RTE Should do a 24 week Economis program

ArtSmart

reckon there would be a market for it.

explain as much as possible, the whole meltdown etc.


well, yea or nay?


(no poll option came up, so...)

ArtSmart

how do i get a poll option? doesnt seems to up on the thingmejig.

tvnutz

What's Economis? :rolleyes:

coylemj

ArtSmart wrote: »

explain as much as possible, the whole meltdown etc.

1. Low taxes (thanks PDs) and low interest rates (thanks ECB) caused Irish people to go mad buying houses and apartments as investments with no thought as to who was going to live in them.

2. Thanks to us joining the Euro, Irish banks had access to cheap money from European banks who were happy to lend to one of the fastest growing economies in the world. Trouble was that the Irish economy was growing so fast precisely because of all the money they were throwing at us, the more they gave us, the faster the economy grew so they gave us yet more, you get the picture.

3. The banks couldn't give the money away fast enough to the developers who built more and more houses, shopping centres and apartments and in the process pushed up the price of land with any perceived development potential to ludicrous levels as if the party could never end. Classic example: the Irish Glass Bottle site in Ringsend.

4. Financial regulation was non-existent and nobody in power shouted 'Stop'.

5. The house of cards we built as a so-called economy just needed one external blip to bring it down, cue Lehman Brothers and the whole thing came crumbling down.

Collect your economics degree on the way out.

delaad

coylemj wrote: »

1. Low taxes (thanks PDs) and low interest rates (thanks ECB) caused Irish people to go mad buying houses and apartments as investments with no thought as to who was going to live in them.

2. Thanks to us joining the Euro, Irish banks had access to cheap money from European banks who were happy to lend to one of the fastest growing economies in the world. Trouble was that the Irish economy was growing so fast precisely because of all the money they were throwing at us, the more they gave us, the faster the economy grew so they gave us yet more, you get the picture.

3. The banks couldn't give the money away fast enough to the developers who built more and more houses, shopping centres and apartments and in the process pushed up the price of land with any perceived development potential to ludicrous levels as if the party could never end. Classic example: the Irish Glass Bottle site in Ringsend.

4. Financial regulation was non-existent and nobody in power shouted 'Stop'.

5. The house of cards we built as a so-called economy just needed one external blip to bring it down, cue Lehman Brothers and the whole thing came crumbling down.

Collect your economics degree on the way out.

Fair f**ks! A First for that man.

telekon

ArtSmart wrote: »

(no poll option came up, so...)

ArtSmart wrote: »

how do i get a poll option? doesnt seems to up on the thingmejig.

tvnutz wrote: »

What's Economis? :rolleyes:

LOL!


Double fail for Art-y!!

ArtSmart

i was drunk.

honest

AnonoBoy

A 24 week programme?

Jaysus - let's not make it too detailed now.

Didn't RTE do a programme about how the economy went down the toilet recently already?

metrovelvet

RTE needs a four hour special on over regulation and EU brown nosing.

ArtSmart

AnonoBoy wrote: »

A 24 week programme?

Jaysus - let's not make it too detailed now.

Didn't RTE do a programme about how the economy went down the toilet recently already?

yeah, but all style and litlle substance.