The Differences Between Ireland and Spain's Housing Bubbles

The key difference for Ireland and Spain was that they were yoked to the euro. In other words, we have the floating dollar. Do you know if Jonathan agrees with you on that analysis? I think so. But I'm not sure. Yeah. The croner of sort of like the Australian... And they had a garden variety recession. It was a bit more than garden variety while it was pegged. They're in a very privileged position. They have no foreign debt. They've got this huge sovereign wealth fund. Every time the croner goes down, they're richer. We left a mining boom with,. they let, they left an oil boom with the sovereign wealth fund, owning