The Celtic Tiger is beginning to roar.....says David McWilliams?

Kermit.de.frog · 03-09-2014 3:40am #1

http://www.independent.ie/opinion/columnists/david-mcwilliams/something-major-is-stirring-in-the-irish-economy-the-place-looks-set-to-take-off-30557058.html

An unlikely source for such optimism? Puts a smile on my face though. We might just be out of this thing with brighter days ahead.

*shades*:cool:

krudler · 03-09-2014 3:44am

Celtic Tiger II: Decking Harder

deco nate · 03-09-2014 3:53am

Load of bollix's! People like gigs, take in the fact that they have to give up going
Out to save up to pay for that day out. So, that money is not been spent in the way it would normally have been, so thier is. In fact Less money to go around, Wages are way down for most people.

And this is from the man that
Told to government to back the banks? Yea I believe him!

In Lonesome Dove · 03-09-2014 3:56am

I hope the celtic tiger number 2 does roar. I've just been thinking tonight that I wish I had a few grand to feck off abroad for a few weeks for a concert I would like to go to.

Jhcx · 03-09-2014 3:57am

I was called a cub. begorrah ta feck was i a cub. scarred for life i am. no tiger for me. i still plan to ditch this place as soon as the sign im waiting for shows up. i could be waiting....

porsche959 · 03-09-2014 3:58am

Is this the same David McWilliams that advocated putting €3bn of taxpayers money into AIB in 2008?

I'm just curious. I seek merely information.

deco nate · 03-09-2014 4:00am

porsche959 wrote: »

Is this the same David McWilliams that advocated putting €3bn of taxpayers money into AIB in 2008?

I'm just curious. I seek merely information.

Yep, the this is the same person!

krudler · 03-09-2014 4:02am

"Dublin airport is jammed again" yeah with young people leaving the country.

In Lonesome Dove · 03-09-2014 4:03am

deco nate wrote: »

Load of bollix's! People like gigs, take in the fact that they have to give up going
Out to save up to pay for that day out. So, that money is not been spent in the way it would normally have been, so thier is. In fact Less money to go around, Wages are way down for most people.

And this is from the man that
Told to government to back the banks? Yea I believe him!

That's it. Music feeds the soul.

porsche959 · 03-09-2014 4:04am

deco nate wrote: »

Yep, the this is the same person!

I did suspect that it was.

Now I wonder, why would anyone take him seriously again on any economic/banking/financial issues?

kneemos · 03-09-2014 4:07am

Masters of the bleedin obvious the lot of them.
If he'd said this two years ago I'd be impressed.Must have a stockpile of catchphrases built up and ready to go.

deco nate · 03-09-2014 4:09am

porsche959 wrote: »

I did suspect that it was.

Now I wonder, why would anyone take him seriously again on any economic/banking/financial issues?

Does anyone take him seriously after all his bs?
I don't think so at this stage.
Every time I see him in the papers /News I brush over it.
He is a joke at this stage.
Answer... No!

Kermit.de.frog · 03-09-2014 4:10am

In fairness it's hard not to argue that all the economic indicators seem to point to a robust recovery.

kneemos · 03-09-2014 4:12am

porsche959 wrote: »

Is this the same David McWilliams that advocated putting €3bn of taxpayers money into AIB in 2008?

I'm just curious. I seek merely information.

Also the same guy that predicted the end of the Euro.

Jesus Wept · 03-09-2014 4:18am

It's a good article. Doesn't use his usual over wrought similes.

deco nate · 03-09-2014 4:22am

For who? Wages have taken a major dump, prices rising for all living expenses.
How Does this improve
People's life's?
Wear maybe the job front is improving. However if people have to pay the the nose for these "improvements'in our lives. I'm like many I'm sure cannot 'enjoy life' and before anyone asks no I don't have sky, yes I do have bb.
And I wish I could afford to go to a gig/have a night out.
And tbh, I'm just one of very many that can't. And it will only get worse when water charges come in.

