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Location, location, location.

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  • 29-11-2015 2:09pm
    #1
    realitykeeper
    Registered Users Posts: 4,138 ✭✭✭


    Starting a business is risky enough without the problem of having it in the wrong place. In Ireland, as in the rest of the EU (and US/UK/Japan) everything will ultimately depend on whether the QE programs deliver sustainable growth.

    If they fail, it will mean runaway inflation and a sovereign debt crisis. The problem is that success or failure is not really a decision that can be made but more a development that will happen one way or the other.

    As an opponent of QE, I believe the cheap Euro is best invested in businesses in Africa or Asia rather than in the path of the tsunami which is where our economy stands should the policy of QE fail.

    There are many great places to build a business in this world without the systemic risks posed by QE. Here is one such location: https://www.youtube.com/watch?v=iM0Y4EiCvGE


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    #2
    pedronomix
    Closed Accounts Posts: 997 ✭✭✭pedronomix


    http://www.imf.org/external/pubs/ft/fandd/basics/bigsmall.htm


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    #3
    pedroeibar1
    Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    realitykeeper wrote: »
    Starting a business is risky enough without the problem of having it in the wrong place. ....

    You should have stopped there, Realitykeeper.
    If you are advocating that kip (Rwanda) as a place in which Irish SME’s should do business you really need a realitycheck. Did you not notice that everything in that UTube clip is in the Future? The convention centre (financed by a bond issue of $450 million I recall?) is due to open next year, if ever it gets finished. If lucky it will get conferences from other corrupt Lakes countries, freebies for bureaucrats and their extended families.

    While Rwanda is not bottom of the pile in Africa, Kigali remains a kip, a corrupt place despite massaged figures for IMF. WB and ADB. The people, like those in all dictatorships, have the crap scared out of them, with journalists & opposition politicians disappearing, and atrong secret police force presence so there is a considerable disincentive to report corruption. The economy has serious issues because it is commodity (tea, coffee) dependant, it has export issues because the place is landlocked (with regular fighting on the DR Congo border) and has poor infrastructure. It gets about a billion USD a year in AID, a quarter of so from the US. If that stops the place goes back down the toilet.

    All that S#1T added together makes currency exposure to the USD/GBP look like a doddle.


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