trueeconomics.blogspot.com / by Constantin Gurdgiev / March 25, 2015
In the previous post covering IMF latest research on Ireland, I looked at the IMF point of view relating to the distortions to our National Accounts and growth figures induced by the tax-optimising MNCs.
Here, let’s take a look at the key Article IV conclusions.
goldcore.com / By Mark O’Byrne / February 26, 2015
Most likely undiscussed in the EU report is the role it has played in Ireland’s long, drawn-out recession. High taxes in Ireland are stifling economic activity and the ability of households to pay their debts.
These high taxes are a direct result of EU institutions bullying […]
trueeconomics.blogspot.com / by Constantin Gurdgiev / February 1, 2015
What do foreign ‘experts’ like BofE Mark Carney forget to tell you when they say that Ireland’s banking system has been [largely] repaired?
Oh a lot. But here are just two most important things:
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Sunday, January 25, 2015 9:00 PM
Contagion? Well don’t worry about that! German Chancellor Angela Merkel assures us that will not happen. However, a difference of opinion is forming in Greece, Spain, and Ireland.
Via translation from El Confidencial, SYRIZA Extends the Debate, “Ireland Stands Out: Seeks Conference […]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / December 30, 2014
An interesting chart via DB, mapping sovereign debt holdings across the advanced economies:
As the chart clearly shows, Irish Government debt is disproportionately held in the Central Bank. Other countries with similar proportion of CB-held debt – UK, US and Japan – all deployed […]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / December 14, 2014
Indices for activity (volume and value) in Building & Construction sector in Ireland were published this week covering Q3 2014. Here are the details:
Across all Building & Construction sector:
Value index for all Building & Construction sector rose to 108.6 in Q3 2014 – […]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / November 1, 2014
Here is an interesting study published by the Irish Academy of Engineering in response to the Government Green Paper on energy:http://www.iae.ie/publications/publication/iae-response-to-green-paper-on-energy/.
To put matters into context IAE notes elsewhere that:
Since 2007 energy prices in Ireland have risen by 29% in real terms compared […]
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…