With interest rates heading up, inflation zooming ahead and US banks laying off mortgage staff we asked Colorado based economist, Constantin Gurdgiev what he thought was happening in the housing system, both in Ireland and globally.
We talk about the danger for Ireland's beggar thy neighbour tax regime and the shrinking of globalisation. Constantin outlines the dangers of recession and the balancing game Central Banks are playing between quelling inflation and killing the economy. We also talk Ukraine and the energy crisis that is here to stay as we divest from Russian fossil fuels.
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