Inflation

yup, i personally believe we re currently experiencing ideological collapse, and nobody really knows what to do about it, but there are some really good ideas out there in how to approach it, but most of these ideas arent making it into our politics at all, its very disturbing to watch unfold...

yea, i can understand why theres debates over these terms, but we must be adults now, and accept, something is going catastrophically wrong, and we better do something about it quickly, or else....

...the arguments by dmcw is related to credit, as in, its starting to dry up, typically this is the beginning stages of a recession, as the creation of new credit is a critical component of maintaining economic activities, when its starts to dry up, sh1t generally happens, so.....

again, most are actually employed by sme's, not the bigger companies, but theres far more protective measures in place for these bigger companies than the sme's, so....

There has been lay offs and talks about lay offs in some of the big names I thought?

People in that situation will be in trouble and will be looking to the government to step in. Problem is, if too many are looking for government support then the government may need to decide who to help and who to let sink. This is worst case I think, but a realistic scenario.

completely agree, we have completely failed, we ve been codding ourselves for years, if not decades, that everything is fine, but its clearly disintegrating, and quickly to! for example, the esri have said everything is looking hunky dory, i.e. theres clearly something that adding up here, its clearly obvious their models virtually have nothing to do with the reality of many, if not most!

Want to see how flawed those ERSI clowns models are look up there new model on owner occupied housing inflation, data took from 2013 and 2014 baring in mind this was made end 2019 and 2020. Its even more so flawed now as they weighted it to validate it by giving higher weight to long term rent vs new rentals, no more people are entering the new rental side that ever as small landlords selling up and moving back to dublin after covid lockdowns. There a shambles and only make models that suit certain agendas

jesus, i must do so, thank you

to be fair to them, i suspect is the fact their models are primarily neoclassically based, i.e. equilibrium based, dsge etc

They should. There is a lot that they could do. There is no motivation for them to do that though, as they are getting almost no pressure from the public, so they will enjoy their summer and wait till the budget.

It's all about a few multinationals with ireland.18bn corporate tax in last 12 months with likely 2/3 of this from MNCs. Half of all corporate tax from 10 large firms. Corporate tax make up quarter of all tax etc.

Then we have all the direct jobs these guys are providing nevermind the indirect jobs construction cafes etc.i don't see many small tech companies based out of Dublin, its all the big players...also pharma would unlikely to be hit that hard in a downturn. These guys are monopolies that are cash generating machines. I just think layoffs are unlikely.