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	<title>Narrating the Aberration. &#187; Golden Circle</title>
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	<description>Thermodynamics trumps Economics...and it&#039;s gonna hurt!</description>
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		<title>Mantras</title>
		<link>http://doohan.org/blog/2010/03/01/mantras/</link>
		<comments>http://doohan.org/blog/2010/03/01/mantras/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 12:41:44 +0000</pubDate>
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				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Golden Circle]]></category>
		<category><![CDATA[NAMA]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=449</guid>
		<description><![CDATA[September &#8216;08.
For several years, commentators, economists and the OECD had been saying that Ireland was eroding its competitiveness with an asset price bubble focussed on property, mainly residential. Those in authority and those temporarily profiting (strongly overlapping cadres) sneered at the warnings and the warners. Famously, the Taoiseach-du-jour suggested that they should &#8216;commit suicide&#8217;.
The bubble [...]]]></description>
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