Eddie Hobbs looks at Ireland’s powerful, unelected forces who control decision-making

Blog: upholding the status quo, and protecting their own interests at the expense of the general public, social progress, and the effective functioning of democracy.

October 30, 2020

Hidden Jobs Shock Brewing

A hidden jobs shock is brewing. The sudden death of the centralised office is shifting Irish service jobs to the EU periphery, to countries like Romania and Greece as multi-nationals…
May 10, 2020

Government making a bollocks of Economic Recovery

Comment On Saturday May 2nd the Government adjusted its support programme for Irish business. Monday May 4th, on trend, the Irish Times released it without journalistic analysis.  It was left…
March 13, 2020


Our last Blog from Monday 9th March is here for reading if you haven’t done so already.  It has been a whipsaw week for stock markets.  Regular readers will…
March 9, 2020

Covid-19 – Top 10 Economic Q&A’s

Following the dramatic Lombardy Lockdown on Saturday night it was inevitable that markets would open in chaos on Monday given how they’d ended the year priced for perfection.  By lunchtime…
March 3, 2020

Ireland Playing Jenga with National Finances

The economic analysis of the potential impact of Covid 19 remains up in the air, combining the maths of infectious disease with speculation about the efficacy of health system responses.…
February 12, 2020

Caveat emptor: Financial dark pools, junk bonds and the curious art of financial advice

Eddie Hobbs writes for The Currency 4th February 2020  
January 31, 2020


Paula (not her real name) received a delivery from a UK supplier with a letter apologising for the three week delay in the arrival of her new high waisted yoga…
December 2, 2019


This is written as a supplement to my analysis published here and in the Irish Examiner November 29 th and, given the social media discussion it has created, to deal…
October 31, 2019

Auto-Enrolment on Zombie Pensions Model

Auto-Enrolment on Zombie Pensions Model Ireland is attempting to add a new pension product class without addressing the deep structural problems associated with the Old Age Pension Scheme and the…
June 19, 2019

2006 Unique Warning Before the GFC

Author: Eddie Hobbs 2006   "A warning about the need to Sell Property to reduce debt to under 50% of Balance Sheet value, to get out of low-grade banks that…
February 22, 2019

Irish Observation from Sydney

Following our most recent analysis on the mounting risks of an Australian property blowout Blog we received this email from an Irish IT Director who has been living in Australia 25…
February 14, 2019

Irish Migrant Healthcare Workers; Area Code 2570 Flashing Orange

Source: Irish Mirror Post Code 2570 is flashing a bright orange warning to migrant Irish healthcare workers.  The warning indicator isn’t coming from highbrow economic ratios, but from something healthcare…
February 6, 2019

Asteroid Strikes the James

Minister for Health Leo Varadkar has said receiving the phone call this morning that planning permission had been granted was the best phone call he ever received in politics. “Short…
Eddie Hobbs Blog MediaBlog
January 9, 2019

Pivot Point, Brexit Special

 In light of yesterday’s game changing defeat in Westminster of the UK Governments plans to budget for a No Deal Brexit, today we issue a Brexit Special and maintain our…
November 20, 2018

Proof of Collusion, How Trump Betrayed America by Seth Abramson – A review by Eddie Hobbs

What happens next in Trump’s dark fairy-tale matters to all of us, not just because Trump pursues an Economic Nationalism that is damaging to world prosperity and to the climate,…
November 16, 2018

Where’s the Bear?

  How close is the Bear? The Bull market is nearly ten years old, the longest in economic history. It is looking aged, arthritic and sclerotic.  It is why, in…
BlogEddie Hobbs
October 15, 2018

To Impeach a President, the Hard Road and Why You Cannot Rely Upon It

Peer beyond the smoke of bipartisan political theatre and there rests in Article One of the US Constitution powers to remove a President, put there by the founding fathers, sensitive…
BlogEconomicsEddie Hobbs
October 15, 2018

Trump’s Great Retreat, the Road to War and Why Your Resistance Matters

The USA didn’t set out to become the dominant global super force - militarily, economically or institutionally - but it is. Pax Americana has shaped recent global history since US…
BlogEconomicsEddie Hobbs
September 14, 2018

How fat cats created a financial crisis Groundhog Day

It's 10 years this month since the Lehman Brothers supernova triggered the Global Financial Crisis (GFC). The big question is whether it's over and not simply part of an interconnected…
August 14, 2018

Turkey is in the oven

When much of your national debt and domestic corporate borrowing is in foreign currencies and an upward cycle in interest rates follows, you have a fighting chance to trade your…
July 12, 2018

Brexit After Chequers

The political circus that has accompanied the British Tory Party’s internal negotiations appears to have ended.  It has dominated the Brexit landscape since the historic decision two years ago.  However…
April 18, 2018

25 Dirty Secrets About Pensions

Dirty Secrets About pensions When pension industry tuxedos meet to dish out sponsored awards or negotiate the next layer of incompressible rules with Civil Servants, the dirty laundry is rarely…
April 10, 2018

Sino – US Trade War, Unintended Consequences?

