Recent research has begun to cast some doubt upon the inflation Hedge capacity of gold. When you think of it, the inflation experience over the last 40 years, since gold began to float freely, has been very mixed. In the 1970s we were concerned in relation to inflation, perhaps even fears of hyperinflation; not the talk is of deflation or disinflation. So was gold a hedge against inflation? Is it now? Continue reading
Mention “pulled IPO” to irish finance professionals, professors or journalists of a certain age and Guinness Peat Aviation comes to mind. GPA tried, but failed, to float, in 1991. Amongst those who lost money were, famously, Garret Fitzgerald (who had a chunk of his debts forgiven). It subsequently went belly up, but in fairness out of its experience and assets were born many other, ultimately successful aviation leasing companies. And now we have Digicel – what will its afterlife be?
British Prime Minister Harold McMillian famously replied to the question of what was most likely to trip up governments with “Events, dear boy, Events”, demonstrating the random way in which small things can spiral. Who would have thought that a government could fall on foot of children’s shoes, or because of the appointment of a judge..And yet. Angus Deaton this last week won the Nobel Prize in Economics for a lifetime theorising and evaluating development and the role of institutions and for looking at how consumption and income are related. The way in which the Government has reacted and acted shows that these issues are related.
Well, we dont know… BUT we are going to try to shed some light on it.
A debate, a colloquium, a discussion. A group of local and international analysts, funders and policymakers will discuss this on 13 November 2015, RCPI Dublin.
Details here: Open Policy Debate on Measuring Impact Programme Outline.
Booking (free) here:
We are not good, in Ireland, at joined up thinking. This is particularly evident when one looks at government. It’s a pity, because some times a bit of joined up, and perhaps outside the box, thinking might provide solutions to a number of interlinked problems. Take Irish water …. yes, yes, we know the joke Continue reading