The Irish Property and Credit Crisis

While everyone was thinking that wall street and other financial experts were really intelligent here’s really how simple what they do is.

Markets always go up and down in waves, there is such no think as a sure thing in business. Guess where Ireland is in this cycle? The way i see it we’ve only seen the tip of the forsaken part of the cycle. I’ve heard a lot of people talk about how the housing prices are now “reasonable” and therefore go back up – the fact is economics don’t care about reasonable.

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

My personal predictions: Obama (despite being a great president) will devalue the $ strongly, £ will get devalued and they will wish they went in on the Euro when they were up at 1.4, Property in Ireland will continue to decrease until there isn’t any ego left in the industry.

On the positive there has never ever been a better time in History to launch a new business and there is going to be the biggest shift in wealth that the world has ever seen in the coming 4 years.

As Leo Burnett said – reach for the stars and you may not always reach them, but you won’t end up with a hand full of dirt.

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