Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John McCarthy:
Well, I think on the soft landing, the key point that I would make is that, rather than the volume side, we've devoted a lot of time to that, but on the prices side, even if there is over-valuation, it does not necessarily mean that there can be ... that there will necessarily be massive destruction to the real economy. So it was a point I was making earlier on that you can see modest declines in prices-----
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