Monday, August 27, 2012

Recovery Is Just Around the Corner

When the funding impasse is resolved there will be a 40 to 60 per cent recovery in prices for quality commercial property in Dublin. 'PROSPERITY ENDS in a crisis. The error of optimism dies in the crisis, but in dying it gives birth to an error of pessimism. This new error is born, not an infant, but a giant." So wrote AC Pigou in Industrial Fluctuations (1927).

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