THE OFFICIAL AFTER HOURS RECCESION THREAD

all the stars · 26-09-2008 09:40AM

:eek::eek: recession :eek::eek::eek:

oh wait... i was always broke and could never afford a house... oh, its just like every other day.... :cool:

Mrs_Doyle · 26-09-2008 09:54AM

I don´t think this reccesion is such a bad thing. I think it will bring the house prices down to a more reasonable level, and will have the service industry rethink some of their charges too.

Wibbs · 26-09-2008 10:13AM

Yea house prices going down is all very well, but if no one has the confidence to buy or the banks don't have the confidence to give out mortgages then it won't really matter.

IMHO this recession may turn out way worse in the years to come. Worse than previous indeed. The big diff this time was the amount of cheap credit in the hands of the man and woman in the street. people simply didn't cut their cloth to their measure. They didn't cop that sooner or later they would have to pay the piper. Now they will.

That cheap credit really took off here and I reckon Ireland in particular will really feel it. A hell of a lot of our money is dependent on the US and with them tightening belts and china and poland looking much cheaper then they'll go there. If only dell and intel left here we would be in trouble. We also didn't build decent infrastructure when we had the chance and our labour costs keep going up so getting more investment in here is going to be very very difficult.

mud · 26-09-2008 10:58AM

IF Dell leave? They are quietly packing their stuff and cleaning out their desks, it's gonna be so bad when they finally admit it

I predict the new year for the announcement

26-09-2008 11:12AM

AlmightyCushion wrote: »

Sure it'll be grand.

Easy for you to say, you're a fecking cushion

SimpleSam06 · 26-09-2008 11:14AM

Wibbs wrote: »

IMHO this recession may turn out way worse in the years to come. Worse than previous indeed.

I agree with you there. Most people keeping an eye on the financial situation over the last few years have known there was going to be trouble, but whats going on out there defies belief. There will be serious changes by the time the dust has settled.

We live in interesting times.

Joeface · 26-09-2008 11:20AM

A yes the Reccession,
We are too expensive in everyway

not me though Im worth every penny off wages, I dont know about ye but I have been in a Reccession for the last 4 years, Company has fought of closure twice , before the rest of the country went in to reccession.No raise for 4years.

Now its up to Cowen and his minions to see if they can go from Reccession to Depression , quicker than Boom to Reccession. I bet Bertie saw the Books and went "Jasus im outta here before it all goes wrong , hey Brian do u want this job i think i will retire"

27-09-2008 11:40AM

SheroN wrote: »

JP Morgan took them over, not the feds.

WaMu was first seized by the FDIC, before JPMorgan Chase & Co acquired the banking assets of WaMu. So we were both right, given that the later purchase was facilitated by the feds.

SEATTLE, Sep 26, 2008 (BUSINESS WIRE) -- WASHINGTON MUTUAL, INC. announced today that it has, together with its wholly-owned subsidiary, WMI Investment Corp., commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The chapter 11 filings were a result of the appointment, by the Office of Thrift Supervision, of the Federal Deposit Insurance Company as receiver of Washington Mutual Bank, Washington Mutual, Inc.'s banking subsidiary on September 25, 2008.
SOURCE: Washington Mutual, Inc.

JPMorgan Chase & Co (NYSE: JPM) acquired Washington Mutual Bank from Washington Mutual Inc. (NYSE: WM) for $1.9 billion on September 25, 2008. JPMorgan Chase & Co. acquired all deposits, assets and certain liabilities of Washington Mutual Inc.’s banking operations. JPMorgan Chase will not acquire any assets or liabilities of the banks’ parent holding company (WM) or Washington Mutual Inc.’s non-bank subsidiaries. The transaction excludes senior unsecured debt, subordinated ... debt, and preferred stock of Washington Mutual’s banks. The deal does not include any branches of Washington Mutual in New York City. The transaction was facilitated by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation.

R0ot · 27-09-2008 12:11PM

Here's to all those people that left after the JC to take up that lucrative building/trade occupation! Here is to laughing my ass off at your expense lads. :pac:

Gummy Panda · 27-09-2008 12:18PM

Did i see mention of the D word?

NO!! i don't want to live like the Waltons. That show sucked.

