Relaxation of Restrictions, Part VIII Read OP For Mod Warnings

growleaves · 07-02-2021 04:27PM

'The next pandemic' is already a huge talking point with these shills.

Folks if there's going to be a major asset bust every 10 years that should figure into your attitude towards personal debt. You can't say you weren't warned.

07-02-2021 04:29PM

growleaves wrote: »

'The next pandemic' is already a huge talking point with these shills.

Folks if there's going to be a major asset bust every 10 years that should figure into your attitude towards personal debt. You can't say you weren't warned.

Who?

Graham · 07-02-2021 04:42PM

growleaves wrote: »

'The next pandemic' is already a huge talking point with these shills.

Who is talking about 'the next pandemic'?

growleaves · 07-02-2021 04:49PM

Graham wrote: »

Who is talking about 'the next pandemic'?

Kermit de frog (on this board), and media outlets are publishing articles about it in the last few days (BBC, Newstalk, Bloomberg).

Its being made pretty clear that from now on routine pandemics like 1957, 1968, SARS, will be accompanied by economic shutdowns.

If that doesn't inform your attitude towards taking on personal debt nothing will.

Since these pandemics come around every ten years be prepared for another economic shock around 2029 or 2031 thereabouts.

Graham · 07-02-2021 04:57PM

growleaves wrote: »

Kermit de frog (on this board), and media outlets are publishing articles about it in the last few days (BBC, Newstalk, Bloomberg).

Thanks, I'll take a look on those sites.

growleaves wrote: »

Its being made pretty clear that from now on routine pandemics like 1957, 1968, SARS, will be accompanied by economic shutdowns.

While I've no doubt there will be other pandemics, I don'y buy into the 'routine pandemic' theory to be honest.

growleaves wrote: »

If that doesn't inform your attitude towards taking on personal debt nothing will.

Since these pandemics come around every ten years be prepared for another economic shock around 2029 or 2031 thereabouts.

Interesting ideas but I don't personally expect to be basing my financial planning around impending routine pandemics.

growleaves · 07-02-2021 05:09PM

Graham wrote: »

Interesting ideas bit I don't personally expect to be basing my financial planning around impending routine pandemics.

We've had two major economic shocks in twelve years and now its being stated outright that economic stability is not our highest priority.

In this case there is no need to read between the lines, only to see straight in front of you.

Whether 'health' or economic stability should take precedence is a matter of debate, but just as a fact economic stability does not take precedence and won't in the near future. In my opinion an alert person should include that in their financial planning insofar as they can.

Boggles · 07-02-2021 05:12PM

walus wrote: »

The path that the government has set us all on early last year, without even considering alternative measures, has nothing but exaggerated the effects that this pandemic will have on our society and economy going forward.

walus wrote: »

I would even take this further. Considering how deadly covid-19 disease is in comparison with a mother of all pandemics - Spanish flu, this pandemic would have caused a merely a blip in productivity, growth and economy at large should it not have been approached with conservatism, overreaction and a lack of critical thinking. The Spanish flu indeed caused serious hardship with businesses reporting a drop in revenues in a range of 30-70%. But that was a virus that killed an equivalent of today’s 150m people! If you think that cv-19 bears a comparable risk, you are living in a parallel universe.

You need to remember that this path that we are on right now has been formulated back in the early 2020 based on poor evidence and official deception. This strategy was based on assumption that 100-200k people were to die in Ireland alone from covid. Reality today is much different, yet we have not revised it and are not seeking more tailored approaches that consider time and location for restrictions. Mind boggling to say the least.

You do realize you are replying to yourself?

FintanMcluskey · 07-02-2021 05:24PM

growleaves wrote: »

We've had two major economic shocks in twelve years and now its being stated outright that economic stability is not our highest priority.

Which is an understatement!

The catastrophe facing the country for the next generation will be blamed on Covid, not the overcooked response to Covid in Ireland

Graham · 07-02-2021 05:34PM

growleaves wrote: »

its being stated outright that economic stability is not our highest priority.

By..........

