Want to check an economy's health? Forget the IMF and count Irish pubs
Published 05/03/2014 | 02:30
Look at the chart for the latest from January 2014 and notice which cities scream crisis.They are Kiev and Istanbul
Now that President Putin has made a fool of the West and proved a point, which is that Russia is the top dog in the region, let me share with you a story about Kiev and how it spawned the Irish Pub Index of financial crises.
Years ago, I found myself in Kiev's Irish pub, Kitty O'Shea's, facing a bit of a dilemma. I was working for a French bank and was charged with explaining what was going on in Russia and Ukraine.