Someone shouted recession

thethedev

then people stopped spending, then businesses started to lose money, then those businesses that werent even affected started to act like pricks to their employees, paying less etc using the recession as an excuse. The people had less money so stopped spending it. Then the government had less money to spend because it was getting less tax. Then the immigrants left because jobs were hard to find making surplus houses. Then we were ****ed.
If only the people who shouted reccesion had comitted suicide instead

Then their funerals would have generated business for an undertaker, who would have used the money to buy a hearse, making loads of money in VRT road tax and vat on fuel. Then some fella who runs a hearse dealership/petrol station would have made some money and decided he was now so busy he needed a polish lad to work for him, some polish feen comes over and rents a house off a fat cat property developer. The fat cat property developer decides, he can build more houses so gets a giant loan of the bank. He pays it back and the bank invests all the money they get from interest into a new invention for choking chickens then the choking chickens invention is unprofitable so the bank loses money then they need a bailout so the government gives them one then the government needs to increase taxes to pay for it so people now have less money to spend.
then people stop spending, then businesses start to lose money, then those businesses that arent even affected start to act like pricks to their employees, paying less etc using the recession as an excuse. Then people have less money so stop spending it. Then the government has less money to spend because its getting less tax. Then the immigrants leave because jobs were hard to find making surplus houses. Then we were ****ed.
If only the undertaker didnt buy a hearse:(

Irish Slaves for Europe

I agree, recession is more a state of mind than anything else. 90% of people have not be affected in any negative way by the so called "recession," in fact a lot of people are better off now than before, but because there is so much fear about they are not spending, so its a self fulfilling prophecy.

NIMAN

Time for more positive talk then, and we will soon all recover.

civis_liberalis

I can remember the moment I felt a horrible feeling in the pit of my stomach when the flood of talk about the recession started. Would I be right in saying a lot of people felt the same way? It has never really lifted since.

im invisible

i agree with you, to a point.
but i think i heard this line before

thethedev wrote: »

If only the people who shouted reccesion had comitted suicide instead

maybe it was before the recession, and maybe if people had stopped spending money they didnt have...

Wetbench4

Irish Slaves for Europe wrote: »

I agree, recession is more a state of mind than anything else. 90% of people have not be affected in any negative way by the so called "recession," in fact a lot of people are better off now than before, but because there is so much fear about they are not spending, so its a self fulfilling prophecy.

I think its a lot more than 10% that were affected. There are about 400,000 ish unemployed out of a population of 4 million. Of those 4 million, im guessing about half are too young or too old to work. So its more like one in 4/5, rather than 1 in 10. Oh and they need 4 billion in cuts this year, which is 1000 euro for every man woman and child. Whether we talked ourselves into it or not, we are absolutely screwed.

mikemac

If you are still working and the vast majority of the workforce still are then yes taxes have gone up.
And of course there are asshole employers with a "never waste a good recession" attitude so if your pay was untouched they've cut staffing levels to such levels that you are constantly stressed and if you are think about leaving it's "lucky to have a job" :mad:
But most people's pay was untouched and you shouldn't be depending on extra areas like overtime or a bonus.

Anyway rents have gone way down, if you were renting a decent two bed you are saving at least 200 euro a month and maybe more.
Mortgage interest rates are still low and prices for many items has dropped.

For a lot of people, they are better off now they when the recession started
Well right as of this minute and money in your phóca. Every budget brings new changes

Look at tradesmen. There are jobs out there but some don't want the small jobs, they want the contracts for estates or multiple new builds worth a few thousand and demanding the government give out contracts for schools and other projects.

If some of these stopped letting people down and so got a good reputation they'd get work and I wouldn't be listening to the poor mouth talk on Joe Duffy.

Wetbench4

Mortgages have gone up. Esb and bord gais have gone up. Petrol has gone through the roof. Car tax has gone up. Water charges soon, and house tax. Prsi can't be used for anything.The only thing that i can see that has gone down, is the price of houses and the number of jobs.

I feel like shouting AUSTRALIA

Mr Benevolent

Wetbench4 wrote: »

Mortgages have gone up. Esb and bord gais have gone up. Petrol has gone through the roof. Car tax has gone up. Water charges soon, and house tax. Prsi can't be used for anything.The only thing that i can see that has gone down, is the price of houses and the number of jobs.

I feel like shouting AUSTRALIA

People talk about Australia as if you can just walk into the country and take up a permanent high paid job. Ridiculous. Australia is not a panacea and the solution does not involve running away from the problem and expecting someone else to pick up the slack.

