Image by Lochinvar1 via Flickr Yesterday I found this post on the Telegraph website (via Stephen Kinsella). Its quite a worrying read for those of us who are worried about Ireland’s future. Ireland is funded until April but after that we will have to return to the bond market. Our auctions are currently suspended. As Colm McCarthy said in the Irish Independent “The €1.5bn not borrowed in October plus the €1.5bn not borrowed in November represent borrowing postponed, not...
The Middle Class Do Exist
Image via Wikipedia In a recent blog post Stephen Kinsella has the following to say about the Middle Class in Ireland: When you look closely, you see the middle class just doesn’t exist. While I would agree in principle that on paper and using accepted definintions the middle class in Ireland is very small, but thats not what matters. It is self perception. When I read his post, I could see myself agreeing but then realising, hang on, thats...
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