Stitch and Bear

A long-running Irish blog with reviews of the best restaurants in Dublin and throughout Ireland. Some wine and cocktails thrown in for good measure!

Saturday, February 20, 2010

SuperCycles - Arun Motianey

Arun Motianey is an ex-Citigroup senior employee with a wealth of economic experience. With the current worldwide turmoil, he has chosen a highly appropriate time to advance his theory of the SuperCycle.

The SuperCyle is a long, continuous wave of up and down that stretch throughout the global markets. Motianey attributes the existence of the SuperCycle to the misguided, but well-meant actions of policymakers and leaders. The author takes us through the entire story of a SuperCycle, from beginning, middle to end, using the classic example of the Great Depression to highlight his theory. This naturally leads to an exploration of the current crisis. Motianey's argument against lending on asset value, rather than on income streams rings eerily true following the recent falls in property prices.

Be warned, this is not a light read and definitely not for the faint of heart, or those unlearned in matters economic. I frequently found myself researching topics on the internet in order to supplement my basic economic knowledge. But the author makes interesting reading and his contrary viewpoint is definitely welcome in a time when no one seems to have the answer.

1 comment

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