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Thread: Deposits From Irish Private Households Amount To 87.2 Billion Time To Buy Government Bonds?

  1. #1

    Default Deposits From Irish Private Households Amount To 87.2 Billion Time To Buy Government Bonds?

    Irish Private Households are awash with cash to the staggering tune of €87.2 bn. all held in resident credit institutions where the pile of money is generating only a meager return. Is it time to buy government bonds with a high yield instead and snap up the CoCos to make a 10% killing? And why is government selling them if they are that profitable?
    Last edited by YouKnowWhatIMeanLike; 14th January 2013 at 10:51 PM.

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    Politics.ie Member Morgellons's Avatar
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    Yep, sounds like a good idea. War bonds were big when they were needed, this is an economical war of sorts.

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    So no need for the croke park 2 fudge lets scrap it and party on.

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    Quote Originally Posted by Morgellons View Post
    Yep, sounds like a good idea. War bonds were big when they were needed, this is an economical war of sorts.
    Nothing like a good crisis for the seasoned infheisteoir.

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    Quote Originally Posted by Mrwoody View Post
    So no need for the croke park 2 fudge lets scrap it and party on.
    it's time to start buying into the next much bigger bubble

  6. #6

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    Put 2k into prize bonds about 2 years ago and not a sausage so far, despite the sales pitch assuring me that there would be a return exceeding the interest I'd lose by withdrawing the cash from a bank account.
    A few weeks before my grandfather died, he started dipping his feet in a bucket of lard.
    He went downhill very fast after that.

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    Politics.ie Member nonpartyboy's Avatar
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    Buying irish govt debt is only encouraging the wasters in charge to keep on wasting money.

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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Irish Private Households are awash with cash to the staggering tune of €87.2 bn. all held in resident credit institutions where the pile of money is generating only a meager return. Is it time to buy government bonds with a high yield instead and snap up the CoCos to make a 10% killing? And why is government selling them if they are that profitable?
    Add in the non Irish ones and we are where?

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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Irish Private Households are awash with cash to the staggering tune of €87.2 bn. all held in resident credit institutions where the pile of money is generating only a meager return. Is it time to buy government bonds with a high yield instead and snap up the CoCos to make a 10% killing? And why is government selling them if they are that profitable?
    Maybe you should stay out of the investing game. There is a massive difference between the Contingent Convertible Capital Notes issued by banks and bonds issued by governments.

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    Quote Originally Posted by corporal punishment View Post
    Put 2k into prize bonds about 2 years ago and not a sausage so far, despite the sales pitch assuring me that there would be a return exceeding the interest I'd lose by withdrawing the cash from a bank account.
    Sausage....

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