112 - How Ireland really works!

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 23 February 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

The upcoming sale of Ulster Bank will reveal how Ireland actually works. We give you the "collars up" view from the West Lower Stand at the Aviva stadium - where deals are done. This corporate finance 101 podcast breaks down the likely carve-up of Ulster Bank amongst the Insiders, and explains why as long as the banking system is joined at the hip to the property market, Ireland will always be a boom/bust economy driving up mortgage rates and down competition. Also why data is important. We break down the demand for housing in Ireland for the next thirty years. we need to build 55,000 housing units a year not 25,000 per year as the government maintains.

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Transcript

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0:00.0	How did the dog sneak out?
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0:28.9	Conditions apply.
0:34.9	What in the world is happening on Wall Street?
0:37.2	Economic indicators. Who knows where this is going on Wall Street? Economic indicators.
0:38.9	Who knows where this is going to end up?
0:40.9	To understand the economy, you have to understand human nature.
0:46.9	This podcast is powered by ACAST.
0:57.6	How are you doing there?
0:59.1	I'm laughing at John.
1:01.2	He's trying to tell me where to go with the mic,
1:02.6	where not to go.
1:04.0	Don't move around.
1:05.0	How can I not move around?
1:07.1	No, no, don't go crazy, man.
	...

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