Kermit.de.frog · 03-09-2014 4:25am

deco nate wrote: »

For who? Wages have taken a major dump, prices rising for all living expenses.
How Does this improve
People's life's?
Wear maybe the job front is improving. However if people have to pay the the nose for these "improvements'in our lives. I'm like many I'm sure cannot 'enjoy life' and before anyone asks no I don't have sky, yes I do have bb.
And I wish I could afford to go to a gig/have a night out.
And tbh, I'm just one of very many that can't. And it will only get worse when water charges come in.

You do understand the concept that there is a lag between actual recovery and people seeing it in their pockets. As the article points out you won't see it yet.

I'd bet on a neutral budget next month. The country's finances are well ahead of schedule.

deco nate · 03-09-2014 4:39am

Kermit.de.frog wrote: »

You do understand the concept that there is a lag between actual recovery and people seeing it in their pockets. As the article points out you won't see it yet.
But
I'd bet on a neutral budget next month. The country's finances are well ahead of schedule.

And people that are already under pressure, more even going into debt this is a good thing?
Already in debt,? Yet to add water charges. But hey next budget MAY be better, how do you think it will help those that are already in dire need of help? You know, those that are working but lowest pay packet. Yet still have to pay all these bills? I love to know.

Kermit.de.frog · 03-09-2014 4:40am

We have made huge progress. I remember when Ollie Rehn arrived in Dublin with the IMF to deal with our incompetents. A dark day.

https://www.youtube.com/watch?v=0Cl7cxopNjg

kneemos · 03-09-2014 4:53am

Kermit.de.frog wrote: »

You do understand the concept that there is a lag between actual recovery and people seeing it in their pockets. As the article points out you won't see it yet.

I'd bet on a neutral budget next month. The country's finances are well ahead of schedule.

We're borrowing 800 million a month and have massive debt interest payments,the Government won't have anything to put in our pockets for the foreseeable future whatever the recovery.

Kermit.de.frog · 03-09-2014 5:03am

kneemos wrote: »

We're borrowing 800 million a month and have massive debt interest payments,the Government won't have anything to put in our pockets for the foreseeable future whatever the recovery.

Not true - in this budget they do have scope for targeted relief for low earners. Not much of course but if it is a neutral budget than that gives confidence and that is what needs to grow so that people will spend more. Solid growth could bring real tax relief next year.

I hope this budget marks the end of austerity. It may well do. The economy is recovering strongly compared to the eurozone even though people do not see it yet. It's a lag and effect.

deco nate · 03-09-2014 5:05am

So you are saying we are not borrowing 800 million per month, yet even if we are we can afford to...?!
Also a neutral budget will not help anyone. Cos it is neutral.
How can that help anyone that is on the lowest wage? And yet sill to pay all bills?!
Plus food.

In Lonesome Dove · 03-09-2014 5:09am

The finance minster of France came out a few weeks ago being very criticial of the eurozone saying that if we continue down the path of austerity we'll find ourselves in a depression. I would agree with him. Many countries have similiar problems to us such as banking problems, deficit, unemployment. So the problem goes very deep but the only solution to date has been to hit us left, right and centre with cuts and tax hikes which will lead us all around in circles.

Kermit.de.frog · 03-09-2014 5:12am

deco nate wrote: »

So you are saying we are not borrowing 800 million per month, yet even if we are we can afford to...?!

Growth is the key here. The economy is growing so that leaves scope for targeted relief.

The deficit this year looks like it will be 3.6% - way below expectations. To put in context the UK's deficit is 7.8%. So we have less to do to meet the EU targets for every member state. The more the economy grows the less that target becomes.

We were proportionally paying far more in interest in 1989 incidentally compared to now. And the NTMA can and is refinancing debt at record low interest rates.

It's not as simple as you make it seem.

deco nate · 03-09-2014 5:21am

Kermit.de.frog wrote: »

Growth is the key here. The economy is growing so that leaves scope for targeted relief.

The deficit this year looks like it will be 3.6% - way below expectations. To put in context the UK's deficit is 7.8%. So we have less to do to meet the EU targets for every member state. The more the economy grows the less that target becomes.

