Calm down it's only an Irish recession

We reconvene our panel of economists from last week's programme to pick up from the wreckage of the Anglo Irish Bank to scope out the dilemma's facing the Irish Government and markets. And what difference will the new US regime make to the world's Macro economic condition? The panel includes: Gerard O'Neill of Turbulence Ahead (turbulenceahead.com); Stephen Kinsella of his own eponymous blog (stephenkinsella.net); and Michael Taft of Notes on the Front (notesonthefront.typepad.com).