Economy
Items relating to the economy.
An Open Letter to Bobby Aylward TD
Submitted by daltonr on Fri, 01/08/2010 - 23:57Mr Aylward,
I disagree strongly with your comments in the Dail on September 22nd in support of NAMA. The speech was later reproduced on your blog. Your comments were factually inaccurate, delusional and hypocritical.
The key issue is to repair the banking system and to maintain international confidence in investing in this country while ensuring the taxpayer is not unduly exposed.
We are just like Iceland - apart from where it matters - The Irish Times - Mon, Jan 11, 2010
Submitted by admin on Mon, 01/11/2010 - 00:11BUSINESS OPINION: Unlike our island neighbours we seem to have lost our sense of outrage, writes JOHN McMANUS
IT’S A simple question: if the people of Iceland can apparently refuse to be made pick up the tab for the incompetence and greed of their banks and people who did business with them, why do we have to?
RTÉ Business: Jobless figures rose again in December
Submitted by admin on Sun, 01/10/2010 - 22:07New figures from the Central Statistics Office show that the number of people signing on rose again last month.
The seasonally adjusted Live Register figure rose by 3,300 in December to stand at 426,700 from November's total of 423,400. The figure had fallen in October for the first time since March 2007, but has now risen again in the past two months. The unemployment rate was unchanged at 12.5%.
During 2009, the number of men signing on increased by 45.4%, while the number of women rose by 47.5%.
2010: a turning point for Ireland's property market
Submitted by daltonr on Fri, 01/08/2010 - 01:03
7th January 2010
Alan McQuaid, Chief Economist, Bloxham Stockbrokers, commenting on the latest Daft research on the Irish property market.
Fianna Fáil rules out bank crisis inquiry for now - The Irish Times - Thu, Jan 07, 2010
Submitted by daltonr on Thu, 01/07/2010 - 04:11HARRY McGEE Political Correspondent
SEVERAL SENIOR Government figures have now ruled out holding a public inquiry into the banking crisis any time in the immediate future.
Minister for Foreign Affairs Micheál Martin said yesterday such an investigation was not an immediate priority for the Government, strongly indicating such a vehicle would not be established during 2010.
House prices set for further fall - The Irish Times - Tue, Jan 05, 2010
Submitted by daltonr on Tue, 01/05/2010 - 12:35Irish house prices may fall for a fourth year in 2010 as the recession persists, a survey of economists said.
Home prices will shrink 9 per cent, according to the median of six estimates in a Bloomberg News survey. Prices have already fallen 27 per cent from their peak in early 2007, based on a monthly index by Irish Life and Permanent.
RTÉ Business: Total lending fell further in November
Submitted by daltonr on Wed, 12/30/2009 - 23:19Wednesday, 30 December 2009 11:15
New figures show that the amount of money lent in the economy fell again in November, with mortgage lending falling for the eighth month in a row.
The Central Bank said the level of outstanding mortgage lending dropped by €134m from October. This means that once again the amount being re-paid on existing mortgages was more than the amount given out in new mortgages.