Tag: boom

Spare a thought for Spain this Christmas

Friday, 21 December, 2012 0 Comments

The much-criticized, scandal-prone BBC Newsnight does a lot to salvage its tattered reputation in this excellent documentary by Paul Mason, the programme’s economics editor. From dictatorship to democracy, from construction boom to cataclysmic bust, the rise and fall of Spain is an epic story of hubris, greed, madness and suffering.

What’s the end game? Read Euro Negative Yield Hits Jobless Spaniard to Munich Fund Manager by Ben Sills and Oliver Suess of Bloomberg.


Not a stone will stand upon a stone

Sunday, 15 January, 2012

Boom skyline: Azerbaijan, Brazil, China or Dubai? No. In fact, the photo was taken in Dublin in July 2005. That was the year in which 80,957 residential houses were built in Ireland. By way of comparison, in the first 10 months of 2011a total of 8,692 houses were completed. Another indicator of the madness was […]

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