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Basic Economics Lesson for Irish People

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Comments

  • #102
    The Waltzing Consumer
    Registered Users Posts: 1,949 ✭✭✭The Waltzing Consumer


    AudreyHepburn wrote: »
    I can't tell if you're agreeing or disagreeing with me, or making a comment about the kind of person you think I am......

    I never once feigned any kind of ignorance and I am not holding myself up as a doyen of economics now.

    Oops, sorry Audrey, that was definitely not aimed at you, I was saying it in general :P


  • #103
    micropig
    Closed Accounts Posts: 2,366 ✭✭✭micropig


    yes in general, there's a lot of armchair economic professors now, graduated from the university of life; course : hard knocks which includes economics as a module:-)


  • #104
    token101
    Registered Users Posts: 3,050 ✭✭✭token101


    The Waltzing Consumer wrote: »
    It would help if the people who feign ignorance during the many years of "boom time" and did not have any clue about finanace works would stop acting like they are now professors of economics.

    It is simply baffling the amount of posters who's biggest contribution has literally been "blast it with piss" are now masters of economics and comfortably talk about macro and micro economic policy :confused:

    It's got nothing to do with economic policy though really. Yeah the government bailing out banks is debatable, but that's somewhat irrelevant in the context of the choices that people made to borrow to unsustainable levels.


  • #105
    Unrealistic
    Registered Users, Registered Users 2 Posts: 1,300 ✭✭✭Unrealistic


    stevedublin wrote: »
    People seem to forget that rents were also high (and still are).
    I am still trying to figure out whether those on here who think renting is fantastic practice what they preach and actually rent themselves.
    And what if the price of food or clothes were to get very high?
    Are we all supposed to rent those too?
    Rents were actually at record low levels compared to cost of ownership. When the rent you can get for a BTL is only enough to cover an interest only mortgage, and not even pay down one cent of capital, that should be a warning that you are in bubble territory.


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