The money behind the spike
The spike in Irish bond prices is a new bubble based on the huge amount of quantitative easing money looking for a home, writes David McWilliams.
The other day, there was an arresting interview online from Davos. It featured a guy called Ray Dalio. This man manages a startling $140 billion and speculates in the markets. He started with $5 million, so evidently he is good at what he does.
While much of the coverage here was on Enda Kenny and what he was saying about how much the rest of the world loves us, the interview with Dalio was, for me, the...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team