Browse by Tags

Thoughts From The Frontline

Blog Subscription Form

  • Email Notifications
    Go

Syndication

Archives

  • Whatever It Takes

    Was it only a few years ago I visited the Emerald Isle of Ireland? So recently had this fair land come to such a sad state. The collapse of its largest banks foreshadowed the demise of many other European banks that had borrowed money from British, German, and other European banks to lend against homes and property. The Irish government had to guarantee deposits and bond holders in order to prevent a bank run. I think I am correct when I state that the Central Bank of Ireland was the first central bank to avail itself of large-scale use of the Emergency Liquidity Assistance (ELA) provision of the European Central Bank. This was before we became so familiar with the process in Greece.

    ...
  • An Irish Haircut

    Just as only four short years ago it was All Subprime, All the Time, and then it was the Credit Crisis, now it is Europe. (When) will Greece default and which banks will implode as a result? Is there another banking crisis in our future? I just came back from a whirlwind four-country visit to Europe, and I will try to offer a few insights. This week we start with Ireland, move to the problem of Europe at large and, if we're not out of space (and your patience!), we'll visit some last-minute data points. There is a lot to cover, so let's jump right in.

    ...
  • When Irish Eyes Are Voting

    In This Issue:

    When Irish Eyes Are Voting
    An Extra “15 Million” Homes
    Some Thoughts on the Middle East
    Tokyo, Oregon, and Dallas

    When Irish eyes are smiling,
    Sure, 'tis like the morn in Spring.
    In the lilt of Irish laughter
    You can hear the angels sing.
    When Irish hearts are happy,
    All the world seems bright and gay.
    And when Irish eyes are smiling,
    Sure, they steal your heart away.

    ...