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Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

A global recession is on the horizon - please read OP for mod warning

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  • Registered Users, Registered Users 2 Posts: 414 ✭✭dorothylives


    I noticed it was unusually busy in my local shopping centre on Saturday. People looked to be stocking up on salad and BBQ stuff and booze and I heard a few people talking about heading off to the coast for the weekend. It was very hot and I'd say there were a lot of back yard BBQ's which might account for it being quiet in pubs and restaurants. Looking at the chaos at airports around Europe I won't be bothered flying abroad and I wouldn't pay the insane prices being asked in Ireland so I won't be taking a holiday this year.



  • Registered Users, Registered Users 2 Posts: 414 ✭✭dorothylives


    Can you save this stuff for the Russia thread please?



  • Registered Users, Registered Users 2, Paid Member Posts: 29,985 ✭✭✭✭_Kaiser_


    Or better yet, leave it out entirely. Just block the poster if it bothers him so much.



  • Registered Users, Registered Users 2 Posts: 3,229 ✭✭✭Sweet.Science


    The housing market has defo calmed down from the madness of the past 18 months . I say that as someone who has bought in that time so have no agenda.



  • Registered Users, Registered Users 2 Posts: 414 ✭✭dorothylives


    I got a leaflet through the door the other day from an educational place. Their students can't find accommodation so this place was looking for anyone within 15km of the town to basically take them in as lodgers. 90 euro a week for board or more if you feed them. I thought to myself that they'd be very lucky to find anyone willing to rent a room for that. The last time I looked there was only 1 room available for rent and that was 600 a month. The College isn't short of money either, it was a slick glossy A4 flyer delivered by An Post.



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  • Registered Users, Registered Users 2 Posts: 7,669 ✭✭✭brickster69


    Italian TV just announced emergency measures in preparation for this Winter.

    Max 19 degrees in the home

    50% of street lighting to close

    Shops close at 7

    Bars close at 11

    Air con never below 25 degrees

    ita.png


    Niccolò Machiavelli :

    "To ally with great powers to defeat your neighbour is a strategic trap; if you win, you become the slave of the greater power; if the allied power is defeated, you remain alone and defenceless against the angry neighbour, and you are destroyed." - Niccolò Machiavelli



  • Registered Users, Registered Users 2 Posts: 20,578 ✭✭✭✭road_high


    That’s definitely something that has gone to pot post covid- opening hours are much curtailed vs what they used to be.

    I noticed that in any shopping centre I’ve been in on either Thursday or Friday nights they are not all open late until 9- mainly just the main tenants or supermarkets now. Even go back to the 1990s and late night opening was a thing those nights.



  • Registered Users, Registered Users 2 Posts: 20,578 ✭✭✭✭road_high


    90 euro a week plus bills and food? That’s a pisstake



  • Registered Users, Registered Users 2, Paid Member Posts: 1,452 ✭✭✭Sammy2012


    How will they be able to ensure that home temps will never be above 19 and air con below 25? My thermostat wouldn't be much higher than 19 here in ireland in the winter.



  • Registered Users, Registered Users 2 Posts: 414 ✭✭dorothylives


    That's what I thought. Still, it might appeal to some people, not to me though.



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  • Registered Users, Registered Users 2 Posts: 7,819 ✭✭✭timmyntc


    The thermo-stasi come door to door to check your homes temperature



  • Registered Users, Registered Users 2 Posts: 7,819 ✭✭✭timmyntc


    Euro has just hit parity with the Dollar. Lowest point in 20 years. Any drops in oil prices overshadowed by decrease in Euro purchasing power.

    Question now is, how low can the Euro go?



  • Registered Users, Registered Users 2 Posts: 7,669 ✭✭✭brickster69


    Niccolò Machiavelli :

    "To ally with great powers to defeat your neighbour is a strategic trap; if you win, you become the slave of the greater power; if the allied power is defeated, you remain alone and defenceless against the angry neighbour, and you are destroyed." - Niccolò Machiavelli



  • Registered Users, Registered Users 2 Posts: 7,669 ✭✭✭brickster69


    Nothing wrong with planning for a possible recession. Some cities are starting to get prepared early just in case.


    Niccolò Machiavelli :

    "To ally with great powers to defeat your neighbour is a strategic trap; if you win, you become the slave of the greater power; if the allied power is defeated, you remain alone and defenceless against the angry neighbour, and you are destroyed." - Niccolò Machiavelli



  • Registered Users, Registered Users 2 Posts: 8,235 ✭✭✭Pussyhands




  • Registered Users, Registered Users 2 Posts: 644 ✭✭✭Darth Putin


    Scare mongering the plan to do without gas in Germany is for residential gas to be cut last, factories first

    most of Germanys gas use is industrial not home heating



  • Registered Users, Registered Users 2 Posts: 463 ✭✭dockysher


    I was out Friday evening local pub and restaurant, small town. Place was busy, probably the good weather too helps. Was in Galway city Saturday then for food and drinks. Was packed literally ever pub and restaurant I passed or went in too all day and night.

    More people going on holidays than ever too last few weeks. Weddings, parties nearly ever weekend around home.

    I struggle to see where people see this so called recession and people struggling for money.

