[cbyrd]

The advice from a friend in the bank is gold... and to do it sooner rather than later. . .

[Bambi]

Originally Posted by cbyrd

The advice from a friend in the bank is gold... and to do it sooner rather than later. . .

Your friend works in THE bank? Seems legit

[cbyrd]

she's of the lower down browbeaten keeps uptodate variety.. .. .. she saw a facebook update and messaged me with what to do...i went to school with her til she moved to canada..she came back 3 years ago to the local bank and went from the higher up to lower down to facilitate her family..she's definately not on the banks side makes you wonder though how much we're not being told......

[Calibos]

Originally Posted by cbyrd

she's of the lower down browbeaten keeps uptodate variety.. .. .. she saw a facebook update and messaged me with what to do...i went to school with her til she moved to canada..she came back 3 years ago to the local bank and went from the higher up to lower down to facilitate her family..she's definately not on the banks side makes you wonder though how much we're not being told......

You do realise that not all bank tellers are macro economics Masters/PhD holders don't you?

[cbyrd]

Originally Posted by Calibos

You do realise that not all bank tellers are macro economics Masters/PhD holders don't you?

She has a masters in economics and is a qualified accountant... as i said she took this job in Ireland cos she has 2 kids and now one on the way...she couldn't get a decent job when she came back from canada cos she was pregnant at the time...i'd trust her more than some 'experts' .i'd also trust someone with canadian qualifications ...

[K-9]

Originally Posted by cbyrd

She has a masters in economics and is a qualified accountant... as i said she took this job in Ireland cos she has 2 kids and now one on the way...she couldn't get a decent job when she came back from canada cos she was pregnant at the time...i'd trust her more than some 'experts' .i'd also trust someone with canadian qualifications ...

There's a lot of people who think gold is the next bubble though. Wouldn't know much about it but there will be another bubble as there always is, hopefully gold isn't it!

[cbyrd]

My only problem with gold is the price is so high already..its like buying a house here in 2007... maybe wheat or rice would be better...

[dolanbaker]

Whatever you do, make sure you spread it about a bit.

Because, the truth is that no one really know how this situation is going to pan out!

[Justice for the individual]

Originally Posted by cbyrd

My only problem with gold is the price is so high already..its like buying a house here in 2007... maybe wheat or rice would be better...

At least if that investment fails, you can eat it!

[Dave!]

What a versatile thread... Discuss the Fiscal Treaty, moan about the EU, theorise about pan-European conspiracies, and offer/receive financial advice!

/off to buy gold

[Scofflaw]

Originally Posted by dolanbaker

It does when there are hard resource limits in place, and they are there right now. Demand pushes prices up until "Price rationing" kicks in and reduces demand, price falls - demand increases, but as some countries can afford to pay a higher price the demand has shifted to those countries leaving less for those who found the price too high.

As a result we see less oil being available to the OECD countries as Chindia locks in an ever increasing part of the available fuel.

The rules that state that supply will meet demand are being tested to the limit!

So you're saying that oil limits will limit Irish growth?

cordially,
Scofflaw

[dolanbaker]

Originally Posted by Scofflaw

So you're saying that oil limits will limit Irish growth?

cordially,
Scofflaw

Indirectly, yes!

If people are experiencing difficuilies caused by high ol prices, they are likely to spend less on discretionary goods & services, this of course would have a downward pressure on the economy.

At the first hints of growth, the oil price jumps due to supply limitations, thus snuffing out that growth very quickly.

We saw that happen earlier this year, and the affects are happening quicker than in 2008 but with a shallower price boom-crash trend.

In the meantime, countries that use oil more effectively (rather than efficiently) are benefitting because their operating costs are still much cheaper as they don't have to pay high wages that allow employees to have SUV's and the like.

[Scofflaw]

Originally Posted by dolanbaker

Indirectly, yes!

If people are experiencing difficuilies caused by high ol prices, they are likely to spend less on discretionary goods & services, this of course would have a downward pressure on the economy.

At the first hints of growth, the oil price jumps due to supply limitations, thus snuffing out that growth very quickly.

We saw that happen earlier this year, and the affects are happening quicker than in 2008 but with a shallower price boom-crash trend.

In the meantime, countries that use oil more effectively (rather than efficiently) are benefitting because their operating costs are still much cheaper as they don't have to pay high wages that allow employees to have SUV's and the like.

OK - my problems with that are (a) Ireland's demand is miniscule on a global scale, and (b) we're already seeing growth.

cordially,
Scofflaw

[dolanbaker]

Originally Posted by Scofflaw

OK - my problems with that are (a) Ireland's demand is miniscule on a global scale, and (b) we're already seeing growth.

cordially,
Scofflaw

Miniscule, yes, but the amount available is still shrinking due to increased internal consumption by oil producers and Chindia expansion.

Ireland is one a a number of countries that are having stunted "growth" all of which are still below levels seen a few years ago, that's not growth it's recovery to a previous high.