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Showing posts from June, 2012

Why Plan B is just wrong

I notice "Claiming Our Future" is now moving on to "plan B."  Plan B, in case you haven't already heard it, is basically a rehash of plan A. I.e. hands off our fat cat public sector and semi-state/grant-aided salaries.
This time though, the attack is on "austerity."  This is terribly trendy nowadays.  What "austerity" really is, is not spending money you don't have.  Of course, what COF wants the government to do, is to dip even deeper into the private sector pension fund and national pension reserve, and spend spend spend.  On themselves of course, to keep their salaries bloated.  Its laughable, because they really should be called "stealing YOUR future" because its younger people whose future they are mortgaging to the hilt to pay for their fat cat lifestyles.

Nothing to see here, move along now.

Ireland & the Global meltdown: a reading list

Global Meltdown for Dummies: A reading list

It struck me very strongly while listening to the "debates" on the Fiscal Treaty in Ireland that many people not only just don't understand the mechanics of what has happened over the last 10 years, they are also a year or two out of date. This is being readily exploited by political groups and other lobbies who are attempting to manipulate public concern for their own ends. The rise of Sinn Fein IRA is a particularly dangerous manifestation of this, and for this reason, I think people need to make a better effort to inform themselves.

Sadly, much of the Irish commentary has been as exploitative as the politicans: once excellent commentators such as Shane Ross, David McWilliams and Eddie Hobbs are not as transparent as they once were. Hobbs remains the most pragmatic of the 3, he is upfront about his own fee based practice, although I would treat his investment advice with a pinch of salt. (Not that he is wrong, but don't…