    Cause I certainly don't see it.

    Galway races in two weeks time be busier than ever too and millions spent.



  • Registered Users, Registered Users 2 Posts: 970 ✭✭✭bob mcbob


    On TV last night an analyst indicated that Sri Lanka could just be the canary in the coalmine. It looks like a lot of emerging countries are in trouble.

    The International Monetary Fund too has said that nearly 60% of low income countries are either in, or at high risk of, debt distress.

    Analysts at investment firm Tellimer this week highlighted how a record 27 emerging market countries now have eurobond yields above 10%.

    Those yields are a proxy for what a government has to pay to borrow in the international capital markets and anything above 10% is generally seen as a sign of trouble.




  • Registered Users, Registered Users 2 Posts: 644 ✭✭✭Darth Putin


    Is there anything factually wrong with what I posted?

    Instead of having a circle jerk about impending doom let’s have a reality check

    The hysterical screams of “people will freeze this winter” are just that, hysteria furthered by Russian propaganda



  • Registered Users, Registered Users 2 Posts: 3,229 ✭✭✭Sweet.Science


    Yeah I seen that aswel for Spanish students . Probably only breaking even after dinners and bills lol



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  • Registered Users, Registered Users 2 Posts: 7,819 ✭✭✭timmyntc


    Residential gas is not free, if it gets to the stage where there is genuine shortages, even if industry gets cut first, the price of domestic gas will be so high as to leave most people unable to afford heating. Either heating or crippling debt. Hell, prices could remain as is through the winter and many would not be able to afford heating as it stands.

    Take your fingers out of your ears and stop crying "russians" and get clued in to the real world for a change.



  • Registered Users, Registered Users 2 Posts: 644 ✭✭✭Darth Putin


    Which is where governments step in with fuel subsidies especially for poorest.

    Running around shouting “omg sky is falling” is exactly what my namesake wants gullible people to do.

    In meantime Europe now gets more gas from US that Russia



  • Registered Users, Registered Users 2 Posts: 8,235 ✭✭✭Pussyhands


    There's a reason the west announced their equivalent of belt and road.

    They'll "rescue" these countries in exchange for handing over their resources.



  • Registered Users, Registered Users 2 Posts: 4,617 ✭✭✭joseywhales


    We have these places in the US, during particularly cold periods, the homeless or just the poor would die if they didn't offer them a warm place for a few hours a day. It's a very good thing, you can also take the opportunity to get a hot meal into them.



  • Registered Users, Registered Users 2 Posts: 888 ✭✭✭bb12


    i'd be sceptical that they'd definitely cut supplies to industry first over residential. esp in tough economic times. they'll want to keep the wheels turning

    really, it's up to every one themselves whether they want to prepare for whats ahead or not. there's been plenty of warnings for everyone since the beginning of the year. i've been putting some essential stuff aside for the last couple of months just in case. also because my house is all electricity, i've bought in some gas stove cookers etc to be able to cook during powercuts...also led lanterns and such like...stuff really that everyone should have on hand anyway.

    i definitely think there will be rolling powercuts this winter. interestingly a few weeks ago, the electricity here was cut at 6am one saturday morning for 3 hours without any prior warning or any faults noted anywhere. my next door neightbour who is actually on a different supply line had the same thing happen to them. maybe it was the esb practising for what is to come? or maybe i'm just too much of a conspiracy theorist!!



  • Registered Users, Registered Users 2 Posts: 7,819 ✭✭✭timmyntc


    just print more money and subsidise gas - what could go wrong?


    Oh no the price of gas has just shot up, who could have seen this coming!



  • Registered Users, Registered Users 2 Posts: 7,669 ✭✭✭brickster69


    Totally agree, nothing wrong at all with being prepared for a possible worst case scenario. It's a lot better than being unprepared.

    Niccolò Machiavelli :

    "To ally with great powers to defeat your neighbour is a strategic trap; if you win, you become the slave of the greater power; if the allied power is defeated, you remain alone and defenceless against the angry neighbour, and you are destroyed." - Niccolò Machiavelli



  • Registered Users, Registered Users 2 Posts: 644 ✭✭✭Darth Putin


    That’s what we do in western social democracies

    Support people in financial trouble with welfare

    Do you have an issue with that? The alternative is poor people dying (US) or poor people being send to die for dear leader like my namesake (Russia)



  • Registered Users, Registered Users 2 Posts: 8,235 ✭✭✭Pussyhands


    fake



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  • Registered Users, Registered Users 2 Posts: 9,381 ✭✭✭Yurt2


    What do you think China has been up to?

    Above par interest rate loans with short maturity dates, with strings attached to corrupt CCP insider construction firms, building white elephant projects. Check out the ridiculous airport built in the middle of nowhere in Sri Lanka. Empty cricket stadiums.

    IMF and Asian Development Bank loans come with lower interest rates and longer maturity. They are audited to ensure money isn't sank into the pockets of political flunkies. Sri Lankan elites stuffed their pockets with Belt and Road money and the people got pointless projects built by Chinese goons.

    Chinese Belt and Road loan terms are directly responsible for Sri Lanka's misery, yet you push garbage about "the West".

    Open your eyes.



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