Saila

thethedev wrote: »

then people stopped spending, then businesses started to lose money, then those businesses that werent even affected started to act like pricks to their employees, paying less etc using the recession as an excuse. The people had less money so stopped spending it. Then the government had less money to spend because it was getting less tax. Then the immigrants left because jobs were hard to find making surplus houses. Then we were ****ed.
If only the people who shouted reccesion had comitted suicide instead

Then their funerals would have generated business for an undertaker, who would have used the money to buy a hearse, making loads of money in VRT road tax and vat on fuel. Then some fella who runs a hearse dealership/petrol station would have made some money and decided he was now so busy he needed a polish lad to work for him, some polish feen comes over and rents a house off a fat cat property developer. The fat cat property developer decides, he can build more houses so gets a giant loan of the bank. He pays it back and the bank invests all the money they get from interest into a new invention for choking chickens then the choking chickens invention is unprofitable so the bank loses money then they need a bailout so the government gives them one then the government needs to increase taxes to pay for it so people now have less money to spend.
then people stop spending, then businesses start to lose money, then those businesses that arent even affected start to act like pricks to their employees, paying less etc using the recession as an excuse. Then people have less money so stop spending it. Then the government has less money to spend because its getting less tax. Then the immigrants leave because jobs were hard to find making surplus houses. Then we were ****ed.
If only the undertaker didnt buy a hearse:(

bertie is that you :eek:

Rubik.

Irish Slaves for Europe wrote: »

I agree, recession is more a state of mind than anything else. 90% of people have not be affected in any negative way by the so called "recession," in fact a lot of people are better off now than before, but because there is so much fear about they are not spending, so its a self fulfilling prophecy.

The amount consumer spending has fallen by pretty much equals the overall loss in peoples incomes since the recession started..unemployment, tax levies, pay cuts...etc.

Toby Take a Bow

mikemac wrote: »

But most people's pay was untouched and you shouldn't be depending on extra areas like overtime or a bonus.

Anyway rents have gone way down, if you were renting a decent two bed you are saving at least 200 euro a month and maybe more.
Mortgage interest rates are still low and prices for many items has dropped.

For a lot of people, they are better off now they when the recession started
Well right as of this minute and money in your phóca. Every budget brings new changes

15% unemployed, means a fairly drastic lowering of wages/spending power. All civil/public services have seen fairly nasty (especially for the lower-paid workers) pay cuts. I'm not too sure of the public/private workforce ratio, but all-in-all that's a fairly significant percentage of the population that are suffering very highly in terms of pay. A saving of 200 euro in rent won't make up the difference in pay for me compared to last year.

ILikeBananas

Irish Slaves for Europe wrote: »

I agree, recession is more a state of mind than anything else. 90% of people have not be affected in any negative way by the so called "recession," in fact a lot of people are better off now than before, but because there is so much fear about they are not spending, so its a self fulfilling prophecy.

Bull crap

Almost everyone has been affected over the past 4 years.

Anyone working in the construction industry has either lost their job or had their hours dramatically reduced.

Thousands of people working for multi-nationals who've closed down have lost their jobs.

Anyone working in the public sector has had a paycut and a pension levy. Whether or not you think this was justified it still means that they're on a reduced income from 4 years ago.

The same goes for people on social welfare whose numbers have tripled.

Anyone who bought a house recently is in negative equity and a lot of them are now facing increased mortgages due to interest hikes.

Retailers are being squeezed out due to upward only rent reviews.

Even the bloody property developers have had to tone down their lifestyles from the boom era.

Then there's the indirect affects. We're basically paying more for less. services. There's now a Universal Social Charge whilst capital spending is being cut left right and centre for schools, hospitals and road maintenance to name but a few.

So who are these 90% of people who are unaffected?

brotherrabbit

ILikeBananas wrote: »

Bull crap

Almost everyone has been affected over the past 4 years.

Anyone working in the construction industry has either lost their job or had their hours dramatically reduced.

Thousands of people working for multi-nationals who've closed down have lost their jobs.

Anyone working in the public sector has had a paycut and a pension levy. Whether or not you think this was justified it still means that they're on a reduced income from 4 years ago.

The same goes for people on social welfare whose numbers have tripled.

Anyone who bought a house recently is in negative equity and a lot of them are now facing increased mortgages due to interest hikes.

Retailers are being squeezed out due to upward only rent reviews.

Even the bloody property developers have had to tone down their lifestyles from the boom era.

Then there's the indirect affects. We're basically paying more for less. services. There's now a Universal Social Charge whilst capital spending is being cut left right and centre for schools, hospitals and road maintenance to name but a few.

So who are these 90% of people who are unaffected?

Yea I have to agree with this dude..... Their isnt even work for electro mechanical grads that are will to work for free...its messed up!

yesno1234

Irish Slaves for Europe wrote: »

I agree, recession is more a state of mind than anything else. 90% of people have not be affected in any negative way by the so called "recession," in fact a lot of people are better off now than before, but because there is so much fear about they are not spending, so its a self fulfilling prophecy.

TBH I think this was a sarcastic post so calling him out on it is pointless. I could be wrong though.

Micky Dolenz

Irish Slaves for Europe wrote: »

I agree, recession is more a state of mind than anything else..

Tell that to the countless numbers of staff forced onto the dole queue.

What planet are some people living on?

bnt

The thing is: there were things happening in the world of "big finance" that had a direct effect on the workings of medium and small business, and then on employment and expansion. Businesses rely on short-term credit to smooth things out, and when the credit markets froze up in 2008, they couldn't get it, and everything slowed down: recession. Have a read of this, from October 2008, that explains it concisely.

mconigol

What happens if someone shouts the recession is over?

thethedev

mconigol wrote: »

What happens if someone shouts the recession is over?

