Global GDP and Irish Mortgage Delinquencies

This new Central Bank technical paper by Colin Bermingham and Thomas Conefrey seeks to establish the relation between external demand shocks and mortgage delinquencies in Ireland.

One reply on “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.

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