Ireland

Highlights The US dollar is mostly lower, surrendering some of its pre-weekend gains, against most of the major currencies. Sterling is the notable exception. It is heavy in the wake of a drop Righmove’s house price index, for the third…

By Annaly Capital Management Ireland’s rating downgrade by Standard & Poor's on August 24 and the related news of its struggling millstone, Anglo Irish Bank , bring our attention back to the ongoing challenges facing sovereign entities…

I am finally back after taking most of August off and I should be up to near a full posting schedule in short order. While I was away, the site got a re-design and a speed upgrade. If you have visited since yesterday, you should notice that…

I will be on BNN at 12:15 today. Topics are unknown but Ireland's downgrade and double dip in the US are two likely subjects.  My general take is that this is playing out as scripted here and here. Back in 2009, when I was talking…

From Brown Brothers Harriman's Currency Strategy Team Highlights US dollar is mostly firmer on the day vs. the majors as risk off trading seems to be on the upswing, losing ground only to CAD and EUR.  The euro made another attempt…

From the IMF to the G20, from bloggers to Nobel prize winning economists, there have been calls for the major developed countries to reduce deficits and stabilize debt to GDP ratios.  The idea is that if this is done properly it need…

Ireland, the first euro zone country to fall into a recession in 2008, reported today that Q1 GDP expanded by 2.7% from Q4 09.  While the headline is impressive, even if Q4 09 was revised to show a 2.7% contraction rather than -2.3%…

I am going through the BIS Quarterly Review that just came out and it is packed with useful information about the global economy.  With regard to the sovereign debt crisis, I found the following chart a good one for getting a feel for…

This is a guest post by Karl Deeter of the Irish Mortgage Brokers Blog. We are reminded by Shane Ross' article in the Sunday Irish Independent "Cowen spins for his political life" that these banking issues are political for…

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