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CoVid-19 Part VIII - 292 cases ROI (2 deaths) 62 in NI (as of 17th March) *Read OP*

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  • Registered Users, Registered Users 2 Posts: 1,189 ✭✭✭Cilldara_2000


    patnor1011 wrote: »
    Printing money is what is wrecking the economy too. Inflation will follow.
    We are so much in debt that borrowing more is pure nonsense. Who will borrow money to someone who is up to his ears in debt already?

    Inflation is good when you're in debt. It reduces the value of your debt.

    Also, the ECB have been printing money for years. Inflation has been very low in the Eurozone in the same time period.

    All the money right now is leaving stocks and going into government bonds. IE anyone with money right now wants to lend it to those who are already up to their ears in debt and who they know are good for it.


  • Registered Users, Registered Users 2 Posts: 8,768 ✭✭✭threeball


    It's a completely different situation though as you already pointed out. Unlike the last recession, it's not an economic factor behind the upcoming recession and the usual outlet of emigration will not exist this time round. On the other side, people will still need houses, food, entertainment etc.

    And it's not like it's a zero sum game. There would be a huge economic impact were we to just let the health service get overwhelmed and let tens of thousands (or hundred of thousands as per the worst case scenarios) die. Or would you expect the survivors (IE family members and friends of the victims as well as the rest of society) to just shrug their shoulders and get back to work in the knowledge that the state put their jobs well above their health and well being?

    One of the biggest issues from the crash was the transfer and hoarding of massive wealth whilst the little guy was up to his bollox in debt. That won't be the case this time. This virus cares nothing for wealth or class. A recovery this time will be quicker and there will be huge appetite to do so.


  • Registered Users, Registered Users 2 Posts: 3,424 ✭✭✭nc6000


    Speak Now wrote: »
    Up to 1961 St Patrick's day was like good Friday used to be!

    And doesn't it still have certain licensing restrictions? I don't think you can buy drink tomorrow until later in the day than usual. Regardless of the day it falls on it has Sunday hours.


  • Registered Users, Registered Users 2 Posts: 5,074 ✭✭✭skimpydoo


    Could he not text/ring him and say that he noticed him coughing so maybe better to stay inside until he get the test results. Not as easy to do as say but think your friend has to man up and do it.

    My mate does not know if he has been tested and I doubt he has as we are only ramping up testing now.


  • Registered Users, Registered Users 2 Posts: 8,768 ✭✭✭threeball


    Inflation is good when you're in debt. It reduces the value of your debt.

    Also, the ECB have been printing money for years. Inflation has been very low in the Eurozone in the same time period.

    All the money right now is leaving stocks and going into government bonds. IE anyone with money right now wants to lend it to those who are already up to their ears in debt and who they know are good for it.

    Unfortunately the ECB will fund the banks and they're the last ones we want having it as it will disappear into a black hole. This should go to governments and straight to the individual to spend immediately in the day to day economy


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  • Registered Users, Registered Users 2 Posts: 962 ✭✭✭James 007


    R.F. wrote: »
    Don’t kiss me, I’m Irish
    Don't kiss me I'm a virus:eek:


  • Registered Users, Registered Users 2 Posts: 4,527 ✭✭✭tobefrank321


    sonofenoch wrote: »
    A treatment for Malaria is showing favorable results for this virus, and readily available too apparently

    https://docs.google.com/document/d/e/2PACX-1vTi-g18ftNZUMRAj2SwRPodtscFio7bJ7GdNgbJAGbdfF67WuRJB3ZsidgpidB2eocFHAVjIL-7deJ7/pub

    I'm going to take every treatment with a pinch of salt. Italian doctors supposedly saw results with another drug and yet deaths are at an all time high there. I'm pessimistic about a vaccine too.


  • Registered Users, Registered Users 2 Posts: 3,607 ✭✭✭Hamsterchops


    Shn99 wrote: »
    Anyone else really nervous? Worried that we are about to face into a crisis that our country might not be able to contain, a potentially crippled health service, a recession, months of isolation...tough times ahead

    Worry and angst can be like a virus too, so don't let it get a grip, or you'll pass it on to others. Stay positive, stay healthy and remember that the glass is always half full :)


  • Registered Users, Registered Users 2 Posts: 4,527 ✭✭✭tobefrank321


    Last time we bailed out the banks.

    This time the banks must bail us out.


  • Registered Users, Registered Users 2 Posts: 1,055 ✭✭✭Fakediamond


    Shn99 wrote: »
    Anyone else really nervous? Worried that we are about to face into a crisis that our country might not be able to contain, a potentially crippled health service, a recession, months of isolation...tough times ahead
    Of course, I’m full of nervous energy that I don’t what to do with. It’s fear of the unknown and anxiety for myself, my family and the wider society.

    And then I calm down a bit and tell myself that we must hold onto hope, And that while this is a terrible time, it will get better and some kind of normality will return. We have to keep a flicker of positivity going, previous generations got through world wars, famine, poverty and we shall too.


