Recovery

thebaz

after 3 years of nearly constant , doom and gloom, the fear of the IMF , the arrival of the IMF , the persistent drip feed of bad news and no future for 40 years ... I'm going out on a limb and saying the recession has probably ended , or bottomed out ... nothing to do with a new government , but the Google sale in Dublin , was not just good news for NAMA , but for the Irish economy as a whole , also, although Bank of Irelands , profits are down , they are still in profit

http://www.irishtimes.com/newspaper/finance/2011/0219/1224290287683.html

I would say that BoI and Permanent tsb are fairly safe banks now, where i would deposit money .
Recovery will be incredbly slow, but good news needs to spread about Ireland , remember the media were 2 years late , reporting about the onset of the recession, so expect them to be equally slow to report about recovery .... shoot me down , but i think good news for the country, needs to be put out there , not just in the little read economics forum ...
b

Jimmy the Wheel

We have turned the corner...

orourkeda

It's bullsh1t.

Things are going to get worse

peasant

Just feck off, Brian ...

Heisenberg89

Weird that by the time the country recovers, we'll all be dead.

Redlion

SSSHHH!...

you'll jinx us if ya mention it's over

thebaz

orourkeda wrote: »

It's bullsh1t.

Things are going to get worse

if you realised how bleak certain parts of Ireland had become , you would know things could not get much worse - are google fools ?? - everything thing is cyclical , ups and downs , the recession will end some day - just my prediction - also bank stability will be key to recovery - i despise the old Anglo board, along with fingers Nationwide and the AIB as much as anyone - not forgetting the clowns running the Central bank and the dotty old regulator - persnally i would try some of them for treason ..

Jimmy the Wheel

thebaz wrote: »

- are google fools ?? - everything thing is cyclical , ups and downs , the recession will end some day ..

True. It's all snakes and roundabouts, at the end of the day.

m5ex9oqjawdg2i

BOI and PTSB are safe? LOL!!!

Good one...

chicken fingers

Jimmy the Wheel wrote: »

True. It's all snakes and roundabouts, at the end of the day.

snakes and foxes

Sticky_Fingers

We'll pull out of recession, but its going to be a jobless recovery. It'll be cold comfort to those people who are unemployed that the economy is stable-ish and the banks are back in profit while they are scrapping by on welfare. Things are going to be very bleak and austere for many people over the next few years.

hatrickpatrick

Posting optimism and good news on Boards.ie?
Prepare to be attacked and ridiculed by the exceedingly vocal "we're all f*cked, suicide is your only option" brigade.

Incidentally, the only way this economy recovers is through consumer confidence. And the only way consumer confidence recovers is if people STOP with all the frankly ludicrous doomsday scenarios.

Ireland isn't the first country to be in this position, it's not the only country to be in it now, and it will not be the last. Our economy drops back to 2001 levels? NEWSFLASH: 2001 wasn't a f*cking famine!!!!!

We're going to have a few nasty years due to the incompetence of bailing out private banks which should have been allowed to die like any company which screws up.

What are we NOT going to have?
We're NOT going to have an entire decade of misery.
We're NOT going to become a third, or even second world nation.
We're NOT going to have a military coup. (This one made me LOL)
We're NOT going to lose every young person out of this country, and
We're NOT going to remain in this recession for much longer.

All of the above are threatened by the gloom brigade. The economy won't recover until money starts moving in it. Money won't start moving until people start spending it. No one is going to spend a single cent if every corner of the media is telling them that next year they won't have a penny to their name.

Yes it's going to be hard for 2 or 3 years. But it's not the great famine. It's not civil war. It's not the troubles. It's not the 80s.

CHEER THE F*CK UP, OR WE REALLY WON'T RECOVER.

ilovesleep

Go and suck cowens cock and keep your mouth shut for the week Mr.lenihan. I do not want to hear from you this week and more importantly I do not want people to be fooled into voting FF. You and your maFFia party fcuked ireland up for a very long time due to you believing that we all partied with anglo and your decision to give a blanket guarantee to the banks. We have heard that we have turned a corner from you before and it was all lies. In fact there could be some truth in it - we have turned a corner for the worst, not for the better. Ireland is now facing a depression, never seen before since the 1920s because of your stupidity. Now take yourself and your party to nearest cliff, jump, fcuk off and die. So long and farewell

Alessandra

There's enough debt in the country to last generations provided no more accrues.

We will be in recovery as soon as that doesn't have to be serviced. I for one don't plan on paying for any of it.

James T Kirk

Yeah well, I want that tenner back I lent ya last month!

I'll see you in Hell!

orourkeda

thebaz wrote: »

if you realised how bleak certain parts of Ireland had become , you would know things could not get much worse - are google fools ?? - everything thing is cyclical , ups and downs , the recession will end some day - just my prediction - also bank stability will be key to recovery - i despise the old Anglo board, along with fingers Nationwide and the AIB as much as anyone - not forgetting the clowns running the Central bank and the dotty old regulator - persnally i would try some of them for treason ..

