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

Prices are rising again because OPEC oil producing states are cutting production in concert to keep them high - at least that is what your 1st article states.

I don't think G7 countries really wanted to keep same levels of Russian oil flowing, they wanted to choke Russia's fossil fuel earnings either by the Russian output falling or the price being depressed (idea of a cap).

I suppose that is proving hard when they don't control output and many of the producers are all working as a cartel (whole idea of OPEC) to raise their prices.

On the environmental problem, well that is entirely on Russia and their "clever" buyers and all those enabling such risky practices if oil swapping at sea ends in a serious f-ckup.

Could even have one bright side in that the dirty old rusting hulks carting the Russian crude oil about the place will get banned from many more ports and more waterways after the fact.

ah some were living on the roads in the 80s, vehicles and roads were far worse to....

..yea the current situation is fairly fcuked alright, but you can see anger and frustration is rising rapidly now, so.....

You forgot to mention the unemployment and total lack of jobs at the time.

Spot on….schools had heating on for one hour a day…can you imagine the outcry if that happens today…. Having food on table back then was a struggle and civil servant jobs were the equivalent of the top paying tech jobs of today. If you got one you really hit the jackpot.

You don't seem to have a clue about Ireland in the 80s in fairness (too young, or a recent immigrant who thinks this country was always a typical rich and fat "Western" nation). Edit: why should you want or need to know, I suppose...

I'm Irish and grew up in the seventies /eighties. I remember big families and plenty of craic despite less material stuff. My father had a state job so we didn't go hungry and my mam would make sandwiches if we were going places and we rarely ate out (special occasions e.g. confirmation). When I went to college I slept on a mattress on a floor with no central heating. I remember renting with my wife and ice on the inside of the house window etc.

Since kids, our eldests best friend went into emergency accommodation, we discovered at our middles birthday that his friend was living in emergency accommodation. Our middle and youngest best friend was evicted, etc

Interest rates were high in the 80s and there were less opportunities but there were options if you had a job and if you didn't there were options to emigrate.

It's harder now for people to leave their elderly parents when they have a job but what kind of life is it if they can't afford to buy a house or have kids? Seriously, 40 and living home with mammy? I genuinely think I'd prefer to live by the side of the road.

I think for many, things are worse now than in the eighties.

Sorry for the long reply, I found your statement incredibly rude and offensive so you set me off. I think I'd just tell you to f off if you spoke like that to me in real life...

Maybe I am odd, but I think I'd rather live with mammy or the mammy in law than be without a home thank you.

Ireland definitely has problems today that are harming people badly, such as you relate. I don't deny that. A lot of them are problems of rapid growth and shortages, of bad planning (in all senses)/short termism, bad systems, poor quality govt. and public aministration pretty much.

Thankfully, young people can now get educated to quite a high level at reasonable cost (the fees part anyway) and are also less likely to need to leave here to get a job now. They have also I think have much less toleration for the failure and are expecting better than back in the 70s-80s. They expect Ireland to be right up there with the best places to live in the world, rather than a pretty poor and corrupt low/falling population, insular + isolated Western country that was close to the economic/development level of the old Warsaw pact second world (I think the stats on 80s Ireland would probably bear that out if I was to bother looking). So I try and be a bit more hopeful for our future despite all the bad news, unlike default on this thread (the subject is usually indications of a Western or European economic armageddon/nightmare, rather than a mere "global recession"!).

It's okay, you already told me, pretty much unprovoked (well maybe a bit provoked....) as I recall to go and "f-ck off" a few pages back in case you have forgotten (try that to someones face!). No problem - I mostly did but was still reading! Don't think I was was ever as rude to you beyond sarcastically questioning your lived experience of the 80s in Ireland and ability to compare given your posts, no need to be so precious.

I agree, the younger generations are highly entitled and don't work as hard as previous ones.

Also, I don't see any issues of living with mommy later in life, at least you have a roof. Plenty do in other countries around the globe.

100 rubles to the USD today.

In the 1980s people without jobs emigrated. In the 2020s people with jobs are giving them up and emigrating.

That's the main difference.

Gas... Barristers are on strike.

Diamonds next.

In the meantime the USA doubles uranium imports from Russia

https://www.intellinews.com/us-uranium-imports-from-russia-more-than-double-in-6m23-290685/

Nobody anywhere points to hypocrisy because USA.

I vote to sanction Russian uranium 🇺🇲🇺🇸

..

Yeah the IMF and Germany would definitely have lifted there foot of our throat and allowed us to build houses at a time when there were ghost estates and people emigrating. If only we asked nicely!!!

The magic money tree of corporation tax was only a sapling back then. What is people's consensus of corporation tax in future? Seems to be a lot of unfavorable articles in the last month or so. Seems poor enough when you factor in inflation.

https://www.irishtimes.com/business/2023/10/03/corporation-tax-take-slips-to-18bn-in-september/