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  • Registered Users, Registered Users 2 Posts: 912 ✭✭✭bekker


    ITman88 wrote: »
    Apologies for contradicting you, I hadn’t realised it was only barmen at risk of job losses.
    It's going to take quite a while for people to come to understand that the worldwide economic landscape has changed.

    I'm trying to condense my verbiage so I'll omit my reasoning, and to be honest by the end of it I just hadn't the heart.

    So have a happy St. Patrick's, get out and enjoy it, but take care to keep at least a 2 metre distance.

    I'm off to get a nightcap.


  • Closed Accounts Posts: 3,962 ✭✭✭r93kaey5p2izun


    A horde of children you say! So what's the point of kids being out of school (to avoid contact with each other), only to have hoards of them congragating outside of a school environment :cool:

    Exactly. Their parents are useless and should be fined. Most parents are not failing though. Deal with the wasters, don't abandon the scientifically supported suppression measure.


  • Registered Users, Registered Users 2 Posts: 336 ✭✭ThePopehimself


    rob316 wrote: »
    Your looking at if you were born in that time you may live to 90.
    At this time if you reach 90 now it a phenomenal age to reach in any part of the world, I wouldn't know many. What sort of quality of life do you have at that age?

    Hey there Boaty McBoatface,

    Ever hear of these two? David Attenborough / Queen Elizabeth II???


    Both well past 90 and loving it!


  • Registered Users, Registered Users 2 Posts: 17,997 ✭✭✭✭bilston


    flynnlives wrote: »
    The surge is coming. Probably 10 days out.

    My guesstimate is 8 weeks of this kinda lockdown.
    After that some normality will resume.

    Two problems i can foresee:

    Gob****es getting complacent and not staying indoors.

    The UK experiment ****ing up all the effort we are making now.

    The UK appears to be abandoning it's experiment...although it still isn't closing schools...albeit a lot are doing it themselves.


  • Registered Users, Registered Users 2 Posts: 28,765 ✭✭✭✭murpho999


    Shn99 wrote: »
    Anyone else really nervous? Worried that we are about to face into a crisis that our country might not be able to contain, a potentially crippled health service, a recession, months of isolation...tough times ahead

    It could happen but if it does then we're all in it together as will the rest of the world so I think we'll all be fine.

    If contained properly then the health system will cope even though it will be tough (Health service is not as bad as people make out- inefficient but the treatment is second to none).

    The economic damage will be huge but the country will have to manage it and things will recover quickly when it things start to normalise again.

    Biggest issue for me will be people's well being and mental health. Isolation and being house bound will cause a lot of problems over the long term.


  • Registered Users, Registered Users 2 Posts: 40 Sausage_blaa


    The more and more I read this thread the more and more I'm getting sick of the people that keep having such a negitive response to it..all I hear is we're going to die...we're going into lockdown...this country is ****ed just roll over and die..if I was to believe every poster on this I'd have the virus, my mother, sister, brother, uncle, aunt and so on would have it and we be all nearly dead if not dead already..I'm trying my best to stop it getting to my family but no matter how hard i try it'll probably hit 1 or 2 of us and hopefully we'll survive...but if I was to listen to all the **** on this thread you'd probably have me in my coffin already with all my family and not allowed any mourners...but hey I'm still alive and so are all my family thank god...this thread is damaging..this thread would be a nicer place without all the bull**** (scaremongers)

    Stay safe people we will get through this


  • Registered Users, Registered Users 2 Posts: 10,179 ✭✭✭✭fr336


    seenitall wrote: »
    Anyone a mild case of anxious depressive, suddenly feeling like the world around them has, as if by magic, been starting to sync up with how they are feeling all of the time..?

    Yes! It's like everyone is on my page now! And I really regret it.


  • Registered Users, Registered Users 2 Posts: 5,584 ✭✭✭Cody montana


    Can’t sleep.
    Still in bed shivering but roasting.

    I’ve only a dry throat though.
    Will see if things improve tomorrow and ring the doctor.


  • Registered Users, Registered Users 2 Posts: 8,768 ✭✭✭threeball


    Shn99 wrote: »
    Anyone else really nervous? Worried that we are about to face into a crisis that our country might not be able to contain, a potentially crippled health service, a recession, months of isolation...tough times ahead

    People need to be more pragmatic and stop worrying about stuff you can't change. It's a waste of time and energy. Baz Luhrmann had it right.


  • Registered Users, Registered Users 2 Posts: 1,189 ✭✭✭Cilldara_2000


    threeball wrote: »
    Unfortunately the ECB will fund the banks and they're the last ones we want having it as it will disappear into a black hole. This should go to governments and straight to the individual to spend immediately in the day to day economy

    They have already started "giving" more money to governments, see the Asset Purchase Programme. This is printing money and handing it to the member states in practice. Tbh I prefer that over payments directly to individuals (I believe a $1,000 cheque to everyone in the US it has been mooted) as the government is in a position to direct it to where it's most needed.


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  • Registered Users, Registered Users 2 Posts: 175 ✭✭Withrax


    Chloroquine is a derivative of quinine, which is an ingredient in tonic water. Uncancel St Patricks day, gin and tonics for everyone!! :D


  • Registered Users, Registered Users 2 Posts: 3,733 ✭✭✭seenitall


    Hey there Boaty McBoatface,

    Ever hear of these two? David Attenborough / Queen Elizabeth II???


