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    #242
    Diarmuid
    Registered Users Posts: 3,981 ✭✭✭Diarmuid


    DublinWriter wrote: »
    Japan is an Eastern Asiatic economic superpower with no natural resources of its own and with business and social cultures completely alien to western Europe.
    "Ireland is different"

    It's like you're still living in 2006.


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    #243
    Monty Burnz
    Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    DublinWriter wrote: »
    I also find it amusing the way people drag up the old chestnut of Japan when trying to make the graph support the argument. Japan is an Eastern Asiatic economic superpower with no natural resources of its own and with business and social cultures completely alien to western Europe.
    Right...not sure of the relevance though. Does gravity work differently in Japan? How about electromagnetism? The same, you say? So what makes you think fundamental economics works differently there?
    DublinWriter wrote: »
    I always prefer to use our nearest neighbour as an indicator of what will happen here in ten years' time. It's uncanny how our own economic history mirrors what has happened in the UK by a ten year lag.
    You can prefer all you like. I think I'd like to use Norway as an indicator - everything is great there.

    But unfortunately comparing a 12.5% 'crash' over 6 years in the UK (2% per year, more or less) with our 45-50% crash over 3 years (and counting, both figures) is a bit like comparing Gulf War 1 with World War 2. They are not comparable in any intelligent sense.


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