Stephen Kinsella on Economics
Unless we have good data and good oversight of the shadow banks operating in Ireland, where they come from and what they’re here for, we cannot understand the likely consequences for us when they hit good or bad times
When the Vampire Squid trembles, we probably should tremble a bit too. Last week, Goldman Sachs reported on an end to the ‘Goldilocks’ era of solid growth, low inflation and low but predictable yields on most asset types. Almost every major stock market in the world is now either in a correction or a straight-up bear market. It’s time for financial market participants to wear their brown pants to work a bit more.
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