TheDude2008 · 27-09-2008 01:53PM

Im delighted we are in recession hope it lasts for years and turns into a depression. All those idiots who for the last number of years talked about nothing only property and how many houses they had and looked down on everybody else, well now there ****ed negative equity in debt

:D:D:D i love it its karma. Now i might not have a job at the moment but i dont care i can easily live on 200 per week easy, can we say the same about the spoilt boys and girls of the last few years, no chance , but they will have to get used to it now wont they when more of them go on the dole. Plus most of them are ****ed with credit card bills and the like

:D:D im delighted no more snooby stuck up women who think the world owes them a living , not any more girls you will be on the rubbbish heap like the rest of us and you had better get ure attidude in order:D:D:D cant wait this is going to be the best ever. And me im sorted never brought a house that is now in neqative equity never had a credit card or overdraft but saved instead now i can afford to buy a property in a year or 2 when they are for sale for half nothing:D:D:D then i will be laughing at all the idiots who were laughing at me the last few years.

Pighead · 27-09-2008 01:56PM

TheDude2008 wrote: »

then i will be laughing at all the idiots who were laughing at me the last few years.

People shall be laughing at you forever and ever, regardless of the economic climate.

genericgoon · 27-09-2008 02:11PM

reggiethefirst wrote: »

I blame the developers. They ****ed everything up.

Yes, they really should have debugged it before release. But I'm sure the Early Budget and Bank and Developer Bailout patches will sort it all out. :pac:

TheDude2008 · 27-09-2008 04:18PM

lol pighead are you one of those stupid young professionals who brough into the property market brought into the dream , what a idiot you are, i hate young professinals like you, ye are as dumb as each other and the vested interests sold ye a puppy only ye were too stupid to realise it, now off you go and have a latte you idiot.

Piste · 27-09-2008 04:25PM

I bet you're working class.

dotsman · 27-09-2008 06:32PM

TheDude2008 wrote: »

Im delighted we are in recession hope it lasts for years and turns into a depression. All those idiots who for the last number of years talked about nothing only property and how many houses they had and looked down on everybody else, well now there ****ed negative equity in debt :D:D:D i love it its karma. Now i might not have a job at the moment but i dont care i can easily live on 200 per week easy, can we say the same about the spoilt boys and girls of the last few years, no chance , but they will have to get used to it now wont they when more of them go on the dole. Plus most of them are ****ed with credit card bills and the like :D:D im delighted no more snooby stuck up women who think the world owes them a living , not any more girls you will be on the rubbbish heap like the rest of us and you had better get ure attidude in order:D:D:D cant wait this is going to be the best ever.

Personally, one of the first cutbacks we need to make is remove people who are too lazy to work from the dole. Perhaps we can dump them all on one of the islands in the west and let them fend for themselves rather than scrounge off the rest of us.

TheDude2008 wrote: »

And me im sorted never brought a house that is now in neqative equity never had a credit card or overdraft but saved instead now i can afford to buy a property in a year or 2 when they are for sale for half nothing:D:D:D then i will be laughing at all the idiots who were laughing at me the last few years.

Good luck trying to buy a house with no job.

Pighead · 27-09-2008 06:40PM

TheDude2008 wrote: »

lol pighead are you one of those stupid young professionals who brough into the property market brought into the dream , what a idiot you are, i hate young professinals like you, ye are as dumb as each other and the vested interests sold ye a puppy only ye were too stupid to realise it, now off you go and have a latte you idiot.

Nope you got the wrong guy there buddy. Pighead lives in a rusty wheelbarrow at the bottom of a garden owned by a smelly old man called Danno. Pighead laughed at you earlier on because of your buffoonery. Nothing more, nothing less. You sound like a buffoon and Pighead laughs at buffoons.

gixerfixer · 27-09-2008 07:01PM

Have to say there is an upside to this recession. All those twats down in Dundrum snobbing centre who walk around like they are a character from sex and the city will have to go down to the dole office and stand with the average joe and janes of this country in the queue. They might even have to get the bus down there and sell there mini coopers :pac:. That one makes it all worth it.

