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okaycuckoo

When Irish Eyes Are Crying

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Written by the author of Liar's Poker - classic American journalism.

http://www.vanityfair.com/business/features/2011/03/michael-lewis-ireland-201103?currentPage=all

Will make you weep with laughter and sorrow.

The fascinating thing about Ireland is that is manages to be unique and typical at the same time.

The only weakness I see in the article is that it fails to address the Irish who made a fortune from the bubble and cashed in before it burst.

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Michael Lewis really is very good.

I'm looking forward to getting around to his, "The Big Short," some time soon.

If anyone can't be bothered with the whole article, like me, it says Irish banks made loads and loads and loads of really, really bad, bad, very bad loans, so Ireland's all mess up going forward or something.

The last paragraph is about someone throwing eggs or something.

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sigh.

i suppose it rams home the reason why their bubble burst so long ago and ours has only lost a bit of air - the bigger they are, the harder they fall, and theirs was possibly the biggest real estate bubble ever.

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sigh.

i suppose it rams home the reason why their bubble burst so long ago and ours has only lost a bit of air - the bigger they are, the harder they fall, and theirs was possibly the biggest real estate bubble ever.

Their property prices still haven't suffered like California or Florida.

I think the UK is a bigger bubble though. It's just that the overbuild is absent.

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  • 312 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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