The Pagan inside tells me we should never had run that motorway through Tara
We stopped some Jewish lads digging the place up looking for the ark of the covenant but 100 years later we pour concrete all over the gaff
We will have to make a sacrifice to the Gods in order to appease them
Bertie Ahern and Bono come to mind but if that does not work we have a long list of evil doers……………………..

As I recall Ireland tried mostly to imitate the British “miracle”. Soo too thiss Iceland. Irish monkey see, Irish monkey do. Iceland monkey see British do, Iceland monkey see do.

Don’t worry. We have our dirty little neo-con monkey see UK, monkey do too. It’s probably the oil, the gas, the hydro-electricity, the gold and metals that saved us.

Your 2 Brians don’t have oil to sell. I wonder Dork of the Cork. With what are you going to pay ? Blood sweath and a lot of tears ? I am sure of that. Hélas.

Still I have faith in the 2 Brians to get us out of this mess……..

For example, eventually COSTCO will out perform WalMart, and its goodbye to American supremacy / stock-values.

Some remember a few years back when the Irish enjoyed the influx of American computer ‘outsourcing.’ This phase was not unlike the post-NAFTA controls we put on Mexico’s commercial-cycle. Ultimately you’ll have to follow Argentina–hide your middle-class assets, take the bloody IMF bail-out, and later, offer the Brits a well-publicized one-finger salute!

http://futures.tradingcharts.com/chart/CR/W

Nope. Does somebody see bubbles here ? I don’t.

Here is more succinct answer to your question about China and Commodities. China is trying to bust the US carry trade specultators, that borrowed all that money to buy commodoties. It’s evident that it will have a short term effect like a year ago. The fundementals haven’t change about the paper although. It’s an intelligent move. As for the US dollar, there is nothing fundemental. The chineese like the west love to screw the commodity producers right and left. It’s not a coicidence that farming, mining and energy are dramatically underinvested. The game is fun on a short term basis. But the result is quite clear. Systematic underinvestment in commodities. Like I said. Look at the CRB chart. Do you see a bubble ? I don’t. In bonds and treasuries of any sort and any color ? Yes absolutely.

http://www.financialsense.com/fsu/editorials/dorsch/2010/0122.html

What will it be ? 0% treasury bonds ? Farm land ? An Oil tanker ? Gold ? or S & P 500 ? A house ?

That’s what so horribly frustrating and disgusting. My guts say, stay with commodoties, specially the ones you need for surviving. Energy, food and water and the hell with the rest

Why would I get out of gold ? I had investment in Russia during the “wonderful” period of Boris Elstine. May he burn in hell. The Russia of the 90′s is a good example of the utility of gold bars.

In Russia if you had gold, not mining shares but the real physical stuff, saved your ass superbly. Same thing you must remark in Iceland or Venezuala las week.

Presently Ireland, Greece and the rest of the PIIGS members are are in the golden prison of the Euro.Spain has a good chance of politically exploding with almost 40% unemployment rate. Terrible deflation is coming in these countries.

I don’t know if they will stay in the Euro zone. Gold as such, during a period of rotten and overprinted paperis worh a lot.,

It’s because you CANNOT trust any form of paper. Let’s look at the paper presently. Can you trust Greek treasury bonds ? Latvian bonds ? Ukrainian bonds ? Irish bonds ? Japaneese bonds ? US treasury bonds ? Bonds denominated in gilts ? They are ALL terrible investments and store of value. Everything is becoming junk when it comes to paper.

As for commodities, people have to eat and heat themselves. And investments in this sector are rare with the financial crisis. Farms are rarer and rarer and arable land is decreasing. Short term maybe there will be some down pressure, but there is certainly NO BUBBLE here. They are a bargain specially with 6,3 billion people to feed.

http://www.financialsense.com/fsu/editorials/2010/0122.html

They ALL want to devalue their paper. Look what happened this week to the euro. A high US dollar is not what the FED wants. Guess what will be next ? Competitive devaluation wars like in the 20′s. It’s what we are seing but in slow motion.

Are you getting out of gold and commodities?