Friday, October 23, 2009

economic modeling: What happened to the Irish and Spanish economies?

Ireland + Spain: Both are both experiencing jobless rates reminding of the 80s!
Does it mean that super growth of recent years lacked fundamentals?

More on economic modeling:
Was the Celtic Tiger model that many sought to copy in recent years, faulty in its fundamentals?

Plus: What happens when an economy over-depends on construction (US, subprimes, Spain, etc) or financial services (NYC, London)?

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