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TheBlueCat

Ireland Shows Signs Of Recovery

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http://www.bloomberg.com/apps/news?pid=20601109&sid=a_gxU5nfACkg&pos=13

I seem to remember that they started hacking away at state spending towards the end of 2008, so that makes it around 18-20 months before things started to turn around. I do wonder how the whole world is going to manage an export driven recover at the same time though, it doesn't seem entirely plausible.

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About 30 percent of Irish homeowners with a mortgage will be in negative equity by the end of 2010, according to research by the Economic and Social Research Institute in Dublin.

It sounds very premature to be calling the bottom, they still have a big public sector deficit, overpriced houses, and zombie banks living on government life support. Plenty of deleveraging still to do in all sectors.

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Can the corpse be seen under all that debt?

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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