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media love a good disaster story

  • 25-08-2011 5:52pm
    #1
    dj jarvis
    Registered Users, Registered Users 2 Posts: 3,485 ✭✭✭


    not 6 months ago, the Irish ten year bond yields were at 15% and at every increase we were bombarded with end of the world scenarios

    it was Armageddon for Ireland and we should BEG for outside help
    and yes we did need it but it was being shoved down our throat's daly

    now the Irish ten year rate has dipped below 9% for the first time in well over 6 months and not ONE word from the media outlets
    NOT ONE - funny that , sure where is the scare in good news ???

    our rate at the moment is 8.896 from 15 % , is it not a GOOD news indicator? - things starting to stabilize and maybe a slight glimmer of hope that we can regain our sovereignty by not being spoon fed by Europe

    i would have thought that even the domestic papers would be all over this ?? i suppose only bad news sells , what do you think ???

    http://www.bloomberg.com/apps/quote?ticker=GIGB10YR:IND


Comments

  • #2
    housetypeb
    Registered Users, Registered Users 2 Posts: 1,197 ✭✭✭housetypeb


    Yippee-the recession is over,lets party.


  • #3
    El Weirdo
    Registered Users, Registered Users 2 Posts: 11,647 ✭✭✭✭El Weirdo


    dj jarvis wrote: »
    our rate at the moment is 8.896 from 15 % , is it not a GOOD news indicator? - things starting to stabilize and maybe a slight glimmer of hope that we can regain our sovereignty by not being spoon fed by Europe
    I'm no economist, but isn't it the fact that we are being spoon-fed by Europe that has the rate where it is now?


  • #4
    jay-me
    Registered Users, Registered Users 2 Posts: 1,002 ✭✭✭jay-me


    It was in the Independent.


  • #5
    dj jarvis
    Registered Users, Registered Users 2 Posts: 3,485 ✭✭✭dj jarvis


    El Weirdo wrote: »
    I'm no economist, but isn't it the fact that we are being spoon-fed by Europe that has the rate where it is now?


    the rate was 15% WHEN we were being spoon feed by Europe , Spain and Italy getting bonds bought by the ECB has taken the heat off Ireland and Portugal,

    no real reason for them to come down so dramatically and so quietly

    the world was shouting when they went up , so why not as they head down ??


  • #6
    2ygb4cmqetsjhx
    Closed Accounts Posts: 564 ✭✭✭2ygb4cmqetsjhx


    >8% is still absolutely atrocious OP.


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  • #7
    dj jarvis
    Registered Users, Registered Users 2 Posts: 3,485 ✭✭✭dj jarvis


    Aubriella Scrawny Smorgasbord wrote: »
    >8% is still absolutely atrocious OP.


    i agree totally !!!! but is 8% a universe away from the 15% the markets were looking for a few months ago

    my point being it was Europe and world wide press coverage when we went 10% + yet now we are sub 8% very little if nothing is being said about it

    good news dont sell papers is the point i was trying to make , and granted 8% is really bad but its a shed load less than 15% dont ya think ?


  • #8
    Paarse Krokodil
    Closed Accounts Posts: 100 ✭✭Paarse Krokodil


    Who cares what our bond rates are at, borrowing more money is an unsustainable way of getting by and we've already pushed it for far longer than one could reasonably get away with it.


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