Last August I spoke to someone in the political system who put the case – from the point of view of the Government parties – for calling a November ge(...)

A trader on the NYSE. The main worry is another recession. All we know is that a slowdown is certain but what is utterly unknown is how many months or years that calamity lies in the future. It has become a cliché to repeat Nobel Laureate Paul Samuelson’s joke that markets predict nine out of five recessions.

Commentators are scrambling to provide explanations for market turmoil. They should be put out of their misery: nobody know’s what is driving the late(...)

Karl Marx: his warning that history repeats itself first as tragedy and then as farce has modern application. Any populist government in Europe might succeed in raising growth with banking policies – but this make them so dangerous. Photograph: Imagno/Getty

Rereading John Weitz’s biography of Hjalmar Schacht, Hitler’s Banker, I noted some interesting parallels between the 1930s and now that I had not cons(...)

European Central Bank president Mario Draghi. The ECB has raised the prospect of further easing as soon as March

The risk of acting too late on ultra-low inflation is greater than that of acting too early, European Central Bank president Mario Draghi said on Thu(...)

 New Taoiseach Enda Kenny  is congratulated by colleagues as he leaves Leinster House to drive to Áras an Uachtaráin to meet with President Mary McAleese. Photograph: Bryan O’Brien/The Irish Times

The Coalition last month assessed how well it had done in implementing its programme for government. Modest as always, it awarded itself 93 per cent, (...)

Up to 50,000 families could lose their homes over the next two years and a “mortgage time bomb” will explode if the European Central Bank raises interest rates. Photograph: Daniel Roland/AFP/Getty Images

Up to 50,000 families could lose their homes over the next two years and a “mortgage time bomb” will explode if the European Central Bank raises inte(...)

This fecklessness matters. It means that ministers can get away with pretty much anything. Photograph: Alan Betson

The 31st Dáil should be sent on its way with the words of Oliver Cromwell to the rump parliament of 1653 ringing in its ears: “You have been sat too l(...)

President Michael D Higgins at the launch of On the Importance of Ethics report. Photograph: The Irish Times

President Michael D Higgins has warned that essential services must not become a political football in the general election campaign. Asked about th(...)

The banking inquiry found the ECB issued an explicit threat to Ireland if it proceeded to burn senior bondholders. The warning was issued through a phone call between Michael Noonan andJean-Claude Trichet followed a phone conversation between Enda Kenny and Mr Trichet. File photograph: Simon Dawson/Bloomberg

Taoiseach Enda Kenny has been urged to detail the content of his conversation with former European Central Bank president Jean-Claude Trichet about bu(...)

There is not a chance the Government will fulfil Philip Lane’s  “hope” that the next government “takes seriously” the need to balance public spending with the need for a “safe level of public debt”.   Picture Jason Clarke.

At the end of the riveting film The Big Short, now showing in Ireland and based on Michael Lewis’s book that charted the spectacular fraud and avarice(...)