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Hedge Funds bet on Irish Default

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    #32
    danbohan
    Closed Accounts Posts: 1,914 ✭✭✭danbohan


    oppenheimer1 wrote: »
    Well we have a government that has access to all the facts, the best expert opinion from a multitude of sources.

    Or two economists who may have their own agenda.

    The Euro won't collapse, it is simply to big to fail. We will have Bretton Woods 2 before governments let commerce fail. Currency and economies are entirely man made constructs, they follow rules set out by people. So if the rules don't work, change them. Thats what will happen in the long term.


    Well we have a government that has access to all the facts, the best expert opinion from a multitude of sources.

    well well well , my god man , have you been away for a while ?


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    #33
    the keen edge
    Closed Accounts Posts: 1,533 ✭✭✭the keen edge


    dannym08 wrote: »
    basically, your kids are seized by the state and sold on to russia or somewhere, im not sure of the exact details, its bad though...

    Apparently Madonna will be in the market for some of the children.

    She pay's in US$'s, if that's of any comfort to you.


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    #34
    Pittens
    Closed Accounts Posts: 1,404 ✭✭✭Pittens


    Kellys article isn't that scary. He suggests a solution. Wipe out the banks debt. That is not, or wasn't originally, sovereign debt so it shouldn't affect our credit rating. If banks won't loan to our new banks the ECB will.

    Good idea. Do it.


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    #35
    force majeure
    Registered Users Posts: 387 ✭✭force majeure


    Its true enough that a number off over sea's investment houses plot against poor old Ireland, but as high stakes gambling go its not a odd thing to happen. More interest well be paid to the 'ISEQ' and the '20' to see if they well go down another 25% or so by end off year.


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    #36
    AARRRRGH
    Closed Accounts Posts: 566 ✭✭✭AARRRRGH


    RATM wrote: »
    FF & Cowen position:- 'We've turned a corner'

    Morgan Kelly & David McWilliams position:- 'there's going to be a run on the banks and a massive debt collapse. It's now not a matter of if, but when'

    Now who do you believe, the government or two separate independent economists both preaching the same song?

    Economists are like astrologers.
    If there is no run on the banks people will conveniently forget what Kelly and McWilliams predicted that didnt happen.


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    #37
    omahaid
    Closed Accounts Posts: 2,497 ✭✭✭omahaid


    RATM wrote: »
    Morgan Kelly & David McWilliams position:- 'there's going to be a run on the banks and a massive debt collapse. It's now not a matter of if, but when'

    I wont lie to you, I lost a lot of respect for David McWilliams after "The Panel"


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    #38
    oppenheimer1
    Closed Accounts Posts: 6,084 ✭✭✭oppenheimer1


    danbohan wrote: »
    Well we have a government that has access to all the facts, the best expert opinion from a multitude of sources.

    well well well , my god man , have you been away for a while ?

    The problem was that during the boom, they ignored all the advice, particularly that of the EU Commission.

    In post-boom Ireland expert opinion is more divided, this time the government have the commission on-side though.


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