We were proportionally paying far more in interest in 1989 incidentally compared to now. And the NTMA can and is refinancing debt at record low interest rates.

It's not as simple as you make it seem.

It is when you have less money, yet more bills than ever before, that is my point.
How much do the powers that be can think people can hang on? You can talk fractions all you like.
I'm talking about people's life's.

kneemos · 03-09-2014 5:23am

Kermit.de.frog wrote: »

Not true - in this budget they do have scope for targeted relief for low earners. Not much of course but if it is a neutral budget than that gives confidence and that is what needs to grow so that people will spend more. Solid growth could bring real tax relief next year.

I hope this budget marks the end of austerity. It may well do. The economy is recovering strongly compared to the eurozone even though people do not see it yet. It's a lag and effect.

Pretty much guaranteed to be tax relief next year with an election due in 2016.

Barely There · 03-09-2014 5:59am

In Lonesome Dove wrote: »

The finance minster of France came out a few weeks ago being very criticial of the eurozone saying that if we continue down the path of austerity we'll find ourselves in a depression. I would agree with him. Many countries have similiar problems to us such as banking problems, deficit, unemployment. So the problem goes very deep but the only solution to date has been to hit us left, right and centre with cuts and tax hikes which will lead us all around in circles.

The budget deficit has reduced by around €10billion per year since the introduction of austerity measures.

Despite all the whinging from the usual suspects on the loony-left, it would seem that austerity is working.

Now we're seeing increased employment levels and growth in tax returns.
Are we out of the woods - no. We're very exposed to a worldwide downturn.

Are we moving in the right direction - yes.

Crunkussion · 03-09-2014 6:01am

Celtic Tiger II: We Scotland Now

Tarzana · 03-09-2014 7:14am

i heart chewy louie wrote: »

It's a good article. Doesn't use his usual over wrought similes.

He seems to have got over that alright. Thank fúck.

OldRio · 03-09-2014 7:59am

Barely There wrote: »

The budget deficit has reduced by around €10billion per year since the introduction of austerity measures.

Despite all the whinging from the usual suspects on the loony-left, it would seem that austerity is working.

Now we're seeing increased employment levels and growth in tax returns.
Are we out of the woods - no. We're very exposed to a worldwide downturn.

Are we moving in the right direction - yes.

I stop reading after 'loony left'.
Lazy cliche ruins point you were making.

Teyla Emmagan · 03-09-2014 7:59am

kneemos wrote: »

Pretty much guaranteed to be tax relief next year with an election due in 2016.

I'm quite excited. In fact it's nearly enough to make you vote Labour! Let the great public sector votes buying begin...

anncoates · 03-09-2014 8:04am

That's terrible news.

I've still got a years worth of recycled decking, breakfast roll and US shopping trip gags to use.

03-09-2014 8:18am

kneemos wrote: »

We're borrowing 800 million a month and have massive debt interest payments,the Government won't have anything to put in our pockets for the foreseeable future whatever the recovery.

It's our job, not the governments, to fill our pockets.

Golovkin p4p best · 03-09-2014 8:21am

Where are all the people who said austerity doesn't work?

Potatoeman · 03-09-2014 8:25am

krudler wrote: »

Celtic Tiger II: Decking Harder

Celtic Tiger II: Housing Boogaloo.

Barely There · 03-09-2014 8:26am

OldRio wrote: »

I stop reading after 'loony left'.

I'm devastated.

efb · 03-09-2014 8:28am

Time to restart my hot tub business!!!

mariaalice · 03-09-2014 8:33am

As long as this one is not based on cheap credit why would it be a bad thing. Despite the belief out there the banks and building societies have got very strike about lending it wont be a credit based boom this time.

gugleguy · 03-09-2014 8:48am

efb wrote: »

Time to restart my hot tub business!!!

