Corporate Balance Sheet Adjustment

Bruegel looks at corporate deleveraging in this paper.

One reply on “Corporate Balance Sheet Adjustment”

This post looked a bit lonely, so:

Ever wanted to make a post, but were afraid to try? Want to be part of the debate, but can’t find the right words? The irisheconomy is all about rigorous constructive debate – why shouldn’t you be part of it?

Try this easy, simple to use”assemble your own post” guide, and soon you will be the envy of all your friends.

Gasp as top economists take your point on board! Blink as DOCM agrees with you, but in a completely baffling manner! Squirm as Shay Begorragh denounces you for class treachery! Wince as Michael ‘Eyeore’ Hennigan dashes your hopes with a demoralising hoof to the arse.

Are you ready to begin? Do you have percentile dice? If you understood that last question and/or actually have percentile dice, then you are in the wrong place! Why not log in to Everquest and see how your drow archer is getting on?

Now, do you have a perfectly normal die? Great – then all you have to do is roll randomly on each of the below, and soon you will be conducting economic fisticuffs with the experts.


(1) The Dork
(2) grumpy
(3) Karl Whelan
(4) seafóid
(5) Paul Hunt
(6) Colm McCarthy (gulp)

I welcome the contribution you have made above and…

(1) see you did not earn your ‘slasher’ nickname for nothing
(2) am amazed at your complete omission of the European dimension
(3) am confirmed in my opinion that you have been captured by the financial elete
(4) need only add that yet again you are deflecting from the real issues that can be dealt with here in Ireland
(5) if I could only understand it, would comment further
(6) heartily concur.

Where, in your post, you say:

(1) Quote sentence one
(2) Quote sentence two
(3) Quote sentence three
(4) Quote Shakespeare
(5) Quote for insurance
(6) lua i nGaeilge and blame google translate

I can only think…

(1) you’ve been at the Beamish again
(2) of the recent IMF survey of Central Banking regulation
(3) longingly of the fjords
(4) you are some kind of internet backstabber
(5) that your excellent report should be implemented in full
(6) slowly

But it is important to note that the real cause of the current crisis is…

(1) Nixon taking the US completely off the gold standard
(2) A bunch of 20 year old lapdancing afficianados making out like bandits
(3) Sovereign profligacy
(4) A badly designed monetary ystem
(5) An unholy alliance of Irish politicians, property developers and a subservient meeja
(6) The St Bartholemew’s Day Massacre


(1) Krugman
(2) Koo
(3) Mankiw
(4) Bill Mitchell
(5) Schauble
(6) Ken Rogoff

puts it…

(1) Stimulus, stimulus, stimulus
(2) It’s a balance sheet recession
(3) Why aren’t there any students here?
(4) A truly sovereign state can never run out of currency
(5) Sign it and we won’t f**k you like the Greeks
(6) Your move: but its mate in three.

And with that roll once for down and once for across, pick the word, repeat three times – slap the three selected words into a youtube for that incisive and oh-so-important link.

economy crisis debt euro deficit default
Merkel Sarkozy Kenny Papandreou Draghi Monti
Hayek Keynes Ricardo Smith Marx Minsky
Rhianna Madonna Lady Gaga Jessie J Beyonce Clint Eastwood
1971 1999 1815 1848 1916 2525

Then add ‘oh for an internet spellchecker’ for that human touch

And with that, your post is complete.

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