Board index » The IRISH PROPERTY BUBBLE » The Central Bank

Post new topic Reply to topic  [ 2253 posts ]  [Go to page]   Previous  1 ... 222, 223, 224, 225, 226
Author Message
 Post subject: Re: ECB Watch
PostPosted: Mon Dec 10, 2018 10:34 am 
Offline
Under CAB Investigation

Joined: May 12, 2012
Posts: 2183
However in the 1980s a lot of Ireland's national debt was held by Irish people.

This meant that a lot of debt interest was recycled back into the domestic economy. Domestic debt-holders were also happier to take lower yields and were less fickle (wouldn't sell when things turned bad).

Ireland's debt is now pretty much held by foreigners, with the exception of a post office savings. This means much of the interest flows abroad, and when the next crisis comes these guys won't be terribly loyal.


Top
 Profile  
 
 Post subject: Re: ECB Watch
PostPosted: Mon Dec 10, 2018 11:15 am 
Offline
Nationalised
User avatar

Joined: May 3, 2007
Posts: 12110
Skippy 3 wrote:
This meant that a lot of debt interest was recycled back into the domestic economy. Domestic debt-holders were also happier to take lower yields and were less fickle (wouldn't sell when things turned bad).


They took a 'patriotic' 10-12% interest on those bonds and the main reason furriners ignored Ireland in the 1980s was because we very nearly became another Argentina after the original Argentina fucked the same furriners over in the infamous Latin American debt crisis. :)

Even T Bills were paying 5% in the late 1980s after inflation had collapsed to 1% post the 1986 oil shock. Our patriotic types lapped them up and all.

_________________
SEO Ireland. SEO Dublin.


Top
 Profile  
 
 Post subject: Re: ECB Watch
PostPosted: Mon Dec 10, 2018 1:19 pm 
Offline
Under CAB Investigation

Joined: May 12, 2012
Posts: 2183
2Pack wrote:
Skippy 3 wrote:

They took a 'patriotic' 10-12% interest on those bonds and the main reason furriners ignored Ireland in the 1980s was because we very nearly became another Argentina after the original Argentina fucked the same furriners over in the infamous Latin American debt crisis. :)

Even T Bills were paying 5% in the late 1980s after inflation had collapsed to 1% post the 1986 oil shock. Our patriotic types lapped them up and all.


I missed that bonanza, managing only a 4% rate on my Communion money back in the day :D :D :D


Top
 Profile  
 



Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2253 posts ]  [Go to page]   Previous  1 ... 222, 223, 224, 225, 226

    Board index » The IRISH PROPERTY BUBBLE » The Central Bank

Who is online

Users browsing this forum: Google [Bot] and 6 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com