A global recession is on the horizon - please read OP for mod warning

I'm DIYing it 😁

It is very strange that everyone seems to be busy but not a huge amount of work being done and no mad partying as during the tiger years

Higher wages?

just pour more petrol on the fire

"You ask them what determines inflation in your model and they say the inflation target"

Former governor of BOE says but surely what's happening in the economy determines inflation....

Ffs it shouldn't take the Former governor to call that out........its the same rash bullshit peddled in a lot of walks of life by egomaniac know it alls that don't have to suffer the consequences of their actions.....and according to the governor you can trace it back to economics depts in the universities

I wonder how much of the total bullshit being peddled by educational theorists in their group think circle jerks in other areas will be found out to be just that in the future when it has some consequences in the real world.

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A desperate attempt by FG to regain some of the middle voters that have jumped ship in their droves. Yes, he’s had over ten years to do it. But didn’t bother his arse, instead forever pandering to the so called “vulnerable” etc at every opportunity. He can go fcuk off at this stage

.....its always important to remember, the main concern of most ceo's is to maximize returns primarily for major share holders, which regularly includes themselves, i.e. their views tend to be extremely biased, even though generally well informed bias!

the opinions of ceo's is generally heavily biased, for the reasons explained, i.e. their main concern is ultimately the protection of major share holders, this doesnt mean their opinions are always about the concerns and needs of the general population. yes they tend to be very well informed and intelligent opinions, but.....

not at all, its just to be aware of this bias, large corporations gain far more protections than other entities in society, i.e. theyre far more likely to be bailed out in times of crisis, far more likely to receive favorable conditions from creditors, particularly during crisis, such as debt forgiveness, have been heavily supported by public policies such as qe, which were designed to simply (re)inflate asset markets, i.e. they simply are not the same!

you ll actually find many of these businesses would simply be not allowed go out of business, as they would be deemed too big to fail!

again, they are not the same, particularly when compared to other types of businesses such as sme'e, who commonly employ more cumulatively, compared to these businesses, as is the case in america and ireland!

Can't; petrol too expensive

Yes it was. David McWilliams (the only one I can remember) was predicting the 2008 well in advance.

He might have been one of the few but he was very vocal about it. It was around March 20th that Bertie Ahern made an awful comment about people speaking negatively about the economy. So there was definitely rumblings that all was not rosey on the garden.

Incomes have risen faster than consumption.

In ten years, aggregate labour earnings have doubled.

Profit incomes are also strong.

Maybe certain sectors incomes not all that's for sure. Maybe its what's driven the whole thing mad.

I don't doubt there was more than McWilliams. He used to do those shows with the catchy phrases such as "deckland"! Thats why I remember him. But I guess what goes up must come down. So no matter what we will have a down turn again.

I think we are already on the downward side of things. Not actual evidence but we both would have good jobs but starting to cutback in small ways. Less money spent on things like takeaway coffees, kids summer camps etc but we don't have any more money in our pockets. It's costing me almost twice as much per month for diesel now and household bills are increasing so it evens out.