Necro · 07-02-2021 05:36PM

Mod:

If you want to talk about the rugby, there's a forum dedicated to it folks - they even have a thread for the ongoing match! No need to bring it up here, thanks

ujjjjjjjjj · 07-02-2021 05:39PM

FintanMcluskey wrote: »

Which is an understatement!

The catastrophe facing the country for the next generation will be blamed on Covid, not the overcooked response to Covid in Ireland

Wait for years of hand wringing about unprecedented circumstances as they continue to pay themselves three figure salaries and tell you they understand the tough conditions the unemployed and low paid have to deal with......

growleaves · 07-02-2021 05:39PM

Graham wrote: »

By..........

By anyone who answers 'Yes' when posed with the question 'Is health [ie locking down] more important than the economy?'

07-02-2021 05:42PM

growleaves wrote: »

By anyone who answers 'Yes' when posed with the question 'Is health [ie locking down] more important than the economy?'

So inferred not stated. And is health not more important?

Graham · 07-02-2021 05:47PM

growleaves wrote: »

By anyone who answers 'Yes' when posed with the question 'Is health [ie locking down] more important than the economy?'

ahh, sorry. It wasn't clear.

For the duration of a pandemic, that probable makes sense.

josip · 07-02-2021 05:58PM

Graham wrote: »

I can't help but think some are unaware that the CMO/NPHET only make recommendations.

And one of those who is unaware is the CMO.

walus · 07-02-2021 06:10PM

Doctor Jimbob wrote: »

The fact we've have two major economic shocks in the past 12 years says far more about how our economies are run than it does about our response to a pandemic.

Believe it or not but cyclical recessions are a natural part of the market cycles. Perpetual prosperity induced by quantitative easing is a pipe dream. There has to be correction on a reckless and an unproductive investment. Capitalism without bankruptcy is like Christianity without hell. Zombie businesses should not be allowed to continue, they should be allowed to fall regardless of their size. This money printing that has been going on for some time now is taking this downside away, unfortunately. It is allowing the rich to capitalise gains, while the rest of us socialise their losses.

Kermit.de.frog · 07-02-2021 06:12PM

growleaves wrote: »

Kermit de frog (on this board)...

Eh, no I have not

Graham · 07-02-2021 06:28PM

Kermit.de.frog wrote: »

Eh, no I have not

don't worry, the subject is proving elusive on the BBC too.

07-02-2021 06:42PM

Graham wrote: »

don't worry, the subject is proving elusive on the BBC too.

The need to invent and enemy or falsified narrative has become very strange on the thread. Anyone who has not posted here since March will be surprised to find Fintan is now the most level headed among those who deny that restrictions are in any way necessary. Thing is, his argument has been consistent throughout and does raise some good points, the rest of the thread has amplified upon itself to the level where suggestions that 100 years ago holohan would have been been beheaded are somehow no longer viewed as extreme

PTH2009 · 07-02-2021 06:52PM

Those pictures they use on Extra are quite frightening

https://extra.ie/2021/02/07/news/irish-news/covid-cases-february-sunday-7-deaths-reopening-figures-taoiseach

FintanMcluskey · 07-02-2021 07:20PM

PTH2009 wrote: »

Those pictures they use on Extra are quite frightening

https://extra.ie/2021/02/07/news/irish-news/covid-cases-february-sunday-7-deaths-reopening-figures-taoiseach

Sunday’s figures come as Taoiseach Michéal Martin has shared his regrets over reopening the country before Christmas.

Unsettling statement, great excuse to justify lockdown this Summer for months after its required

Graham · 07-02-2021 07:22PM

Sunday’s figures come as Taoiseach Michéal Martin has shared his regrets over reopening the country before Christmas.

A more measured approach to opening over Christmas would certainly have left us in a better position than we've found ourselves in over the last few weeks.

Wasn't that one of the occasions where the government went against NPHET's advice?

ypres5 · 07-02-2021 07:29PM

FintanMcluskey wrote: »

Unsettling statement, great excuse to justify lockdown this Summer for months after its required

i get the feeling that the vaccine is going to make very little difference to nphet advice for some reason. ideally we should be opening up fully for good once over sixties and people with medical conditions are done

Dr. Em · 07-02-2021 07:29PM

Graham wrote: »

A more measured approach to opening over Christmas would certainly have left us in a better position than we've found ourselves in over the last few weeks.

