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

trump doesnt give a shite, he also doesnt truly understand the issues with tariffs, but again, also doesn give a sh1t, as wealthy individuals such as himself are fine no matter what state the economy is in, and the fact if tariffs are introduced, resulting in a recession, this is also a win win for wealthy folks such as himself, again, he doesnt give a sh1t!

although his is a bluffer, and may not truly go ahead with damaging tariffs, again, he doesnt give a sh1t!

maybe, we actually have no clue, but you can be damn sure, him and his wealthy mates will do just fine out of all of this, and the little people, his voters, well, theyre screwed!

Gas prices having an end of year surge for some reason. Maybe down to Qatar threatening to halt supplies or something. Good job we have Trump to rely on now.

Didn't take long. Now they are hacking the US treasury, won't be long before these Ev's start blowing up around the world or something.

The US will always succeed no matter who the president is. He will be a calamity but it won't matter in the long term. Also he has no backbone, so he will flip flop when things start to slide , in the end he will let the adults make the decisions, he will be in charge of the clown show.

https://www.reuters.com/world/china/china-plans-411-bln-special-treasury-bond-issuance-next-year-sources-say-2024-12-24/

money printers in China go “brrrr”

Ageing/Shrinking population will limit China economically by 2050 - not sure even they can communism their way out of that one.

it aint going anywhere, as we have no way of truly moving on from it, and it has probably become too complicated to introduce any sort of alternative, the dollar is here to stay as the global reserve….

Thread was started in 2022.

It’s probably only in the last few months that I’ve started to agree with the thread title.

A LOT of jobs going right now in the global multinationals - BP just announced approx 7% cut in global workforce just yesterday -an extremely over heated property market - a lot of personal debt too.

Where I’m not seeing huge money spent is the new car market - EVs are not selling in the numbers required to meet targets -in Ireland at least (albeit places like Norway have knocked EV targets out of the water)- I reckon a lot of the “spare” money has gone on increased mortgage repayments due to ever increasing house prices and higher interest rates over last few years.

If I were mortgaged to the hilt, I’d probably not purchase a new car right now, especially if working in an employment volatile industry.

A lot of the previous recession was caused by simple greed - housing supply or lack thereof is fueling greater debt this time - hope it ends well .

It’s probably a time to be more cautious financially - buy needs more than wants. Upgrade heating systems or windows - that sort of thing as opposed to buying a flashy new EV that will need charging half way to Cork and will out date and depreciate quicker than an iPhone - lack of housing supply and high rents are killing business right now in all sorts of ways - it’s the number 1 issue to sort- I just hope there’s a soft landing if a recession does hit and that it doesn’t turn to depression - Companies are changing their tune on hybrid working essentially trying to push out staff without redundancy - it will probably work to a degree but large Irish cities can’t sustain the demand for homes right now meaning hours of commute for people

Agree with you generally but I do wonder about the extent to which Irish emigration appears as headlines or social media posts versus the actual numbers.

I see the figures for April 2023-April 2024. In that year, 34,700 Irish people left, yet another 30,000 returned. A net loss of 4,700 Irish people.

https://www.cso.ie/en/releasesandpublications/ep/p-pme/populationandmigrationestimatesapril2024/keyfindings/

I won't include the entire population of the country as very unlikely people in their 80s are emigrating frequently. But if we take into account that 40% of our population are composed of 15-44 year olds, we'll say that's 2 million people. So 4,700 Irish people met emigrated out of that population of 2million. An extremely low number.

https://www.cso.ie/en/releasesandpublications/ep/p-mip/measuringirelandsprogress2022/society/#:~:text=Ireland%3A Population distribution by age group&text=The proportion of the population,2013 to 25.3%25 in 2023.

There are people emigrating due to housing supply problems. And I fully agree there is a dire situation in relation to housing in this country. No debate there. I'm just wondering about actual long term emigration.

The figures would indicate a very small percentage overall are emigrating. And where they are emigrating, it's for a year or two to try somewhere else, before returning. Because the figures reflect that too.

There are headlines and stories that generate lots of clicks and engagement. One I recall is 70% of 18-24 year olds "considering" emigration. When I was that age, yes I'd have ticked a box on a survey and liked the idea of heading off somewhere. A "who knows, I might" type thing. That doesn't mean anywhere close to that number are emigrating. Again, the figures reflect that. Or we'll here of someone off to somewhere, and don't hear or read a headline when they return.

Quick adjust the script. Aren't you the poster whose spent years here claiming the dollar is about to collapse and that central banks everywhere are insolvent and all that..

The number of doctors and nurses employed by the HSE has increased strongly.

Yep and they are mainly foreign. No problem with that of course but our own healthcare staff are leaving.

…gold is not money, the world went off that standard a long time ago, its now just an asset, credit has always been the predominant form of money, continuously confirmed by historic research, anthropologists have continuously been finding credit ledgers from our historic past!