Recession is back baby

ChikiChiki · 08-09-2020 5:16pm

OMM 0000 wrote: »

This is boards. If you're doing well or in management it means you're evil. No one can accept their work related problems might be their own fault.

Yeah tbh, I find that post to be a load of made up guff anyway. Chap has probably never left his cave in the burren.

bmc58 · 08-09-2020 5:27pm

ShockChance wrote: »

It was just a light hearted joke on my part.

Trust me when I say I went threw hell in the last recession I know whats coming.

Different this time.It's not the robbing bankers.And theres a big pot from the EU in grants and cheap loans to kick start economies again.

ShineOn7 · 08-09-2020 5:34pm

Gretas Gonna Get Ya! wrote: »

Why not?

Quite a few of our citizens could benefit from sticking around and learning the important lesson in life of not running away from problems.

This pandemic might even have a positive effect in changing that element in our culture a bit.

Wanting a better life abroad in Australia or wherever is not "running away from your problems"

But you strike me as someone who's never seen anywhere apart from Ireland and maybe Santa Ponsa, so there's no point in engaging with you

Wanderer78 · 08-09-2020 5:38pm

OMM 0000 wrote:

This is boards. If you're doing well or in management it means you're evil. No one can accept their work related problems might be their own fault.

Completely agree, the most critical decisions a person has regarding their career is their date of birth and choice of parents, make a balls of this and you could find yourself completely fcuked!

Wanderer78 · 08-09-2020 5:41pm

Healey_Tae wrote:

Since when did 08 become some benchmark at which salaries were just right? We were living beyond our means!

We were in our bollcoks, once again, the financial elements of the financial crisis were largely based in our private sector financial institutions, public finances were in resonable state prior to the crash

Wanderer78 · 08-09-2020 5:44pm

Healey_Tae wrote:

Not sure why people are saying they know what is to come. This is the recession. The worst is over with. It's barely even a recession when so many are getting payment from government that's equal to what they were earning before hand.

Our global financial system is currently experiencing a similar set of issues, prior to 08, private debt issues still exist, and are growing, but there's also a rapid decline in the demand for new credit, and now there's an increasing likelyhood of defaults and none performing loans, exactly what happened prior to 08!

Ush1 · 08-09-2020 5:49pm

Wanderer78 wrote: »

We were in our bollcoks, once again, the financial elements of the financial crisis were largely based in our private sector financial institutions, public finances were in resonable state prior to the crash

No they weren't and even if they were that would be largely thanks to the private sector.

Wanderer78 · 08-09-2020 5:50pm

Healey_Tae wrote:

People think history repeats itself. It doesn't. And it definitely doesn't repeat itself inside 12 years.

History regularly repeats itself, the 08 crash had incredible similarities to the 29 crash, so watch this space, this has the potential to get hairy very soon and very quickly

Wanderer78 · 08-09-2020 5:53pm

Ush1 wrote:

No they weren't and even if they were that would be largely thanks to the private sector.

The majority of the money created leading up to 08, was in fact created in our private sector financial institutions, in the form of credit, inflating asset prices, particularly property, leading to a rapid rise in private debt, the extremely dangerous type of debt, similar to the 29 crash, hence the term, 'credit crisis-, and the rest is history......

ArnoldJRimmer · 08-09-2020 6:02pm

Gretas Gonna Get Ya! wrote: »

In most cases, yes.

The people who stay, tough it out and come out the other end are in most cases much more impressive people.

Those who run, will always run... it's just in their nature. Every country has a certain % of these people. For some reason Ireland appears to have a higher % than other nations.

Famines, wars, ethnic genocide etc are very different to an economic downturn. They would be some of the genuine reasons why someone might leave a certain place.

As one of the traitors who emigrated during the last recession, I'd love to be educated as to what myself and my fellow mercenaries could have done differently

You keep repeating the same point, that we should have 'stayed to rebuild the economy,' but can you provide some specifics?

Should we have taken our non-existent capital, or tried to get some non-existent credit to start a business to provide jobs for local communities?

