Tuesday, June 30, 2009
United Kingdom
Scanning through some newspapers this morning I saw on the front page of the Daily Mail a high profile model lying in the gutter outside a night club with blood all over her dress and face. Apparently she had been assaulted inside.
Police say that these ‘laddettes’ now create more violence in their drunken orgies on Friday and Saturday nights than their male peers.
This appears to be a manifestation of a complete breakdown in British society where nobody appears to have any respect for anything or anybody including themselves. Leadership is all about example and perhaps, if we look at our leaders of both church and state, we can readily see that there are very few of these high profile stars that merit respect for their leadership qualities.
Higher unemployment as a consequence of this over dramatized economic crisis will inevitably lead to more violence on our streets. It is almost self perpetuating.
We will return to this topic later.
Gerrygalvin1@gmail.com
Tuesday, May 5, 2009
Economic Pain in the EU
In a recent report, EU officials say that Europe’s economy will shrink by 4% in 2009 and stabilize in 2010. The Irish economy is predicted to shrink at twice this rate in 2009 and possibly at a rate of 2.5% in 2010!
The two economies worst affected, in the EU, are likely to be Ireland and Spain both of which experienced unsustainable construction driven booms.
Average unemployment this year is likely to be about 10% in the EU while unemployment for both Ireland and Spain is likely to reach a peak of up to 16% by 2010.
Before it levels off, the Irish budget deficit is likely to peak at 15% of GDP and the country’s debt could potentially reach 80% of GDP by 2010: an increase of a factor of three in two years!
Moral: It would appear that the most ‘target rich’ environments for investors in the EU, just now, are likely to be Ireland and Spain with the latter, particularly Tenerife, having a unique climatic advantage!!
Gerrygalvin1@gmail.com
The two economies worst affected, in the EU, are likely to be Ireland and Spain both of which experienced unsustainable construction driven booms.
Average unemployment this year is likely to be about 10% in the EU while unemployment for both Ireland and Spain is likely to reach a peak of up to 16% by 2010.
Before it levels off, the Irish budget deficit is likely to peak at 15% of GDP and the country’s debt could potentially reach 80% of GDP by 2010: an increase of a factor of three in two years!
Moral: It would appear that the most ‘target rich’ environments for investors in the EU, just now, are likely to be Ireland and Spain with the latter, particularly Tenerife, having a unique climatic advantage!!
Gerrygalvin1@gmail.com
Saturday, May 2, 2009
Pandemic
Once again the 'experts' have thrown the world into a panic with their terrifying, uninformed, prognostications. On May 2, 2009 there is no data to support these scare mongerers. From many governments viewpoints this topic provides a welcome respite from economic doom and gloom.
However, there is a lesson to be learned from this. The lesson is that we must revert to traditional sanitary and hygiene measures and careful crop, animal and fowl management. Over intensive production of either crop or animal inevitably leads to promlems as indeed do all man generated activities in conflict with the natural order.
From an investment point of view there is a warning not to put your toe into undeveloped waters i,e. not to invest in locations with a poor infrastructure particularly with a poor or non existent sanitary system.
Ciao
gerrygalvin1@gmail.com
However, there is a lesson to be learned from this. The lesson is that we must revert to traditional sanitary and hygiene measures and careful crop, animal and fowl management. Over intensive production of either crop or animal inevitably leads to promlems as indeed do all man generated activities in conflict with the natural order.
From an investment point of view there is a warning not to put your toe into undeveloped waters i,e. not to invest in locations with a poor infrastructure particularly with a poor or non existent sanitary system.
Ciao
gerrygalvin1@gmail.com
Thursday, April 23, 2009
Dubai
One of the phenomena in recent times, in the world property arena, has been the rush of the beautiful super rich into Dubai. This lemming like rush is being driven by film stars, footballers, bonus laden city bankers and the like.
A dictatorship governed by Sharia law, at the bottom of its oil resources is creating an artificial world from which it hopes to live on in the future…in the style to which it has become accustomed.
The Burg Dubai is already the world’s tallest building and still growing.
The Dubai Mall is the biggest shopping mall in the world.
The Burg al Arab hotel is marketed as being the best and most luxurious on the planet.
Dubailand is the world’s largest theme park.
We are to have golf courses and a Formula 1 race track plus plus!
We are talking about what is currently the biggest construction site in the world with many projects being ‘manufactured’ on man made islands off shore.
For Europeans one is talking about living in a soulless, overpowering, concrete steel and glass alien environment.
Do such people have rights in such an environment?
If, as we must believe, sea levels are rising what happens to the Palms and its brethren?
How are foundations designed and calculated for say a ninety storey building in such geological conditions?
Gerrygalvin1@gmail.com
A dictatorship governed by Sharia law, at the bottom of its oil resources is creating an artificial world from which it hopes to live on in the future…in the style to which it has become accustomed.
The Burg Dubai is already the world’s tallest building and still growing.
The Dubai Mall is the biggest shopping mall in the world.
The Burg al Arab hotel is marketed as being the best and most luxurious on the planet.
Dubailand is the world’s largest theme park.
We are to have golf courses and a Formula 1 race track plus plus!
We are talking about what is currently the biggest construction site in the world with many projects being ‘manufactured’ on man made islands off shore.
For Europeans one is talking about living in a soulless, overpowering, concrete steel and glass alien environment.
Do such people have rights in such an environment?
If, as we must believe, sea levels are rising what happens to the Palms and its brethren?
How are foundations designed and calculated for say a ninety storey building in such geological conditions?
Gerrygalvin1@gmail.com
Tuesday, April 21, 2009
Resumption of blog after a long lapse
Much has happened since our last blog. We have closed down the office of PCI-International and the writer, Gerry Galvin, is now operating from home in Playa de Las Américas, Tenerife, as a sole trader (Irish Estate Agent and Property Consultant) with new contact details including a new e-mail address:
gerrygalvin1@gmail.com
Talks of economic crises have become somewhat depressing and, fortunately, there is already evidence that we have hit the floor and from that platform things can only move in one direction: upwards; albeit slowly. Tenerife particularly retains it's magic and with more adventurous investors, who drifted further afield, potentially if not actually in for a 'scalding' I believe that it will become even more popular as an investment destination as time goes by.
Life goes on. La vida sigue.
Watch this space!!
gerrygalvin1@gmail.com
Talks of economic crises have become somewhat depressing and, fortunately, there is already evidence that we have hit the floor and from that platform things can only move in one direction: upwards; albeit slowly. Tenerife particularly retains it's magic and with more adventurous investors, who drifted further afield, potentially if not actually in for a 'scalding' I believe that it will become even more popular as an investment destination as time goes by.
Life goes on. La vida sigue.
Watch this space!!
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