What is he selling 
Not bonds anyway.
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“As Singer said, it could all end with a bang. But when, and why, is the really hard question to answer.”
Thanks for that, Paul.
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There actually was an interesting piece in the times about Sterlings fluctuations yesterday…I’ll try and dig it out there…not a fan of their online site though.
How low can it go…and how low the BOE want it to go essentially was the gist of it.
Decent piece this…imo the Euro will suffer more long-term though after the Brits exit.
“Contrary to what is often stated, social spending has been expanding almost continuously across the world over many decades. When the effects of inflation are stripped out, public social expenditure per person in the OECD countries has almost doubled over 30 years, as the first chart illustrates.
Every OECD country has spent significantly more on social spending in real terms since the 1980s. All but one OECD country has increased social spending as a share of GDP. The Netherlands is the exception, where it has been high (at 25pc of GDP) and stable.”
"In 2012, the last year a full set of figures is available from Eurostat, Irish social spending per person annually stood €200 higher than the average across the EU-15 - and that is despite having considerably lower pension spending (as a result of fewer older people in the population relative to other countries and smaller pension payments).
When core welfare benefits for working age people are considered, as the final chart illustrates, Ireland was spending considerably more than the average as of 2012. As is clear from the graphic, most of the differential came from much higher spending on jobless benefits.
That, in turn, reflects an unemployment rate at the time that was well above the EU-15 average.
Over the longer term, Irish transfers to families and children have been a lot higher than the EU average. Before the crash in 2007, for instance, supports of this kind came to over €1,000 per capita, which was 70pc higher than the EU-15 average. That is closely tied to Ireland’s high long-term rate of jobless households which persisted during the boom years despite extraordinarily high job creation."
“Right wing state” lolz
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I demand a free house for life.
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ff[quote=“Tim_Riggins, post:1467, topic:19965, full:true”]
I demand a free house for life.
[/quote]
ffs
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Dan O’Brien ffs. Another one of these dickheads who tried to convince the people that their circumstances had improved immensely prior to the election, before they informed him otherwise. These cunts still trying to pedal this horseshit after their fantasies crashed the global economy. If they had an ounce of shame they wouldn’t say a word about economic affairs for the rest of their lives.
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So you deny the Eurostat figures then mate?
And would you not describe a fall in unemployment from 14.5% to 8.5% along with a growth in consumer spending as better? Who are in government at the moment?
Great read from David McW.
As ever he makes the most sense.
Stopped clocks etc.
All of McWilliams articles are the same, broad sweeping statements with nothing scientific to back it up. He puts the con in economist.
He’s entertaining though, I’ll give him that.
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He has been right about almost every single thing to happen in Eire over the oast 15 ffs.
Scientific? What science do you want?
He deals in sentiment alot yes, but thats critical. Even if the irish don’t get it.
peddle
I would like to see Dan O’Brien pedal horseshit but I don’t think you meant that
He certainly nailed the bank guarantee.
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He is the Joe brolly of Irish economics.
remember that David mcWilliams advised Brian lenihan to guarantee all the Banks which meant no burning the bondholders.
The single act which tied the countries hands behind its backs since 2008?
I know he tried to run away from the claim in part subsequently but still!!!
He is very entertaining alright, and makes the issues very accessible to the general public. And he has been right about plenty.
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I don’t think even McWilliams takes himself too seriously.