It ought not to come as a surprise to regular readers that the first Quarter of 2018 ended by defying its bullish start, perched atop a sea of reports from…
February 21, 2018

What to do as RABO’s Exit Leaves Irish Depositors Marooned with Lower Grade Banks

Rabo Direct just announced that it is exiting Ireland May 16th next, leaving Irish retail investors with a choice of banks with inferior credit rating The Dutch community owned bank…
February 6, 2018

Market Turbulence – Blowing off Froth or Opening of Something Bigger?

Regular readers won’t be surprised by current events. The surprise is how long it lasted before the euphoria about the global economy being in sync met the chilling reality that…
February 6, 2018

Against the Tide – Calling the Recovery Feb 2009 TV3AM Transcript

Click below link for PDF: Feb-2009-TV3AM-Imminent-US-Recovery        
January 24, 2018

Reversion to Zero for Bitcoin?

“A company for carrying on an undertaking of great advantage, but nobody knows what it is” This was a British newspaper advertisement in 1720, the year of South Sea Bubble…
January 22, 2018

Eamon Dunphy interviews Eddie Hobbs on Big Themes; what’s to come and how to prepare nationally and personally   Hobbs Financial Practice is just a click away. If you’d like to talk to Eddie about future-proofing your balance sheet, how to re position financial assets like investments…
January 10, 2018

Glass Half Full -The Alternative View

Especially if you’ve read The Pivot (exclusively available from or any of our regular releases you’ll be familiar with the case that the unaddressed issue of excessive debt, fueled…
January 9, 2018

2006 RTÉ TV Three Part Series, 30 Things to do with Your SSIA

In the 2006 book Loot I’d identified the Irish market as in a bubble but also identified the US as vulnerable, advising readers to reduce debt to under 50% of property values,…
January 7, 2018

January 2018 – Has the Irrational Exuberance Phase Arrived?

January 2018 - Has the Irrational Exuberance Phase Arrived? Storm Eleanor is hammering at the window, announcing her arrival at the South West Atlantic coast, as I write an opening…
November 29, 2017

The Flash Recession

The Flash, a comic book superhero possessing super speed and extreme reflexes that appear to violate the laws of physics. The Flash Crash, not a superhero moment, a rapid, deep,…
November 20, 2017

Trial by On-Line Ordeal?

Trial by ordeal a fair few centuries ago, whether by fire, ingestion or drowning reasoned that divine intervention, judicium dei, would decide the guilt or innocence of the accused. Decisions…
November 7, 2017

Have Stocks and Property Reached a ‘Permanent High’ Again?

“Stocks have reached what looks like a permanently high plateau” – Irving Fisher, economist, three days before the Wall Street Crash, 1929” Unlike last year which was a game of…
November 3, 2017

Update on Australia

Given the huge numbers of Irish who’ve chosen to emigrate to Australia, we continue our watch on its housing bubble, which has seen prices run up three times higher than…
October 24, 2017

Australia Plays Chicken with Housing Juggernaut, by Eddie Hobbs

Damian emailed from Australia unsettled by the general torpor among his Australian buddies about the dangers of an Australian housing bubble collapse. He’s been living there for 20 years. Australia…
October 18, 2017

The Pivot

In November, the Jack & Jill Children’s Foundation will release The Pivot, which I wrote over the summer and finished last month. Exclusively available from Jack & Jill Children’s Foundation…
May 10, 2017

Why Public Sector Pay Negotiations ought to be Televised.

