More succour and apologies to my reader.

I apologise to any readers who wondered why I have been silent for the last 10 months. The reason is simple: just like so many other investors I watched, paralysed by the speed of the meltdown in value of my small portfolio. Especially as selling into a losing market sometimes simply was not worth the effort. I watched as the irresponsibility of our overpaid business leaders wrecked the Irish economy and trousered loadsamoney in the process. I was roundly abused when I kept pointing out that the entire building splurge which has left so many picturesque villages and towns blighted by enormous ticky-tacky identikit and half-finished housing estates which are largely empty now, the panic which led so many to get on the property ladder was based essentially on the premise that new first-time buyers would come on board. And before long we had lenders running ads seeking to offer 125% mortgages. The entire Ponzi scheme was run by the same people we are now expected to trust to get us out of their mess. It isn't as if the banks don't have form in this area. Irish taxpayers only recently stopped paying a levy on their incomes used to to pay the debts of AIB when it screwed up in the insurance business. The same golden circle were around then too. (Don't forget that the banks lent the money to buy the field to someone who then got planning permission, and sold the land on for several times he paid for it. To some developer, who borrows the money to use the planning permission to create a new concept in rural living. The appointed builders borrow the money for the development. Some of that money was used to produce the full page ads in the ever fatter Property sections, places where 'journalists' talked up the attractions of borrowing against the value locked into your house because of the then sillly property prices. Don't forget it was bank funding which caused the current disaster) So now we have NAMA, designed to save the developers whilst lumbering the taxpayer with their bank debts. We really need to see proper professional people in charge. None should come from Ireland, because it does seem that our own locals all seem to have bought in to the neo-liberal fantasy. So the recent rise in share prices has cheered me up a bit. But just as I said earlier, I had no spare cash, because of in the collapse. The Green Capitalist is sorry that he failed to show the reader shares which have risen, albeit from levels far below those which first attracted him, and now some of the fastest-growing. I have also a blog called Wheels of Ire over at http://wheelsofire.wordpress.com where I am a bit more personal. It's also more political. If it offends anyone, well, so it goes.My opinion does matter. regardless of how stupid I am. Mind you, if you are a wing nut you will find plenty to get off on. Thank you all for your tolerance. New content coming soon as later this week.