Wasn't that one of the occasions where the government went against NPHET's advice?

Call me a cynic, but from what I can see, adherence to the rules has less to do with the strictness of the rules and more to do with surges in cases and death rates. More restrictions around Christmas would have had to come with truly draconian enforcement to be effective, and the Gardaí generally resist enforcing overly harsh rules - they know the public would not stand for it.

Graham · 07-02-2021 07:32PM

Dr. Em wrote: »

More restrictions around Christmas would have had to come with truly draconian enforcement to be effective

It would have taken very little effort to have hospitality as take out only.

We're paying for it now.

ypres5 · 07-02-2021 07:35PM

Graham wrote: »

It would have taken very little effort to have hospitality as take out only.

We're paying for it now.

is it really hospitalitys fault though? i notice the government have successfully scapegoated them for the hike in cases and have managed to avoid taking any flack for the charter flights from the UK at their expense

Graham · 07-02-2021 07:42PM

ypres5 wrote: »

is it really hospitalitys fault though?

I'm not saying it's their fault at all. Of course they're going to want to trade, they had an unbelievably tough year.

At the end of the day there was a trade-off.

Restrictions around hospitality were decreased at the same time as families were gathering. The result, that case numbers leapt up can surprises nobody.

We traded a couple of weeks of limited hospitality for an additional month or more of tighter restrictions.

ypres5 · 07-02-2021 07:46PM

Graham wrote: »

I'm not saying it's their fault at all. Of course they're going to want to trade, they had an unbelievably tough year.

At the end of the day there was a trade-off.

Restrictions around hospitality were decreased at the same time as families were gathering. The result, that case numbers leapt up can surprises nobody.

We traded a couple of weeks of limited hospitality for an additional month or more of tighter restrictions.

i honestly think flying people over from the UK did more to increase cases here than hospitality did. restaurants were open here for months previously without incident. whatever possessed the government into thinking chartering those flights was a good idea I just don't know

07-02-2021 07:47PM

Graham wrote: »

Thanks, I'll take a look on those sites.

While I've no doubt there will be other pandemics, I don'y buy into the 'routine pandemic' theory to be honest.

Interesting ideas but I don't personally expect to be basing my financial planning around impending routine pandemics.

I didn't expect to either, but I never would have imagined what has transpired over the last 11 months.

So far in my life I've had harsh experience with the 2008 recession in my mid 20s, now my industry is indefinitely shutdown in my mid 30s. 'Next pandemic' or otherwise, I expect more cataclysmic shíte in about 10 years or so.

I actually entered this pandemic in a decent financial position having learned some hard lessons in 2008-2010, I had savings to cover 4-6 months of trouble. That seems like a long time ago now though. Despite securing employment in another industry earlier in the pandemic, I have been wiped out in the last 6 months. Obviously in a brand new field with an irrelevant CV, no one is going to pay me even close to what my career of 20 years affords me to earn. I've gotten more training and even one payrise, but that doesn't change the fact that I'm earning just over 1/3 of my regular earnings. As such, legal letters started coming in my door at the end of January and I've been in contact with MABs.

Everyone's financial situation and outlook are different to each other's obviously, but given 2008 and 2020 I would be foolish myself not to expect or plan for more severe financial disruption in the not too distant future.

Graham · 07-02-2021 07:49PM

ypres5 wrote: »

i honestly think flying people over from the UK did more to increase cases here than hospitality did.

I've no doubt that contributed.

That was another tradeoff.

Our own returned from around the world to spend Christmas with their families in Ireland. That they'd want to do this is entirely understandable, no doubt at all.

The cost. Higher case numbers and extended restrictions now.

Relaxation of Restrictions, Part VIII *Read OP For Mod Warnings*

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Relaxation of Restrictions, Part VIII Read OP For Mod Warnings