trueeconomics.blogspot.com / by RICHARD FLORIDA via citylab.com / October 19, 2014
You know the mythology: despite 55% upper marginal tax rate in exchange for nearly zilch in public services, despite the need to pay consultants’ fees and private insurance just to get basic medical care, and despite the fact that childcare runs a cost of [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 18, 2014
Yesterday I had a chance to speak about the state of the Irish economy at a breakfast briefing hosted by Invesco. Here are my speaking notes (slightly edited).
Where Ireland is today?
There is a recovery The recovery is still fragile & highly uneven Risks [...]
armstrongeconomics.com / by Martin Armstrong / October 4, 2014
The term Troika, actually comes from the Russian meaning “group of three”. It was increasingly used during the Euroland crisis to describe the European Commission, International Monetary Fund and European Central Bank, who formed a group of international lenders that laid down stringent austerity measures [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Saturday, September 13, 2014
Remember the booming tax receipts and corporate tax returns? So what is really booming in the Exchequer accounts in Ireland?
Chart above shows that:
As proportion of total tax receipts, Income Tax and Levies now account for 42.84% of all tax receipts (data for January-July [...]
zerohedge.com / by Tyler Durden on 09/11/2014 11:30
One quick look at the map of the UK shows the biggest impact a loss of Scotland would have on the Divided Kingdom (f/k/a UK) of England, Wales and Northern Ireland, should the “Yes” vote in the Scottish referendum garner a majority in one week:
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / September 8, 2014
Irish services sectors have been at the forefront of the latest recovery for over two years now, posting booming figures and rosy PMIs. Underlying trends, however, are less often voiced. So let’s take a look at the latest data here:
Overall, by value indices, Irish [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / September 4, 2014
Recent, the WEF released its new Global Competitiveness Indicators, showing some pretty bizarre changes in Ireland’s performance across a number of metrics. Here are the historical trends and the latest figures. Overall, 2014-2015 GCI rank for Ireland shows and improvement from 28th place in 2013-2014 [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Saturday, July 19, 2014
So… after two decades of extensive road building on foot of EU and domestic money, Ireland’s road system (based in a country with mild climate, no extreme temperatures variations and no seismic activities) is ranked right below that of Chile (seismically-active, extremely mountainous and extreme [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Friday, June 13, 2014
Some quick stats on trade in goods data out today:First up: aggregates:
Aggregate exports are down once again in 2014: off 1.8% for the period January-April Much of this is down to pharma and organic chemicals, but declines overall were registered in [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Saturday, June 7, 2014
Two articles this week highlight the on-going saga of Irish corporation tax regime:1) One covering California’s Governor comments made to our Taoiseach: http://www.independent.ie/irish-news/politics/california-would-be-an-independent-state-if-it-had-irelands-tax-regime-30336242.html2) And another covering the EU probe being launched:http://www.businessweek.com/news/2014-06-05/eu-said-to-decide-next-week-on-probe-of-irish-dutch-tax-breaks
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Friday, May 30, 2014
In the previous post on Retail Sales data, I covered Q2 comparatives across the years (http://trueeconomics.blogspot.ie/2014/05/3052014-that-state-sanctioned-inflation.html). As promised, here is April data taken on a monthly frequency.There are several very interesting developments in terms of core retail sales data released earlier this week by CSO. [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Friday, May 23, 2014
A very interesting theoretical paper “Labor Mobility within Currency Unions ” by Emmanuel Farhi and Iván Werning, April 2014 (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2436714) looks at “the effects of labor mobility within a currency union suffering from nominal rigidities.”The departing point for the paper is Mundell (1961) famous dictum [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Sunday, May 18, 2014
A chart summarising some interesting stats on global gambling addiction…
Ireland in a ‘proud’ seventh position… and just like our ‘aspirational’ brethren in Finland, heavily into online gambling – a form of a-social entertainment that is pure addiction…
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / Sunday, May 4, 2014
Ireland’s external balance performance has always been a major point for departure in analysis of our economic growth, sustainability of our debt and overall consideration of our economic infrastructure quality. As a Small Open economy, Ireland is trade-intensive. As an MNCs-led economy, Ireland is [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / Friday, April 25, 2014, 2:27 PM
Deflation at consumer prices level is a two-edged sword. Whilst it normally rises savings and delays consumption, it also helps households stuck in debt to deleverage faster and it beefs up surplus savings available for investment.But deflation at producer prices level is [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Saturday, April 19, 2014
Here we go, folks… ESRI’s latest thoughts on Irish economy… and they are earth-shattering.Let’s take a few pointers from the wise:1) “Ireland could face a debilitating period of stagnation – characterised by high unemployment, falling prices and low growth – if recovery in Europe falters”.“Could”?! [...]
yanisvaroufakis.eu / By yanisv / April 1, 2014
The Irish and the Greeks are, in many ways, very different people. And yet, caught up in the Euro Crisis, our fortunes have become too close for comfort. Recently, European authorities have devised a creative new method for damaging the people of Ireland and of Greece [...]
trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Saturday, February 8, 2014
This is an unedited version of my Sunday Times column from January 19, 2014.
With Dublin property prices and rental rates on the rise optimism about bricks and mortar is gradually re-infecting our living rooms and feeding through to the government and [...]
europac.net / By Andrew Schiff / January 27, 2014
This article is taken from the Winter 2014 EPC Global Investor Newsletter.
With the Standard & Poor’s 500 Index having posted a 30% gain, it’s easy to assume that U.S. stocks easily led the world in 2013. (There is more on what is behind this rally [...]
caseyresearch.com / By Chuck Butler / January 21, 2014 8:32am
In This Issue.
* Housing keeps rolling along * A quiet week for US data * Ireland raised to investment grade * Chinese growth in neutral
And, Now, Today’s Pfennig For Your Thoughts!
China in a holding pattern.
Good Day.and welcome to Tuesday morning. As [...]