Things can always be worse

Sticky_Fingers

orourkeda wrote: »

Things can always be worse

D-Ream would dispute this:

thebaz

orourkeda wrote: »

Things can always be worse

I'm no economist , or fianna fail supprter , in fact i think they should merge with fine gael ,and give people a real choice between a left and centre right govt. - the people who really got burn in this recession, were those who bought property in 2007 and 2008 , if the media had been more vocal about what was happing , they probably wouldn't have bought - houses were not selling , as far back as 2006 , in fact there was a slowdown by late 2005

but I am a gambler, and its just a hunch , recovery will be very slow, happily not returning to the stupid days of 2004- 2006

squod

thebaz wrote: »

I'm no economist , or fianna fail supprter , in fact i think they should merge with fine gael ,and give people a real choice between a left and centre right govt. -

From the top. You're saying you want to merge the people who committed the greatest bank robbery in history ( when FF bailed Anglo) with the people who want to drive the getaway car? (FG will continue to support the bail-out fraud after the general election).

https://www.youtube.com/watch?v=uH9mpUn_VHs

whiteonion

hatrickpatrick wrote: »

Posting optimism and good news on Boards.ie?
Prepare to be attacked and ridiculed by the exceedingly vocal "we're all f*cked, suicide is your only option" brigade.

Incidentally, the only way this economy recovers is through consumer confidence. And the only way consumer confidence recovers is if people STOP with all the frankly ludicrous doomsday scenarios.

Ireland isn't the first country to be in this position, it's not the only country to be in it now, and it will not be the last. Our economy drops back to 2001 levels? NEWSFLASH: 2001 wasn't a f*cking famine!!!!!

We're going to have a few nasty years due to the incompetence of bailing out private banks which should have been allowed to die like any company which screws up.

What are we NOT going to have?
We're NOT going to have an entire decade of misery.
We're NOT going to become a third, or even second world nation.
We're NOT going to have a military coup. (This one made me LOL)
We're NOT going to lose every young person out of this country, and
We're NOT going to remain in this recession for much longer.

All of the above are threatened by the gloom brigade. The economy won't recover until money starts moving in it. Money won't start moving until people start spending it. No one is going to spend a single cent if every corner of the media is telling them that next year they won't have a penny to their name.

Yes it's going to be hard for 2 or 3 years. But it's not the great famine. It's not civil war. It's not the troubles. It's not the 80s.

CHEER THE F*CK UP, OR WE REALLY WON'T RECOVER.

How are ordinary people going to spend more money when they have got wage cuts AND tax increases, add to it that the cost of petrol, food and utilities are going up? It doesn't look like things will get cheaper in the future? How do you think people can afford to spend more? :mad:

ilovesleep

whiteonion wrote: »

How are ordinary people going to spend more money when they have got wage cuts AND tax increases, add to it that the cost of petrol, food and utilities are going up? It doesn't look like things will get cheaper in the future? How do you think people can afford to spend more? :mad:

Not to mention saving to emirgrate.

thebaz

squod wrote: »

From the top. You're saying you want to merge the people who committed the greatest bank robbery in history ( when FF bailed Anglo) with the people who want to drive the getaway car? (FG will continue to support the bail-out fraud after the general election).

absolutlty , poeple can vote for them if they so wish , i see little difference between the 2 parties, and their constant petty wrangling - the system in the UK / US where people get a straight choice between a left or right government , seams more sensible

squod

I'd say the system in the US is no model to follow at all. It certainly won't improve democratic debate in this country.

Anita Blow

I love how anyone that shows any sort of optimism about the country is shouted down as a FF supporter.
If the only criteria for supporting the other parties is to think theres no future in this country then we really are ****ed.

saywhatyousee

Alessandra wrote: »

There's enough debt in the country to last generations provided no more accrues.

We will be in recovery as soon as that doesn't have to be serviced. I for one don't plan on paying for any of it.

but your willing to pay for the exact same situation in the UK???????? ok

AskMyChocolate

I'd love to share your optimism OP but I don't think you've thought things through. It was blind optimism and false groundless confidence that got us into this situation in the first place. It is simply not possible to take €7 billion out of the domestic economy and then expect people to believe the ludicrous growth projections of FG. Noonan's sums make about as much sense as Adams'. This is before you even take into account the fact that a recovery in the European economy (which is definitely possible) will spell disaster for our economy given the huge number of people who are on tracker mortgages. Your positivity, while admirable, makes about as much sense as Donie Cassidy's assurance in 2007 that "There's never a wrong time to do the right thing" while trying to convince more young people to take out ludicrous mortgages to benefit his builder mates. People should not spend money they don't have and it will never make sense.

galwayrush

Don't worry OP,you're not alone in your thinking.Things will be beter soon, Bankers will be back to getting large bonuses, Politicals will be getting pay rises, then all will seem normal again.:rolleyes: