Global GDP and Irish Mortgage Delinquencies

Very interesting anylasis – we are indeed a very strange economic beast.
In my opinion we are infact too efficient in extracting the crumbs from American multinationals – which for a small country adds up to a very big meal.

This creates huge malinevestment in a period of constant flux – as long term reliable price signals are not present.
A drastic simplification of the banking sector is needed to absorb the huge surpluses created during boom periods & releasing this stored energy when a big contraction occurs.
In practise this means very little leverage in our savings.