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

Which part did you have trouble with?

That you made wide ranging claims without evidence, I've no doubt vulture funds are only out for themselves but they way they have been portrayed in recent years is borderline cartoonish.

We're off tangent from the thread but I reckon there's plenty of skeletons in both FG and FF cupboard that could implode either party at any moment. the way i see it is that compared to the past society is more liberal now on personal choice, but that liberality also extends to any policies that favours house prices being kept high; or basically liberal individual voters that also vote conservatively to prop up their asset values.

I consulted with the hawk, and he agreed.

I suppose we should get back on topic.

If you can't make money in the Irish property market at the moment, you're not trying very hard. Or you're a really bad business person

…although this can be very true, the real gains in property is in flipping the asset after some time, as prices are amongst the quickest to inflate over time….

there definitely is a serious problem in regards landlords being unable to appropriately evict problem tenants, but since theres virtually no public back up in housing, this is preventing such to happen, it shows the serious dysfunctions occurring within the market as a whole, evicting people with no alternatives available, would simply cause far more serious social dysfunctions. the whole process is a mess, and getting worse, we have to reintroduce appropriate numbers of public/social housing again into the system, in order to be able to implement appropriate eviction polices, but thats actually not gonna happen, so on we go….

…our current approach actually isnt truly working for either tenants or many landlords, but larger institutional landlords have far greater state and institutional protections in place, compared to much smaller, single landlords etc, smaller landlords are deeply exposed at the moment, but thats extremely common in many other sectors, as sme's are generally far more exposed to environmental market conditions compared to much larger, corporate entities etc…..

…its a serious mess….

…and little or no public/social housing is one of the main reasons why landlords simply cant evict people, so you either want you some sort of solution to our housing issues or you want even more dysfunctional outcomes, including for landlords…..

..i do actually agree with a deduction at source, but an increase in welfare payments would also be needed, as many are simply not paying rent as they cant meet their needs as is….

..increasing welfare would in fact obviously directly benefit recipients, but the economy at large, as most money received would be spent almost immediately into the economy, benefitting the businesses that receive these monies, therefore creating further jobs….

…oh god its god a hell of a lot to do with public v's private housing, as most western economies have moved away from a more public housing approach, and moved more so towards market based approaches, and surprise surprise, we re all experiencing the exact same housing problems, i.e. hyper inflated property prices, highly dysfunctional markets and serious supply problems….

…and surprise surprise, countries that have maintained a more state centric model in regards housing, are not experiencing as serious problems, although some problems in themselves, but no where near as serious as our approach….

…so fcuk yea, its got everything to do with public v's private, although the solution is clearly a mixture of both, but thats actually not going to happen, not this decade anyway, and maybe not even next decade either, so get ready….

Good news for supply chains given the chaos in the Red sea with many shipments having to go round Africa. Shipping from Chinese ports to Europe should be quicker and cheaper now the Northern Sea route has officially opened.

It is only an alternative, another option for businesses to conduct global trade without the worry of getting caught up in political matters. Of course most the world will join up, it will be quicker, cheaper and can use whatever currency you want. It's not the end of the world and perfectly legal, it's called progress.

Yes

So folks, the huge recession that was scheduled to happen following the market collapse two weeks ago, is that still on schedule or what’s the deal?