Or gotten a non-existent job to spend the non-existent wages to support the tax base and other businesses? The only thing you seem to be suggesting is toughing it out on the dole as it shows true character, but that's not a massive help to the economy during a recession

Man with broke phone · 08-09-2020 6:08pm

If nobody RAN OFF as you say who would have come back for the gathering?

It would have been ****.

Wanderer78 · 08-09-2020 6:08pm

Man with broke phone wrote:

It would have been ****.

Twas

Deebles McBeebles · 08-09-2020 6:10pm

Healey_Tae wrote: »

Why do people constantly call it pay restoration?

Because its the restoration of a previous level of pay. Its always been called that, can't be news to you.

Healey_Tae wrote: »

Since when did 08 become some benchmark at which salaries were just right?

Around 2010 I believe.

Healey_Tae wrote: »

Reeks of entitlement.

Reeks of jealousy. Fair play to them and their unions, I wouldn't begrudge them getting a proper wage.

Feisar · 08-09-2020 6:31pm

ArnoldJRimmer wrote: »

As one of the traitors who emigrated during the last recession, I'd love to be educated as to what myself and my fellow mercenaries could have done differently

You keep repeating the same point, that we should have 'stayed to rebuild the economy,' but can you provide some specifics?

Should we have taken our non-existent capital, or tried to get some non-existent credit to start a business to provide jobs for local communities?

Or gotten a non-existent job to spend the non-existent wages to support the tax base and other businesses? The only thing you seem to be suggesting is toughing it out on the dole as it shows true character, but that's not a massive help to the economy during a recession

At the end of the day that's what we all are.

Zebra3 · 08-09-2020 6:46pm

ArnoldJRimmer wrote: »

As one of the traitors who emigrated during the last recession, I'd love to be educated as to what myself and my fellow mercenaries could have done differently

You keep repeating the same point, that we should have 'stayed to rebuild the economy,' but can you provide some specifics?

Should we have taken our non-existent capital, or tried to get some non-existent credit to start a business to provide jobs for local communities?

Or gotten a non-existent job to spend the non-existent wages to support the tax base and other businesses? The only thing you seem to be suggesting is toughing it out on the dole as it shows true character, but that's not a massive help to the economy during a recession

The reality is the politicians wanted people like yourself out of the country as fast as possible, and to be off the dole.

Hope everything worked out well.

OMM 0000 · 08-09-2020 6:47pm

Wanderer78 wrote: »

Completely agree, the most critical decisions a person has regarding their career is their date of birth and choice of parents, make a balls of this and you could find yourself completely fcuked!

Your problems at work (coming in late, laziness, incompetence, poor social skills, etc.) are due to your age and parents? Get a grip. Take some personal responsibility for your life.

Wanderer78 · 08-09-2020 6:48pm

OMM 0000 wrote:

Your problems at work (coming in late, laziness, incompetence, poor social skills, etc.) are due to your age and parents? Get a grip. Take some personal responsibility for your life.

Judgemental much?

OMM 0000 · 08-09-2020 6:50pm

Wanderer78 wrote: »

Judgemental much?

Have you been drinking?

Wanderer78 · 08-09-2020 6:51pm

OMM 0000 wrote:

Have you been drinking?

Absolutely, important to stay hydrated

Mad_maxx · 09-09-2020 9:47am

Deebles McBeebles wrote: »

Because its the restoration of a previous level of pay. Its always been called that, can't be news to you.

Around 2010 I believe.

Reeks of jealousy. Fair play to them and their unions, I wouldn't begrudge them getting a proper wage.

all political statements

mariaalice · 09-09-2020 9:55am

Does anyone notice there are people obsessed with recessions? it might be related to anxiety or slight depression or it might be just an inclination toward negativity in their personality.

To them, everything is a sign of a recession.

salonfire · 09-09-2020 12:00pm

Deleted User wrote: »

Times like these I'm glad I work in the public sector.

Deleted User wrote: »

It's times like these which is why I chose to work in the public sector.

Bullied at school were you?

Coming into a thread about people's uncertain future to twice gloat how unaffected you are.