Finally, after decades of withering criticism about the skewed legacy of the Benchmarking process which copper fastened a remuneration gap as between private sector (PS) and Public Sector (PuS), the…
April 19, 2017

Entrepreneur Relief Game Changer

The introduction of Entrepreneur Relief, partially to defend against competition from the UK, is about to change the landscape for retirement planning for Ireland's SME owners, especially if, as expected,…
March 12, 2017

Letter to Leo Varadkar from Dr. Fin Breatnach 10th September 2014

September 10th, 2014. Minister Leo Varadkar, Department of Health, Hawkins House, Hawkins Street, Dublin 2.   Dear Minister, I understand from Jonathan Irwin, whom you will be meeting on September…
February 24, 2017

Lessons from my 2006 Warning Before the GFC

About 2004 I’d started to get concerned about the debt bubble in the USA and not just the one at home, so I started adding Gold to client portfolios when…
February 7, 2017

Irish Credit Unions – How do they reinvent, after loan demand collapse and crushed returns on fixed interest products?

    The day Newbridge Credit Union died in 2013 after a savage run on its savings, the sense of loss of a social keystone cut deep and as widely…
January 26, 2017

DATA PROTECTION DAY – Consumer Rights to Data Privacy

Consumer Rights to Data Privacy, not a moment too soon. Close of play Friday. The weekend feeling had arrived. About to turn off her PC one of the staff at…
January 26, 2017

Euro Lotto Winner –The Golden Dozen

Dear Euro Lotto Winner, There’s no template and very few knocking about, who’ve ever dealt with the outcomes of sudden mega-windfalls, money that has not been learned and earned, over…
December 21, 2016

The End Phase of the Global Financial Crisis Opens

2016 began with very heavy falls in equities meanwhile fixed interest Government bonds rallied even further driving more yields into negative territory, still investors piled in, guaranteed to lose money…
November 10, 2016

The Dust Begins to Settle as the World Map is Redrawn

The early dust is settling on yesterday’s shock win for Trump, as evident by the predicted calming of markets. This short blog adds to ours of yesterday morning, as cool-headed…
November 9, 2016

Trump Clean Sweep catches Ireland in double whammy Brexit & Trumpit

Trump leading a divided Republican Party has taken the US Presidency and with it a Republican Party that now controls both houses, Congress and Senate.  It is time for calm…
November 8, 2016

Does ‘Restoration Economics’ make sense?

It’s a zero sum game chasing up a rising property market with demands for higher pay, where the most powerful and well organised squeeze the least powerful and disorganised in…
October 25, 2016

Eddie Hobbs: Ireland has lopsided, unequal, and socially unjust remuneration model

The only unknown is how much the largesse will be, but the least well-off in the most insecure jobs have always funded the higher pay and job security of those…
July 12, 2016

Central bankers as fallible now as they were in Great Depression

They may yet transpire to be the cause of the intermittent financial bubbles that have shaken the global economy since 2008, as they were in the late 1920s, says Eddie…
July 7, 2016

After the shock — when money talks

It would appear that a disenchantment with the failings of a recently established global economy was one of the reasons for a Brexit vote in the UK, but Britain will…
June 20, 2016

It’s time the State and super-rich paid for a fairer Ireland

One-upmanship has defined wealth creation and its distribution in this country. It’s time the State, the super-rich, and public sector elites paid for a fairer Ireland, writes Eddie HobbsTo get…
June 20, 2016

EU vote has implications for Ireland whatever the result

Whatever the outcome of the EU referendum financial expert Eddie Hobbs believes it will leave a deep divide with serious implications for Ireland.This is the witching hour, the moment just…
June 1, 2016

Largest act of larceny against Irish people

We don’t own our natural resources under Article 10 of the Constitution. It needs to be repealed, but is there anyone with the bottle to take it on, asks Eddie…
May 16, 2016

What will happen in Ireland if there is another global financial crisis?

  There is the risk of another global economic recession in the next few years, though entral banks may manufacture a soft landing, and it’s best to be prepared, warns Eddie…
April 11, 2016

It’s time the State and super-rich paid for a fairer Ireland

One-upmanship has defined wealth creation and its distribution in this country. It’s time the State, the super-rich, and public sector elites paid for a fairer Ireland, writes Eddie HobbsTo get…
BlogDeep State
March 18, 2016

Eddie Hobbs looks at Ireland’s powerful, unelected forces who control decision-making

Eddie Hobbs looks at Ireland’s powerful, unelected forces who control decision-making, upholding the status quo, and protecting their own interests at the expense of the general public, social progress, and the…
December 29, 2013

Eurozone still riddled by chronic debt

Europe's banking system remains vulnerable despite what EU chief Barroso says, writes Eddie Hobbs as he gives his top 10 rules Jose Manuel Barroso's insinuation that Ireland infected the euro…