Month: August 2010
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Ratings Downgrade? Blame Raspberry Vinaigrette. The Recession Diaries – August 27th
One can only chuckle. Last year the pronouncements of rating agencies were treated as though they were written on Mount Sinai. Downgrades, or the threat of such, were interpreted by…
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The Suffering of the Rich – Can You Feel It? The Recession Diaries – August 25th
There have been some outrageous and hilarious things said in this economic debate. I don’t know how economic historians will come to rank them. But surely at the top must…
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The Rage and the Ridiculous. The Recession Diaries – August 23rd
The Central Bank Governor, Patrick Honohan, is outraged. In particular, he is outraged that Irish bond spreads are so high, ridiculously high. Don’t the ‘international markets’ realise the dynamism of…
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It’s a Tax pure and simple – and It’s a Bad Tax. The Recession Diaries – August 10th
Do not be confused. The Government’s recently announced increase in electricity prices through the Public Service Obligation levy (PSO) is a tax, pure and simple. And it’s a very bad…
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Straight Talking Our Way to Bankruptcy. The Recession Diaries – August 9th
Oliver Gilvarry of Dolmen Securities is writing in the Sunday Tribune in a column entitled ‘Straight Talking’. He has a solution to our problems. On his way to this straight-talking…
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The Never-Ending Jobs Recession. The Recession Diaries – August 5th
Pretty grim. Back in March and April we got a lot of commentary – about how the unemployment was stabilising, how we’re starting to turn the corner, how the dismal…
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Commentary on Irish Political Economy by Michael Taft, researcher for SIPTU
Notes on the Front 