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

Could almost be The Onion

"Shock as no sign of global recession despite best efforts to make one happen by cherry-picking bad economic news and posting it on local forums"

Interesting that the gold price has doubled in the last 12 months. It might not have anything to do with a recession but it is odd as volume traded hasn't moved much in the same time, just more USD chasing it.

Yeah, I really don't understand why Ireland voted for the tariffs on cars when we don't make cars.

It will affect our agri exports to China so I can imagine a quick about-face once that sinks in.

Australian wine exporters got slapped with triple tariffs when the Aussies were pursuing the covid lab conspiracy, now they've kissed and made up and relations are reset because the Aussies were reminded that China is their number 1 export market.

Now the Chinese car makers use the Aussie market like a test market for the rest of the western economies. I wouldn't be surprised if we end up with a secondhand ev market from Australia like we have with ice cars from Japan.

that will further push up house prices and affordability! Will tip us over the edge to recession I bet!

I just did a quick search for "microsoft jobs Ireland" in the date range of 2005-2023 and annual announcements of either new jobs or job cuts seems the norm. In 2023 they were cutting jobs.

It's more like a standard recruitment buzz announcement really, but with this years buzzword AI added into the standard press release.

What is?

The chat in my circle yesterday was very negative arising from Trump's victory and the potential negative consequences for the Irish economy. One person talking about cancelling an expensive house extension he has planned. Others in the group expressing significant fears. Possibly an isolated reaction but it will be interesting to see what evolves.

Specifically, that many multinationals would close down their Irish operations completely or partially.

I think it feels catastrophic if you believe like Trump that the US is the world economy.

I can imagine all those Irish who've acquired an internet US accent are either feeling devastated or embullient now.

For me I think he's just the more crude and blunt representation of the US exceptionalism that always been there in my lifetime

ah ffg will end up in trouble anyway, as theres gonna be very little movement in relation to critical issues such as housing, as the ffg plan is never gonna work, so we ll experience a continual rise of the extremes, and it ll be surprising the amount of people that buy into it, and it ll be very very messy, thankfully those extremes have little or no chance of getting into government here, but the opposition is gonna get very messy….

an administration is so much more than the person themselves, and the trump one is filling with all sorts of questionables, if they go full tilt tarrifs, theres gonna be problems, this will be inflationary, and would probably eventually result in an american recession, so….

…and it looks like theres gonna be a fed fight to, so thats a bit sketchy to say the least…

He has 18 months to two years to have any effect. Mid terms in 2 years will swing things again. Lame duck presidency after that.