Bankers Gone Wild! - #Ireland 's Ghost Homes!

Ghost Estates of Ireland: Symbols of an Economic Collapse

 

 

 

 

 

Article by Steph,

Built with visions of suburban prosperity in more optimistic times, the empty shells of former dream homes dot the countryside among piles of construction rubble and fallen-down fences. Economic highs and lows have led to abandonments of entire villages all over the world, from China to the Mediterranean, but Ireland is among the nations that was particularly hard-hit.

 

 

Photographer Valérie Anex captures Ireland’s ‘ghost estates’ in a series of striking images that juxtapose a fading hope for sanitized suburbia with the current reality, which is simply that nobody can afford to live in these houses. The National Institute for Regional and Spacial Analysis defines ‘ghost estates’ as developments of ten houses or more in which fifty percent or less of the homes are occupied or completed.

 

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Insights

There is little difference between between somber banking types and the wild party girls on videos. Both are the same too when the party's over and their respective worlds come crashing down. 

You think we are being funny, but actually we are quite serious. The facts speak for themselves...

Investors' Insights

June 3, 2014

Girls or Bankers?

 

Worst Financial Bubble Ever - Worried Yet?

The Potential Bubble the Federal Reserve Cares Most About     

By ANDREW FLOWERS

In the aftermath of the 2008 financial crisis, economists debated whether the Federal Reserve should be involved — at all — in pricking bubbles. The housing bubble, and subsequent financial crisis, had led to a disastrous result: Hundreds of banks had failed and millions of Americans had lost their jobs. At the time, many still believed the emergence of future bubbles could only be prevented through financial regulation, and not through interest rate hikes.

 

Today, however, as interest rates remain at historically low levels and are expected to stay low at least into next year, there is growing concern among investors, economists and central bankers that a new bubble has emerged, and that increased regulation isn’t enough to stop it. Led by a powerful Fed governor, there’s a growing call for the Federal Reserve to raise interest rates to prevent this bubble from growing.

So what bubble are we talking about? It’s not the one you might expect.

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Comments

This is very bad for future generations as there is no connection any more between money and a physical capability to deliver  tangible value of any sort over time. Sowing the seeds of hyper-inflation and thus complete debasement. This also puts more and more pressure on the US hegemony to continue geo-political  engagements in order to protect natural  resource interests; thus what is left of the  dollar's physical value and its image and status as a reserve currency.

Coming generations are hence unwittingly being conscripted into future conflicts around the world as a consequence of these policy actions. The total system's inertia now however is  so great that there are almost no other choices.  When this ride began, there was just no way to disembark halfway or otherwise . Perhaps.

On reflection one might ask - when did it begin? Why?



Because there... ain't no stopping us now!    


Investors' Insights
April 21, 2014 

Fed Tightening Can Trigger Market Crash - No Kidding

 



Don't Be Surprised

 If This Is The Start Of A 

Stock Market Crash ...

 

Business Insider

 


Stocks are tanking again. 

The sudden dives in recent weeks have taken the tech-heavy Nasdaq down 7% from its highs and the S&P and Dow about 3% from their highs.

Drops like that are no big deal. 

But some signs suggest that this pullback — or another one sometime soon — could get much more severe.

Why?

Three basic reasons:

• Stocks are still very expensive
• Corporate profit margins are at record highs
• The Fed is now tightening
•  

Let's take those one at a time.

First, price.

Even after the recent drops, stocks appear to be very 
expensive.

The chart below is from Yale professor Robert Shiller. It shows the cyclically adjusted price-earnings ratio of the S&P 500 for the last 130 years. As you can see, today's P/E ratio of 25X is miles above the long-term average of 15X. In fact, it's higher than at any point in the 20th century with the exception of the peaks of 1929 and 2000 (you know what happened after those).

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Lots of Talk Out There