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

Point I was making is this house is in Portlaoise nowhere near a job. Unless you work from home like we do. If he lost tomorrow his job, and got new job in Dublin let's say. Big treck of 3 to 5 days a week to Dublin from Portlaoise.

A lot of jobs now require 3 days in the office.

400k would be perfect fine for Dublin not Portlaoise. What jobs are there in Portlaoise to service a mortgage. Plus he is bringing wife and kids over from his homeland which is good but usually women don't work.

Not long ago, people were handing back their keys to houses in Portlaoise.

Anyway who cares

I wonder what they would do if it started going up again ?

More warnings.

Euroclear CEO has warned that a G7 plan to use Russia’s frozen assets as a backstop to issue debt for Ukraine would pose financial stability risks to Europe.

" trust in the European capital markets, the trust in euro as a currency substantially affected. "

It does not sound the best of ideas anymore does it ?

Indian exports of diesel now being diverted to Asia due to costs and risk in the Red sea

Thread has become nothing but link dumps of little or no relevance.

You need to compare January 2024 with 2023 which is when the oil cap came in.

There has to be a point though were something is declared bullsh1t. I think 2 years is very generous, dont you?

You mean feelings that people have all the time? Millions of people have "feelings" things are going to happen every day.

So are we still after 2 years sitting here with a global recession on the horizon? This thread is the very definition of a stopped clock thread.

..some of those folks didnt actually just have feelings, but had very solid analysis and data to back their concerns....

Not to be pedantic but we're in a recession currently in Ireland. As are many large economies around the globe.

Yes countries enter recession and we have slow downs etc and that is normal….if you go back and read the first post of this thread it talks about a serious global recession at best (more or less another GFC). And in that regards there have been many claims that this is happening and most of it is from genuinely misunderstanding data or from a misunderstood desire for a recession to validate decisions that people have taken thinking they will be financially better off it happens.

I have yet to see solid analysis or data that says that we are going to have another recession like the GFC.….So if you have solid analysis or data that says otherwise please share.

You're either a bull or a bear imo. Nobody bar the very very few spot legitimate mega crashes and asking somebody on boards to give you definitive evidence of the next one is silly.

Even if by some miracle they did you most likely wouldn't agree with it because you're a bull(from what I've gleaned from your posts).

So we're all just spit balling here with our own biases dictating our POV.

yes its true, events such as the gfc are rare, and thankfully so, but the disturbing fact is, those that pre warned of its eventuality have been once again sidelined, their opinions largely ignored, yet again, i.e. you cannot run economies primarily on credit created by the global financial system itself, as it generally leads to credit fueled asset bubbles, thankfully thats not currently occurring!

the accuracy of such a major event simply cannot be predicted, largely due to the complexities of our economies, but you can clearly see whats now occurring across many economies due to these major failings, we ve been experiencing a rapid rise in wealth inequality, which in turn is causing an escalation of serious social and political unrest, the next few years are gonna be clearly extremely unstable, and of course, markets dont function too well with severe instability....

...another gfc event may very well be decades away, but none of us can truly have functioning lives with rising wealth inequality, and rising social and political tensions....

EU approves the 13th round of sanctions which includes Chinese firms for the first time.