financeguy
ONE love, blood, life
In this thread: http://www.u2interference.com/forums/f199/iceland-on-the-brink-190058-2.html , we discussed the Icelandic financial and economic crisis, and I predicted that Ireland would be the next domino to fall (in Western Europe, although arguably the UK has already 'fallen' given its bailout for major banks announced by Brown and Darling recently)
In recent days and weeks, I have heard and read a number of things which give me cause for significant concern.
In the next few weeks and months, I predict the following:
(1) A change of government in Ireland, but without a general election. Possibly, a national government.
(2) Several resignations of significant public figures
(3) Government financial backing for major banks, possibly involving government taking equity stakes (as has already happened in the UK and US)
This is all speculation at this juncture, but unfortunately I am usually right about this kind of thing.
If I am correct, then at a macro level, this will have happened largely because of the Greenspan-era liquidity splurge.
As Peter Thiel of Clarium Capital put it back in '06:
In recent days and weeks, I have heard and read a number of things which give me cause for significant concern.
In the next few weeks and months, I predict the following:
(1) A change of government in Ireland, but without a general election. Possibly, a national government.
(2) Several resignations of significant public figures
(3) Government financial backing for major banks, possibly involving government taking equity stakes (as has already happened in the UK and US)
This is all speculation at this juncture, but unfortunately I am usually right about this kind of thing.
If I am correct, then at a macro level, this will have happened largely because of the Greenspan-era liquidity splurge.
As Peter Thiel of Clarium Capital put it back in '06:
We are living in a world distorted by the biggest financial bubble ever seen.....there has to be a deleveraging of the world's financial system.