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

The end of the world is not nigh despite all the anecdotal evidence being presented. Some rough times ahead no doubt.

My own evidence. The place is I work is a MNC (greater than 80k world wide, US HQ) has a very successful product that is in the process of re-design.

It’s manufacture was up for “tender” so to speak internally at the company. We do sub contract a lot of mfg out (and always have done) to places like Mexico and Asia. Could we have done that this time? Sure. Cheaper? Probably, I assume so but haven’t seen that financial business case.

But the Strategic decision was to place the MFG in Ireland. Which is a 10-20 year investment and many millions on setting up the manufacture lines.

It would be easier go abroad as we will need to be able to support both versions at the same time as one ramps down and the other ramps up.

But the strategic decision is to remain in Ireland.

Of course they want Russian pipeline gas back. They know that if it happened ( big if ) then companies would be able to make stuff at a good price to sell, pay taxes to keep reliant countries running, keep on employing people, the price would come down globally, farmers could grow crops to feed people, inflation would fall and some people might be saved from actually freezing to death.

Unfortunately the clowns in charge of the circus somehow don't understand that, or are unwilling to admit they fu**ed up in the first place thinking Russia would simply collapse. Or simply don't give a **** if all the above happens, because it looks like no one has a clue what to do if it all ends in disaster.

How many people do you think will freeze to death in Ukraine this year? My bet is a lot more than will in Germany.

And that’s before we get into the murder, rape and castration that’s going on.

Multinationals are everything, look at the corporate tax take... look at the income tax take from MNCs. The numbers are simply extraordinary... how many SMEs are still in business because of MNCs

Of course and when all the MNCs have come and gone that is all we will have left or whatever remains of the SMEs sector.

I am not sure what will actually remain considering Ireland has no indigenous sectors other than agriculture. For now MNCs are everything and they are all that matter.

Nonsese, go walk through dublin and tell me any business that would be there when you strip out MNCs. Then you have all the public sector workers and where this money is coming from to pay everyone...

The Irish government should be over in silicon Valley everyday kissing the feet of the tech CEOs because that's all that matters now. We have gone all in.

The ruble is stronger now against the dollar then then Euro. Maybe you or I can't get it here but a large % of the world can.

The Euro is not going to recover untill the EU get cheap Russian energy. prove me wrong.

The amount of lads I know working on the intel site is unreal. Once you scratch your a#£e safely that'll do.

There was a fella that fell through a concealed ope in floor last night there and fell 25ft and hit the floor underneath. He’s got away without breaking a single bone. Very lucky boy. It’s nowhere near as safe as it’s reputation. Just too big and too many people there at the moment. Meant to be an awful spot to work if your actually interested in getting anything done.

With your first paragraph, you just proved his point.

What a lot of nonsense you posted there which includes the numbers you added to make it “credible”.

why don’t you buy in Russia now while it is cheap before all these big companies arrive there?

Forget about your plan to retire here. There won’t be any money to pay food so let alone pension.