So what is good about recession?

Tha Gopher

Apart from fuel and supermarket food, anyone agree that the cost of living good is going down somewhat?

Recently I bought 100 euro worth of good clothes that last year was easily 180-200 by my reckoning. Sh1t I know of one store which was selling international soccer jerseys for under half the regular price (was amazed in Holland that the cheapest Dutch national jerseys to be found were 35, when I could buy them here for 18!). I know places would have unsold stock post Euro 08 but this is the cheapest I ever saw.

Fast food joints seem to be pushing more get one free and eurosaver offers.

Houses are becoming more affordable to Joe Public.


The only thing left to knock down its prices are pubs and clubs. Or has anyone known of anywhere pushing these down too?

Creamy Goodness

spar €1 ham and cheese sandwiches.

deaddonkey

Tha Gopher wrote: »

The only thing left to knock down its prices are pubs and clubs. Or has anyone known of anywhere pushing these down too?

Sin E is 3 quid pints of guinness on mondays. not a bad deal.

Wazdakka

Yore ma's pretty good...

Pherekydes

What is good about recession?

You can make since Rose out of it.

Kintarō Hattori

Ehh this was only done very recently:
http://www.boards.ie/vbulletin/showthread.php?t=2055332111

R0ot

We can chuckle at all the people that left our schools after the JC to take that highly paid builder/[insert other trade] job over sitting the LC and then a college qualification? :pac:

Charlie

The fact that one of these threads pops up every other day.

Turd Ferguson

Tha Gopher wrote: »

Houses are becoming more affordable to Joe Public

I dont think Joe would be very happy about you using his name on here. And anyway he rents so what you said isnt even true.

Aodan83

Turd Ferguson wrote: »

I dont think Joe would be very happy about you using his name on here. And anyway he rents so what you said isnt even true.

Thats Joe Public on Avenue. There's another Joe Public on Crescent. easy mistake to make, the adresses are similar. Joe on Crescent owns his place though.

Chardee MacDennis

we're not in a recession :rolleyes: but we're doing a good job of talking ourselves into one...

ejmaztec

Spray the whole of Ireland with Regain - that'll stop the recession, either that or a big wig. :pac::pac::pac:

Sonderval

Great time to buy stocks in certain companies!

Markets being cyclical and all that jazz

gixerfixer

BastardPrince wrote: »

we're not in a recession :rolleyes: but we're doing a good job of talking ourselves into one...

Bertie is that you? Thought you had retired. How's the family.

Princess Consuela Bananahammock

A sense of community. That and watching the you-really-must-own-your-own-house brigade complain about their property prices.

SV

I've never had more money.

There is no recession.

sunnyside

Sales and special offers in all the shops and better customer service. Loving it.

Tony Broke

R0ot wrote: »

We can chuckle at all the people that left our schools after the JC to take that highly paid builder/[insert other trade] job over sitting the LC and then a college qualification? :pac:

What do you mean?

Can a carpenter/ block layer or whatever not go to OZ for a job?

The one's with the college qualifications ( like myself ) are in a huge hole too you know.Where in Ireland are all these Arts,Commerce, H Dip etc students gonna get a job?

Abroad with the builders, thats where

Princess Consuela Bananahammock

Everyone who emigrated and then moved back to ireland emigrating again.

upmeath

We have to put the session in recession, simple as.

Black Swan

The taekwondo dojang where I part-time instruct decided not to raise tuition for this coming year.

Chardee MacDennis

gixerfixer wrote: »

Bertie is that you? Thought you had retired. How's the family.

rule of thumb that a recession occurs when real gross domestic product (GDP) growth is negative for two or more consecutive quarters. From Wikipedia...

and considering Q4 2007 had 3.5% growth, and Q1 2008 had 1.5% growth, so i will say again

WE ARE NOT IN A RECESSION

but due to rags such as the Indo we are fast talking our way into ensuring one hits soon...

Itsdacraic

Recession is great. The main things to thrive or at least stay constant during a recession are drinking and gambling.

gurramok

BastardPrince wrote: »

and considering Q4 2007 had 3.5% growth, and Q1 2008 had 1.5% growth, so i will say again

WE ARE NOT IN A RECESSION

Your using old stats to measure it, 6 months out of date. How do you know we are not in a recession right now?
We only know for 100% certain when the CSO releases the stats next year(April maybe).
All the indicators of the economy so far say yes, we are in a recession.

Mint Sauce

Tha Gopher wrote: »

Houses are becoming more affordable to Joe Public.

and they could drop further alot more, thats what i'm hoping on anyway, its a buyers market out there

SV

gurramok wrote: »

All the indicators of the economy so far say yes, we are in a recession.

What indicators?

The fact that people aren't spending money because they think it's in a recession? oh...that doesn't really work does it..

Hanley

BastardPrince wrote: »

rule of thumb that a recession occurs when real gross domestic product (GDP) growth is negative for two or more consecutive quarters. From Wikipedia...

and considering Q4 2007 had 3.5% growth, and Q1 2008 had 1.5% growth, so i will say again

WE ARE NOT IN A RECESSION

but due to rags such as the Indo we are fast talking our way into ensuring one hits soon...

I have to say, this is one thing that has confused me too. I always thought a recession was as defined above. Not just slower than normal (ie in the last 10-15 years) growth :rolleyes:

Until CSO figures are released we won't know. But the tactics the rags are using to sell their papers is disgusting.

RAG: Hey everyone, Ireland's in the midst of a recession. Time to tighten up your belts.

