Blogs and sites that cover the topic of finance and economics

I was at a meeting last week and the topic of ‘what I read’ came up, I spend on average, about six hours a day reading, granted that is not always books, it can be blogs, websites etc.

The sites that I like are listed, in no particular order below, some are article driven, others are debate/forum driven.

The Economist Financial Times Calculated Risk Across the Curve Credit Writedowns Irish Economy The Property Pin NewDeal2.0 BreakingNews London School of Economics John Mauldin’s Investor Insight (ezine/weekly letter) VoxEU Raging Bear

If you do a google search for any of these sites you’ll find them with ease and they are all sources of very interesting information

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The upside to Negative Equity?

Sometimes I write articles that are inflammatory, today’s is of that ilk, I want to point out some of the upsides to Negative Equity. They are going to be put in a list with the upsides to getting hit by the number 47 bus. Anyways… The theme of this article is that for every downside there is an upside so today I will seek to find the benefits of Negative Equity, my gut feeling is that I definitely have my work cut out for me on this post!

100% mortgage, if you took out a 100% mortgage during 2007 and put down no deposit and in turn you bought for €300,000 then what you didn’t have to do was save up 30k of a deposit – what actually have to earn to save a deposit? If you are on the higher band of tax then you paid tax at 41% and of course there is about 5% of PRSI so we’ll say that you paid almost 46% in total. A €30,000 deposit would mean you had to earn about €55,000. …

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