HotDudeLife wrote: » The question is how many of those jobs will return once restrictions are lifted, not many is my guess.
brisan wrote: » Dan O Brien of the Irish Independant on the Tonight show last night said the unemployment figures this time around have happened so quick this recession will make 2008 seem like a blip.
PropQueries wrote: » And remember we only had €30 - €50 billion national debt last time. Negative interests or not, the governments ability to keep funding the economy is gone in two years. Even if this whole thing goes away in two years, then its a possible 10 further years of tax increases and reduced government spending (i.e. the austerity thing they keep telling us won't happen this time), ECB printing or no ECB printing. Miracles do happen but I don't see any way out at this moment in time. Have we reached the end of that road they were talking about 6 or so years ago about 'kicking the can down the road'?
awec wrote: » Did the government force almost every shop and business to close in 2008? What a dumb point this is. Of course unemployment went up quick, we shut everything down. What next, is he going to claim a record number of new jobs as government allows businesses to open again?
awec wrote: » Did the government force almost every shop and business to close in 2008? What a dumb point this is. Of course unemployment went up quick, we shut everything down.What next, is he going to claim a record number of new jobs as government allows businesses to open again?
awec wrote: » The majority of them will return. Not all of them. Ireland is not going to suddenly turn into a nation that never leaves the house.
brisan wrote: » The majority is a very brave forecast I hate the phrase but the New Normal has taken over and a lot of people wont go back to the old ways
awec wrote: » Everyone will go back to the old ways. Not even the most pessimistic crank believes this is going to be around forever. Within a few years the covid aspect of this will all be yesterday’s news.
HotDudeLife wrote: » Spain is a failed society in fairness but thinking about it now so are the majority of countries, the US used to be a beacon of hope but wouldn't live there now if you paid me. OZ is probably the only sensible nation left when it comes to the economy, immigration etc.
Darc19 wrote: » I've never rated Dan obrien. Very much an indo scaremongerer. Goes for the headline. Most of the jobs that are affected are in hospitality / tourism where part-time and Lower pay that contributes little tax is the norm. Many of those affected are getting close to what they earned. Tax receipts have held up very well especially paye and vat. People are spending and due to the type of industry we have here, most people are not fearful of unemployment. House prices will drop a little. They needed to. You should be able to buy a decent 3 bed for under €300k in Dublin or places like Celbridge / Sallins. But I can't see the Armageddon that some suggest.
brisan wrote: » Of course covid wont be around forever ,but peoples habits will have changed and a lot will not go back to their old ways
HotDudeLife wrote: » Let me guess these low earners also wouldn't have been planning on buying a property either :rolleyes: Seriously though, i do love your optimism but i can't see there not being any other scenario than a massive crash given what is involved.
flexcon wrote: » couple €22K a year salary each 44K X 3.5 is €154,000 plus 15K deposit. Those houses are not going to disrupt the hot pockets of Dublin or "New builds" bUt I am just a random person online who occasionally likes to speak out if his arse so please call me on it!
Darc19 wrote: » I've never rated Dan obrien. Very much an indo scaremongerer. Goes for the headline. Most of the jobs that are affected are in hospitality / tourism where part-time and Lower pay that contributes little tax is the norm. Many of those affected are getting close to what they earned. Tax receipts have held up very well especially paye and vat. People are spending and due to the type of industry we have here, most people are not fearful of unemployment. House prices will drop a little. They needed to. You should be able to buy a decent 3 bed for under €300k in Dublin or places like Celbridge / Sallins. But I can't see the Armageddon that some suggest. Remember that the biggest problem in the last recession was a massive drop in tax revenues. Combined with massive personal debt. That is not happening this time.
brisan wrote: » DAN O’BRIEN Chief Economist, Institute of International and European Affairs he must be doing something right to have got that job
Cantstandsya wrote: » People keep referring to the fact that income tax hasn't been affected much. Can someone tell me, if someone is on the covid payment does that count towards their pre tax pay and then they get taxed on the total as usual? i.e. are the government giving with one hand and taking away with the other?
cubatahavana wrote: » Why do you say spain is a failed society? Standard of living way better than in Ireland
Darc19 wrote: » I'm not saying he doesn't know his stuff, but he likes to look at it from a pessimistic view. Perfect for the indo.
The Belly wrote: » you do not need the weatherman to tell you it's raining. And like met they always get it arseways:)
