This week Marcus and I look at the original tiger economies of Southeast Asia of the 1990s. After a decade of strong export growth, Thailand, South Korea, Indonesia and the Philippines began to focus on domestic property investment as money poured in from overseas. Then in 1997, starting with Thailand, cash was sucked out of these economies off the back of grim economic news and a staggering descent began. It's a shame Irish policymakers couldn't learn these lesson in time for our own crash in 2008-2009 as the Asian tigers would have shown the Celtic tiger what happens when you go all in on property development. Hope you enjoy!

Warning: This podcast does not constitute financial or tax advice. Please contact a financial advisor or tax advisor to discuss your own individual circumstances, taking into account your needs and objectives, knowledge and experience and financial situation.

What happens when the belief “sure everyone pays their mortgage” no longer holds as happened in 2007. Developers, then and now, are hugely reliant on bank funding in order to build apartments and houses in volume. After the Euro was adopted here in 2002, buckets off cash were available from European banks, especially German banks, and this cash found its way into Irish banks and then Irish developers. We see how all these big movements contributed to a crash in the world economy and depression in Ireland.

Warning: This podcast does not constitute financial or tax advice. Please contact a financial advisor or tax advisor to discuss your own individual circumstances, taking into account your needs and objectives, knowledge and experience and financial situation.

On this week's episode of Cash Lads, we trace the growth of the Irish economy from the recession of the 1980s to the development of the Celtic Tiger all the way to the end of the boom in 2008. We're also looking at how the events in the United States made a bad situation so much worse in Ireland.

Warning: This podcast does not constitute financial or tax advice. Please contact a financial advisor or tax advisor to discuss your own individual circumstances, taking into account your needs and objectives, knowledge and experience and financial situation.