slashes growth outlook, hikes deficit, debt goals mso-fareast-font-family:Verdana;mso-bidi-font-family:Verdana” lang=”EN-US”>” “The government forecast that gross domestic product would shrink [...] dollarvigilante.com / September 5, 2012 Last week in Asunción, Paraguay, Ken Johnson and I had lunch at an exclusive country club with a Paraguayan congressman whom I cannot name. Now, I know what many of you are saying: “Jeff Berwick talks to politicians?” Here’s my excuse. First of all, your average politician in [...] ynetnews.com / by Menachem Gantz / August 24, 2012 Op-ed: Appointment of archbishop linked to pedophile priests’ scandal as envoy to Jerusalem underscores strained Israel-Holy See ties The decision by Pope Benedict XVI to appoint Archbishop Giuseppe Lazzarotto as the new papal ambassador to the Holy Land is an embarrassment and humiliation for Israel. [...] acting-man.com / by Pater Tenebrarum / August 21, 2012 The Dutch Housing Bubble Deflates One of the so-called ‘core’ countries of the euro area, the Netherlands, is in danger of experiencing a collapse of its housing bubble, similar to what occurred in Ireland and Spain. The Netherlands may therefore soon become the next [...] zerohedge.com / by Tyler Durden / August 13, 2012 Via Mark E. Grant, author of Out of the Box, “There was a free lunch just once. It was when Eve gave the apple to Adam and we all know how that turned out.” -The Wizard As I stare out at the Maginot [...] arabianmoney.com / By Peter Cooper / July 19, 2012 Still shining after 71 years some five kilometres under the Atlantic Ocean off the coast of Ireland, this hoard of 1.4 million ounces of silver was recovered by the SS Gairsoppa owned by Odyssey Marine Exploration, its heaviest and deepest underwater mission to date. The [...] acting-man.com / By Pater Tenebrarum / July 13, 2012 Finland Wants Spanish Bank Stocks As Collateral The week’s point of maximum absurdity was (probably) reached yesterday when Finland’s finance minister Jutta Urpilainen let it be known what she wants as collateral for lending money to Spain’s banks: Spanish bank equity! „Finland is in talks [...] zerohedge.com / by Tyler Durden / June 12, 2012 If Greece, Ireland, Portugal and Spain can do it, why not everyone? Heck, why pay for anything, instead of just ramping up debts, until the consolidated debt load is so high the Fed has no choice but to bail everyone out? Of course, this is purely [...] telegraph.co.uk / by Ambrose Evans-Pritchard / June 5, 2012 Spain has admitted for the first time that it can no longer raise money on the global markets or roll over its sovereign bonds, threatening to set off a dangerous escalation of Europe’s debt crisis. Premier Mariano Rajoy said the country is “in an [...] wealthcycles.com / June 2, 2012 he Irish verdict is in, and, as predicted, the Irish people voted to accept the European Union’s new proposed fiscal treaty, which would lock in additional austerity measures and spending limits for years to come. The vote was something of an anti-climax, since the German-supported effort to get European debt [...] goldmoney.com / May 31, 2012 “Spexit” – short for a Spanish exit from the eurozone – is the new word leaping of the tongues of market analysts, with investor attention centred on problems in the Spanish banking sector. Though the European Union has offered Spain more time to sort out its budget problems, news [...] sovereign-investor.com / Bob Bauman / May 29, 2012 These days, Greece is an economic disaster area – but it’s not alone. Spain, Portugal, Italy and Ireland are also suffering from the same EU financial indigestion. A few years ago, the booming Irish economy was the envy of Europe. It earned the nickname “the Celtic Tiger” [...] zerohedge.com / by Tyler Durden / May 29, 2012 Back in February, as part of the latest Greek bailout of European banks, we noted that the most subversive part of the German-led proposal was nothing short of a gold confiscation scheme. the European bailout of Greece, is now formally a Greek bailout of Europe, funded [...] nytimes.com / By Tyler Cowen / May 26, 2012 What is to be done about Greece? Simply keeping it in the euro zone won’t help much, even if it’s possible. The continuing crisis has sapped confidence in banks not only in Greece, but also in Spain, Italy, Portugal and Ireland, though to varying degrees. [...] market-ticker.org / May 28, 2012 Now this is creative — and destructive. Spain is considering using debt issued by the government or its bank-rescue fund instead of cash into the Bankia group, using a mechanism that would free it from raising the money from investors. The government hasn’t made a decision on whether to [...] zerohedge.com / Tyler Durden / May 28, 2012 The person who has caused global stock markets so much consternation by daring to play chicken with Germany until the bitter end conducts a no holds barred interview with Germany’s Spiegel. There is little love lost between the Syriza leader and the Germans, who were quite surprised [...] |
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