    Both well past 90 and loving it!

    Mel Brooks, too. Good vintage, that 1926. (Well, except for poor Marilyn...)


  • Registered Users, Registered Users 2 Posts: 3,607 ✭✭✭Hamsterchops


    Can’t sleep.
    Still in bed shivering but roasting.

    I’ve only a dry throat though.
    Will see if things improve tomorrow and ring the doctor.

    Have you got it?


  • Registered Users, Registered Users 2 Posts: 4,527 ✭✭✭tobefrank321


    The more and more I read this thread the more and more I'm getting sick of the people that keep having such a negitive response to it..all I hear is we're going to die...we're going into lockdown...this country is ****ed just roll over and die..if I was to believe every poster on this I'd have the virus, my mother, sister, brother, uncle, aunt and so on would have it and we be all nearly dead if not dead already..I'm trying my best to stop it getting to my family but no matter how hard i try it'll probably hit 1 or 2 of us and hopefully we'll survive...but if I was to listen to all the **** on this thread you'd probably have me in my coffin already with all my family and not allowed any mourners...but hey I'm still alive and so are all my family thank god...this thread is damaging..this thread would be a nicer place without all the bull**** (scaremongers)

    Stay safe people we will get through this

    Dying is only a small part of it. Economic decline is just as serious.


  • Registered Users, Registered Users 2 Posts: 8,768 ✭✭✭threeball


    Hey there Boaty McBoatface,

    Ever hear of these two? David Attenborough / Queen Elizabeth II???


    Both well past 90 and loving it!

    I hope we don't lose Attenborough to this.


  • Registered Users, Registered Users 2 Posts: 876 ✭✭✭ITman88


    pjohnson wrote: »
    Can you explain how teachers, builders and barmen will not get new jobs in their profession?

    You seem to realise schools, building and bars arent going to be closed forever or become extinct professions so why wont the staff be able to get jobs when they re-open?

    It’s not so simple PJ.
    And I’m not a good enough debater but I will try and articulate.
    Let’s use the barmen example.
    Some of those people will get jobs back. . . But lots won’t.
    Do you think the tourism industry will recover rapidly??
    Tourism was a massive industry, the influx of foreign visitors was incredibly lucrative.

    1.7 m visitors visited the Guinness storehouse last year mostly foreign visitor’s. They had staffing levels to cope with such. And charged eye watering entrance fees.
    Are they going to rehire staff when the don’t have the visitors? No chance.

    We won’t see a recovery of tourism for years.
    So no not every barman will be in employment.

    As regards teachers, they will have jobs but at reduced salaries.

    Builders will be required yes, but not as many!!

    It’s not about professions becoming extinct, it’s about demand!!

    We can’t bury our heads in the sand here, we need to be prepared for what’s ahead


  • Registered Users, Registered Users 2 Posts: 1,189 ✭✭✭Cilldara_2000


    Last time we bailed out the banks.

    This time the banks must bail us out.

    Helps that we still own AIB and PTSB and are the largest shareholder of Bank of Ireland. Judging by Simon Harris comments tonight, they might be told to buck up if they don't do so themselves.

    Tbf, they have already stated that they will but they prolly need to do more.

    https://www.rte.ie/news/business/2020/0313/1122038-banking-and-payments-federation-ireland/

    "Bank of Ireland said it has a range of supports, including payment breaks or flexible arrangements on mortgages or loans for up to three months that it will discuss with personal customers directly.

    Similarly Ulster Bank said personal customers in financial difficulty as a result of the virus may be able to defer their mortgage and loan repayments for up to three months.

    AIB said impacted mortgage customers can avail of an interest only or moratoria period of up to six months.

    It also said it allows interest-only repayments in certain circumstances and credit options and supports depending on the specific needs of the customer.

    Meanwhile, Permanent TSB said it already offers support to customers in financial difficulty, including appropriate treatment options based on an individual's circumstances."


  • Registered Users, Registered Users 2 Posts: 5,584 ✭✭✭Cody montana


    Have you got it?

    I dunno.
    I was fine one minute and then really bad within an hour.


  • Registered Users, Registered Users 2 Posts: 11,188 ✭✭✭✭J Mysterio


    Return of the Expert, as the man said.


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  • Registered Users, Registered Users 2 Posts: 336 ✭✭ThePopehimself


    Of course, I’m full of nervous energy that I don’t what to do with. It’s fear of the unknown and anxiety for myself, my family and the wider society.

    And then I calm down a bit and tell myself that we must hold onto hope, And that while this is a terrible time, it will get better and some kind of normality will return. We have to keep a flicker of positivity going, previous generations got through world wars, famine, poverty and we shall too.

    Hey there Fake diamond,
    It's gonna be okay, because there are so many of us who care so much (you're one of them) and that's a great start.

    We're going to be okay. Do what you need to do for today and anywhere you get stuck - anywhere - reach out :)

    If there's one thing I know, it's that when Sh!t comes to shove, Irish people are second to none in looking after our own.


This discussion has been closed.
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