Then I will stay up until 4 am and write another weird post

7sr2z3fely84g5

Thing is,gas and electricity are going up,leaving people cutting back on their spending and yet you hear this tripe that this country must be more competitive when the cost issues on utility rates+services are going up.

i know alot of people are pissed off to see their pensions are worth nothing for years of sweating and saving whilst the last shower of bstards in government retired on massive pensions for their service of fcking this country up bad and sitting on their arses.

Sticky_Fingers

Confab wrote: »

People talk about Australia as if you can just walk into the country and take up a permanent high paid job. Ridiculous. Australia is not a panacea and the solution does not involve running away from the problem and expecting someone else to pick up the slack.

It can be if you have the skills they are desperately crying out for and are willing to make the move. As for picking up the slack, why should people be forced to carry a load that was never theirs to begin with, there are highly qualified people scratching their arse on the dole without ever getting a sniff of the good life during the Celtic Tiger. Why should they have to wear the hair shirt for the errors committed by others, if their chance at happiness and a better life lies in Australia, Canada or the UK they should grab it and feck the begrudgers.

RichieC

parable of the broken window.

Fallschirmjager

bertie ahern school of economics first class honours degree for you...

so i guess paying 500k for a 4 bed room semi not quite in the arse end of nowhere (but you can see it from there) could keep going on how long?

let me guess, your solution, just pay people more so they can afford it or just keep borrowing...we are good for it, hows that working out for you now?

i tell you what you go ahead for the next 3 months overspending by say 30% more than you can afford to pay back on your credit card, but just 'keep on thinking positive' , come back here and let us know how you are getting on...

might be worth cracking open a book or the odd ecomomics website in your spare time..

thethedev

You talking to me or the fella going on about the parable of the broke window?

Haelium

This has to be the stupidest post I have ever read on boards.

Ignoring a recession doesn't help anything, virtually all economists were warning of this since 2006. Words cannot describe how ridiculous this idea is.

If people kept spending, the problem would be worse, we would have even more people in debt, and even more banks in debt.

OP, do you watch the news? Read newspapers? Listen to the radio? Because it sounds like you haven't been listening to any of the thousands of explanations that have been given over the past couple of years.

thethedev

Well the point I was trying to make was that we were ****ed either way.

dsmythy

mconigol wrote: »

What happens if someone shouts the recession is over?

thethedev wrote: »

Then I will stay up until 4 am and write another weird post

Technically it is over. Are we all saved now?

thethedev

dsmythy wrote: »

Technically it is over. Are we all saved now?

Bollox I was hoping for an early night

mandrake04

Confab wrote: »

People talk about Australia as if you can just walk into the country and take up a permanent high paid job. Ridiculous.

Course you can.... That is if you have the minerals.

ShadowHearth

Me and misses had job and still have during all ressetion.

Media blew it to unbelievable proportions and scared people. Someone said on radio that in Ireland alone there are billions of savings, but people are just too scared to spend. Country going just in to deeper hole.


On the ather hand I can say that in the current workplace the work load increased quite alot comparing to last year. Happy enough, just hopping that it will do even better and I really hope things will go better in the future.

Tonyandthewhale

ShadowHearth wrote: »

Me and misses had job and still have during all ressetion.

Media blew it to unbelievable proportions and scared people. Someone said on radio that in Ireland alone there are billions of savings, but people are just too scared to spend. Country going just in to deeper hole.

Please don't tell me that you think domestic spending can get us out of recession. We need exports and we need proper investment, not just retail sales and we need to sort out our soverign debt. Besides, there are far more people in this country in 100k of negative equity than have 100k sitting in the bank waiting for this to blow over.

starviewadams

Irish Slaves for Europe wrote: »

I agree, recession is more a state of mind than anything else. 90% of people have not be affected in any negative way by the so called "recession," in fact a lot of people are better off now than before, but because there is so much fear about they are not spending, so its a self fulfilling prophecy.

You sir are an eejit of the highest standing.

I can't think of one single person I know that is better off now then they were before this recession hit.My hours in work have been cut to pieces and I'm more overworked now then I've ever been.My mother has been in the dole q now for nearly two years with no hope of a job and my brother is struggling to feed his two children desite the fact that he took out a reasonable mortgage on a house in Laois in 2007.Nobody is spending because they've no money to spend,and things are only going to get worse when this govt introduce more stealth taxes.

Yakult

I blame the media for the recession. They blew it out of the water right away and scared the living sh1t out of people's pockets which in return affected businesses etc.

ILikeBananas

Yakult wrote: »

I blame the media for the recession. They blew it out of the water right away and scared the living sh1t out of people's pockets which in return affected businesses etc.

Yup it was the media alright.

If only they'd kept quiet we could have continued to get rich selling houses to one another using the Germans money.

iPlop

The other thing that people don't consider is that "permenent" jobs are all but gone in Ireland, it's all contract work, all my friends are on rolling contracts these days and could be for years.

The point is if you're on contract you cannot get a mortgage or a loan so the housing market will stay depressed for years to come, even at the prices houses are now.