Ah yes the good old eighties. Springtime of a then new group called the progressive democrats. Messrs Mc Dowell and Harney.Charlie Mc Creevey nearly got roped in but thought the better of it.:)

c_man · 03-09-2014 9:01am

Maybe it's just me but aside from the newspapers and the media telling me that it is so, I wouldn't have guessed there's been a big economic upswing lately.

carlmango11 · 03-09-2014 9:33am

deco nate wrote: »

For who? Wages have taken a major dump

Did you even read the article? He specifically points out that employment and wages are a lagging indicator that follow behind economic improvement.

deco nate wrote: »

prices rising for all living expenses.

Rising prices generally point to economic recovery. Have you forgotten what happened to prices when Ireland entered recession?

deco nate wrote: »

I'm like many I'm sure cannot 'enjoy life' and before anyone asks no I don't have sky, yes I do have bb.
And I wish I could afford to go to a gig/have a night out.
And tbh, I'm just one of very many that can't. And it will only get worse when water charges come in.

Try and look at the bigger picture. Just because you haven't been personally affected by the improving economy doesn't mean it doesn't exist. Evidence is a better indicator than anecdote.

seamus · 03-09-2014 9:56am

deco nate wrote: »

prices rising for all living expenses.

You're wrong I'm afraid. Many living expenses are at their lowest level in 3 years.
http://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexjuly2014/#.VAbWbvldVss

Clothing and footwear in particular is nearly half the price it was in 2006. Energy & fuel costs are cheaper than they were in 2011.

In many ways the big essentials are easier to afford now - if you don't smoke, don't drink a lot, and don't take 3 hotel breaks a year, you're probably more comfortable now than you were this time last year.

Golovkin p4p best wrote: »

Where are all the people who said austerity doesn't work?

What they meant was "Austerity doesn't work immediately". Of course a government should be able to click their fingers and fix everything overnight. Having to cut back for 3 or 4 years is inhumane, why can't they just <insert moronic scheme here>.

Barely There · 03-09-2014 10:17am

seamus wrote: »

What they meant was "Austerity doesn't work immediately"..

I think what they meant was 'I don't like Austerity'.

Had to laugh at the posters during the local election campaign from the usual suspects with the whole 'Say No to Austerity' sloganeering.

OK, but what's your alternative to increasing taxes/reducing expenditure?

Let me guess.
Money trees?

Mr. CooL ICE · 03-09-2014 10:25am

Dublin needs to build as many as 30 additional hotels between now and 2020 to handle the expected growth in tourism and business travel

Me arse

Valetta · 03-09-2014 10:34am

Nicolas Cage wrote: »

Me arse

A well reasoned argument there Nic.

Backed up with evidence based links to counter the article. :rolleyes:

ThinkAboutIt · 03-09-2014 10:43am

I can feel it

The One Doctor · 03-09-2014 10:45am

Valetta wrote: »

A well reasoned argument there Nic.

Backed up with evidence based links to counter the article. :rolleyes:

To be fair, anyone who believes anything printed in the Independent needs their brain examined.

Reggie. · 03-09-2014 10:51am

Kermit.de.frog wrote: »

http://www.independent.ie/opinion/columnists/david-mcwilliams/something-major-is-stirring-in-the-irish-economy-the-place-looks-set-to-take-off-30557058.html

An unlikely source for such optimism? Puts a smile on my face though. We might just be out of this thing with brighter days ahead.

*shades*:cool:

Ah well if he says it.

It must be happening :rolleyes:

Saipanne · 03-09-2014 10:59am

Champagne is on me lads!

Reggie. · 03-09-2014 11:04am

Saipanne wrote: »

Champagne is on me lads!

Good man

When and where

The Peanut · 03-09-2014 11:04am

It might happen and it might not happen. But if does happen, can it be called something not connected to Celtic Tiger terminology?!

I've had a life-time of tiger, cub, roar, and all associated words and the prospect of an 2020 TV3 special with David McWilliams walking through a ghost estate in Longford and Katy Perry's "Roar" blasting away in the background is horrifying.;)

The Celtic Tiger is beginning to roar.....says David McWilliams?

Comments