Irish Mortgage Brokers Blog

We have been talking about this for some time, (see posts here 1, 2, 3, 4). In this clip Bloomberg editor Tom Keene talks about the issue and raises some interesting points on the matter. Debt growth has retracted rapidly and deep, it is even greater than the contraction of the 70’s (see chart in the clip). There seems to be no private demand…. Cause for concern one would think!