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

There seems to be endless low minimum wage jobs out there but IT, pharma have slowed way down.

Yeah, a lot of people in my age remember the 80s and high unemployment, anyone who had a job was minted so the narrative of a lot people in my generation is it's all cushy if nearly everyone has a job. They just don't appreciate that low wages attracts workers from much poorer countries who know they'll never be able to afford a house here so their plans remain short term.

Half of my Dublin born nieces and nephews moved elsewhere in Europe because even with their third level education they can't afford homes near their parents who never went to third level! The other half still live with their parents despite having solid employment.

The greatest irony is that those who live elsewhere in Europe enjoy affordable spacious apartments near everything.

Irish planning is obsessed with semi-d in a similar manner to the US obsession with single house homes in sprawling carmageddon.

back n 80’s leaving cert was the equivalent of a degree today and inter cert in 80’s was the equivalent of leaving today… a degree in the 80’s is probably the equivalent of a masters today….. I’m not judging the quality of degrees etc just saying that % of population holding them etc has increased massively

The thrust of my post is that planning has not adapted to meet demand of even high wage earners.

On top of their offspring now living affordably abroad they're stuck in a big house with zero comfortable options to downsize to in their Dublin suburb where they want to stay to be close to their friends.

If they could downsize comfortably they'd have a very comfortable wedge to winter in Spain now they're retired.

So thanks to the dominance of semi-d planning both parent and offspring options for life change are limited.

Someone else mentioned the 1980s, when you were minted if you had a job.

Another thing about the 1980s was that the economy grew every year, if I have understood the figures correctly, which allowed FitzGarbage to say that all was hunkydory, no really, all those people leaving every year were just on a gap year, it was a "lifestyle choice".
Unfortunately inflation was way higher than the growth in the economy, leaving us with an overall "negative growth" in the economy. I wonder if Fitzgarbage mentioned that reality?

Yesterday at 10.30 am?

asset markets have been largely doing well, but generally are a very poor indicator of whats occurring in other parts of the economy, pension funds are commonly invested in asset markets, best of luck with your investments

Rentals are unaffordable for those on minimum wage jobs, even when there are rentals available. Well paid employees no longer come over in great numbers or leave within a few months due to the rental issue. The economy is at a point where something needs to give to unlock the stalemate as further growth is being risked in a big way. Yet the government only cares about the next election so throws away some of that precious corporate tax revenue in a giveaway budget. For Ireland it seems that we are walking into a decline with our eyes wide open and no one can claim that it was not foreseen; everyone and his dog will still be blamed instead of the actual politicians in charge at the time who squandered the public monies.

The US war machine has been in operation for a few years now; the last step to take when an economy is failing is to go to war.

China is on the brink of unleashing massive QE into its economy as it is faltering yet again.

Interest rates are being cut in the Eurozone for the reason that the Eurozone economic performance has been weak.

Given the US economic performance being such an influence on the global economy, the game has now moved into the arena of politics and, no matter the winner, what starts to happen after the election is going to be an indication of what will happen globally.

You forgot; a tweet with alarm bells on it and a graph with a big spike in it with the phrase "something has to give"

and don’t forget about the boomerangs!!!

theres high quality titanium, then theres sh1te quality titanium, then theres those that try to claim sh1te quality is actually high quality, seems to be turning up more and more across some sectors, which is deeply concerning, was lucky to work in the aviation sector for a while, working directly with high quality titanium, lovely material to work with, very malleable