PUBLIC: Oh ****, a recession. We better stop spending.

*6 months later, we're in a recession*

RAG: See, we told ya it was a recession.

PEOPLE WITH A CLUE: Self fulfilling prophecy - lol :rolleyes:

Tony Broke wrote: »

What do you mean?

Can a carpenter/ block layer or whatever not go to OZ for a job?

The one's with the college qualifications ( like myself ) are in a huge hole too you know.Where in Ireland are all these Arts,Commerce, H Dip etc students gonna get a job?

Abroad with the builders, thats where

I think he meant REAL college qualifications??? (Sorry, I couldn't resist )

Supercell

Quick everyone lets talk outselves into a boom!!
Builders ...start building houses..
Sheeple start buying houses for more and more money again..

Sorted..all we need is the papers on our side..and the banks...

Oh wait...

FruitLover

*waves hand*
This is not the recession you're looking for.

phantom_lord

ClioV6 wrote: »

I've never had more money.

There is no recession.

+1

gurramok

ClioV6 wrote: »

What indicators?

The fact that people aren't spending money because they think it's in a recession? oh...that doesn't really work does it..

Maybe people have too much debt to pay back, has that not crossed your mind?

Workforce has been reduced year on year from key sectors like the service& manufacturing sectors(not just construction), unemployment rising, retail sales have substantially reduced since before xmas, all this started before the papers screamed recession.

All the above leading to less revenue for the govt, thats the indicators.

Chardee MacDennis

gurramok wrote: »

Your using old stats to measure it, 6 months out of date. How do you know we are not in a recession right now?
We only know for 100% certain when the CSO releases the stats next year(April maybe).
All the indicators of the economy so far say yes, we are in a recession.

growth is predicted to be at 0.3% for Q2, so that means we cannot be in a recession until Q1 2009 at the earliest, as it would require Q3 and Q4 to experience negative growth - then we are in a recession...

Silenceisbliss

So what is good about recession?

well, i can now afford yore ma twice a week

barryfitz

ClioV6 wrote: »

What indicators?

The scale of job cuts?

gurramok

BastardPrince wrote: »

growth is predicted to be at 0.3% for Q2, so that means we cannot be in a recession until Q1 2009 at the earliest, as it would require Q3 and Q4 to experience negative growth - then we are in a recession...

It went negative from Q4 '07 to Q1 '08. We'll have to wait for Q2 '08 to know for sure unless they released the stat?

Do you agree that the indicators so far are pointing us to the R word?

nice1franko

For anyone who's thinking "this isn't so bad.. what's all the bloody fuss about?" Let me tell you: this is only the start. Things are going to get A LOT worse before they get better. There's a storm comin' so batten down the hatches, stock up on bags of rice, DIY supplies, etc.

edit - apologies guys, meant to post this in weather forum :pac:

Chardee MacDennis

gurramok wrote: »

It went negative from Q4 '07 to Q1 '08. We'll have to wait for Q2 '08 to know for sure unless they released the stat?

Do you agree that the indicators so far are pointing us to the R word?

No it didnt - Q4 2007 had 3.5% growth, and Q1 2008 had 1.5% growth!!

Growth is slowing I'll admit that but it hasn't gone negative as there is still growth which doesn't indicate a recession just a stagnating economy! until there is negative growth quarter on quarter for 2 successive quarters we are not in a recession. so if Q3 2008 comes out as -% growth then i will say we are entering a recession but until i see those figures then no...

gurramok

Exactly, growth went down to minus territory from one quarter to the next.

Its call negative growth now, why don't you just say it 'fell or contracted?

conceited

Might help bring all the **** down to earth?:D

brosps

i went to my bank today to get money to buy microsoft pointss for my xbox to buy castle crashers and then play it

but wouldnt you know my pocket money hasnt transferred into my account yet, the recession is truley hitting us bank users the hardest :eek: eek

Hanley

gurramok wrote: »

Exactly, growth went down to minus territory from one quarter to the next.

Its call negative growth now, why don't you just say it 'fell or contracted?

Are you saying there was negative growth in the economy from Q4 '07 to Q1 '08??

Chardee MacDennis

gurramok wrote: »

Exactly, growth went down to minus territory from one quarter to the next.

Its call negative growth now, why don't you just say it 'fell or contracted?

but the economy is still growing therefore its not a recession :rolleyes: it doesnt matter if the rate of growth goes up or down...

gurramok

Hanley wrote: »

Are you saying there was negative growth in the economy from Q4 '07 to Q1 '08??

Yes, for one quarter to the next. As Prince had stated, the following quarter was supposed to have had small growth(haven't seen that stat yet) and we have to wait for Q3 to come out in 6 months time to know whats going on now.
From Q4 straight to Q2 '08 using Prince's stat doesn't indicate a recession yet, it shows it fluctuating up and down quarter to quarter.

BastardPrince wrote:

but the economy is still growing therefore its not a recession it doesnt matter if the rate of growth goes up or down...

Yes, its was what you said about the phrase 'negative growth' for the quarter on quarter result that was the funny part

What we know without the CSO stats being available until April '09 is that the leading indicators of the economy right now indicate a recession is happening.

Chardee MacDennis

gurramok wrote: »

Yes, its was what you said about the phrase 'negative growth' for the quarter on quarter result that was the funny part

What we know without the CSO stats being available until April '09 is that the leading indicators of the economy right now indicate a recession is happening.

ok i get it now but the reason i was using negative growth is i thought it was the easiest way to explain it!!