09-09-2020 12:13pm

salonfire wrote: »

Bullied at school were you?

Coming into a thread about people's uncertain future to twice gloat how unaffected you are.

No bullying, I'm afraid, I may be slightly overextended regarding a private venture I am involved in ( consultancy work for research companies) but I guess I'll have the HSE wage and pay increase to buffer any losses from that side.

salonfire · 09-09-2020 12:24pm

Deleted User wrote: »

No bullying, I'm afraid, I may be slightly overextended regarding a private venture I am involved in ( consultancy work for research companies) but I guess I'll have the HSE wage and pay increase to buffer any losses from that side.

Yeah, but you'll still be the person that gleefully gloats (twice) in a thread about people having lost or potentially losing their jobs.

Everyone else can draw conclusions what kind of person you are coming across as.

Errashareesh · 09-09-2020 12:42pm

salonfire wrote: »

Quite the big show aren't you.

I bet you say the same to anyone in real life who's just come off the PUP or looking at an uncertain future now.

Looks like you were right originally about that member.

Apologies.

09-09-2020 12:47pm

salonfire wrote: »

Yeah, but you'll still be the person that gleefully gloats (twice) in a thread about people having lost or potentially losing their jobs.

Everyone else can draw conclusions what kind of person you are coming across as.

That's a very cruel thing to say. Nothing you said was my intention. I prefer to see the good in people (like I hope you find some comfort in attacking a person anonymously on the internet).

To clarify, I was just expressing appreciation to have the job security that means that there is no risk of losing my job. I truly feel sorry for anybody who has been let go/ business has gone under.

Also, apologies if you have lost your job, your outburst would be understandable then.

Plumbthedepths · 09-09-2020 1:22pm

Why am I reminded of this..

https://www.google.com/imgres?imgurl=https%3A%2F%2Fmedia1.tenor.com%2Fimages%2F151b91b496b121064d23649b43a45a62%2Ftenor.gif%3Fitemid%3D14838823&imgrefurl=https%3A%2F%2Ftenor.com%2Fview%2Fim-so-sorry-sorry-sarcastic-sarcasm-high-pitched-gif-14838823&tbnid=P55EciabPkdiMM&vet=1&docid=hntugj6LHr7JzM&w=498&h=393&hl=en-GB&source=sh%2Fx%2Fim

09-09-2020 1:51pm

Plumbthedepths wrote: »

Why am I reminded of this..

https://www.google.com/imgres?imgurl=https%3A%2F%2Fmedia1.tenor.com%2Fimages%2F151b91b496b121064d23649b43a45a62%2Ftenor.gif%3Fitemid%3D14838823&imgrefurl=https%3A%2F%2Ftenor.com%2Fview%2Fim-so-sorry-sorry-sarcastic-sarcasm-high-pitched-gif-14838823&tbnid=P55EciabPkdiMM&vet=1&docid=hntugj6LHr7JzM&w=498&h=393&hl=en-GB&source=sh%2Fx%2Fim

No sarcasm intended, chum.

Noah G · 09-09-2020 4:30pm

KungPao wrote: »

I wouldn’t get too excited. Still a big shortage of properties and that will keep prices up, unless the economy really goes down the toilet. But then no one would have money to buy anyway unless they’re genuinely well-off. And people will be very reluctant to sell at considerable loss.

Exactly, glad I will be building my own house in 2 or 3 years on family land, with most work done my family and friends in the trades . wont have to save a ton of money just to get a mortgage of 400k for a over priced house with no garden.

Gretas Gonna Get Ya! · 09-09-2020 6:02pm

ArnoldJRimmer wrote: »

As one of the traitors who emigrated during the last recession, I'd love to be educated as to what myself and my fellow mercenaries could have done differently

You said it buddy, not me!

The subconscious is a powerful thing.

Like I said, to each their own. But I don't have much respect for those who go running when things get tough... And I know plenty who stuck around, who had the chance to leave. They could have made the same excuses, that they had no choice except to leave. But they struggled and got through it.

Recession is back baby

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