4zn76tysfajdxp · 27-09-2008 07:12PM

TheDude2008 wrote: »

Im delighted we are in recession hope it lasts for years and turns into a depression. All those idiots who for the last number of years talked about nothing only property and how many houses they had and looked down on everybody else, well now there ****ed negative equity in debt :D:D:D i love it its karma. Now i might not have a job at the moment but i dont care i can easily live on 200 per week easy, can we say the same about the spoilt boys and girls of the last few years, no chance , but they will have to get used to it now wont they when more of them go on the dole. Plus most of them are ****ed with credit card bills and the like :D:D im delighted no more snooby stuck up women who think the world owes them a living , not any more girls you will be on the rubbbish heap like the rest of us and you had better get ure attidude in order:D:D:D cant wait this is going to be the best ever. And me im sorted never brought a house that is now in neqative equity never had a credit card or overdraft but saved instead now i can afford to buy a property in a year or 2 when they are for sale for half nothing:D:D:D then i will be laughing at all the idiots who were laughing at me the last few years.

Yeah, you sound like you have it all figured out alright. But let me ask you, why aren't you out there with your sage-like knowledge of how the world works earning millions instead of sassing off to strangers with no regard for spelling and grammer? Why aren't Donald Trump, Rupert Murdoch or any other billionaire shaking in their gilded boots in fear of you? I know a thing or two in addition to your fine self. For example, here's a tip on how to make purchasing property easier for yourself:

1. Get a ****ing job.

Now with that and your own wisdom, you should be free to make fun of the "snooby" women all you like free from being a burden on society.

RYR154 · 27-09-2008 07:15PM

No matter what way we look at it the recession is now here (has been coming for about 3 years now) and we have to live it.

Its not just the building trade that’s been hit. I would like to hear from people in other businesses (not the building game) just to get there feedback on how business is going for them.

We hear all the figures but we never hear from the little guy running a little business with just himself and one other employed.

I'm in the barber trade and I can tell you its really slowed down big time. I know of other shops are being hit the same.

Its hard to get a feel for business in the real world. We all hear from SME but that’s normally larger businesses with up to 10 or so employees.

So if anyone has a small business then I for one would like to hear from them.

Piste · 27-09-2008 08:07PM

gixerfixer wrote: »

Have to say there is an upside to this recession. All those twats down in Dundrum snobbing centre who walk around like they are a character from sex and the city will have to go down to the dole office and stand with the average joe and janes of this country in the queue. They might even have to get the bus down there and sell there mini coopers :pac:. That one makes it all worth it.

So the people who would otherwise be contributing to the economy will now be on the dole...and this is an upside is it?

You haven't really thought this through, have you?

AlmightyCushion · 27-09-2008 08:30PM

Pighead, thedude, shut up.

swingking · 27-09-2008 08:44PM

I smell a troll by the name of "the dude"

Ulysses Gaze · 27-09-2008 09:18PM

Really can't see why people seem to want an economic apocalypse to occur in Ireland....do you really want the country to return to the dark days 80's with tens of thousands (including yourselves maybe) being forced overseas to work?

genericgoon · 27-09-2008 09:43PM

dotsman wrote: »

Personally, one of the first cutbacks we need to make is remove people who are too lazy to work from the dole. Perhaps we can dump them all on one of the islands in the west and let them fend for themselves rather than scrounge off the rest of us.

How Cromwellian! I love it. :pac:

TheDude2008 · 27-09-2008 09:55PM

lol what a bunch of twats, im happy to be on the dole i love it, do you think i would work for 8.65 a hour , not a chance. Ye are the idiots who are up 2 ye eyes in debt not me

:D:D:D, see ye down the dole office ye fools who believed in all the hype, this country is ****ed and we will be worse than the eighties, cant wait myself looking forward to it:D:D:D

dotsman · 27-09-2008 09:58PM

genericgoon wrote: »

How Cromwellian! I love it. :pac:

It's just one of the many policies I shall implement upon becoming "Dictator-for-Life"

copacetic · 27-09-2008 10:06PM

TheDude2008 wrote: »

lol what a bunch of twats, im happy to be on the dole i love it, do you think i would work for 8.65 a hour , not a chance. Ye are the idiots who are up 2 ye eyes in debt not me :D:D:D, see ye down the dole office ye fools who believed in all the hype, this country is ****ed and we will be worse than the eighties, cant wait myself looking forward to it:D:D:D

ever think that maybe with a lot less people in work we might stop paying you for leeching off the rest of society? i.e us idiots might stop being idiotic enough to fund lazy wasters who can't fend for themselves and are proud of it?

greatgoal · 27-09-2008 10:09PM

lived through one reccision in the 80s rearing 4 young kids,all grown up now,30 years servicie in the job,house long time paid for,missus has a good job,snug as a bug this time around,god love any young families facing this scourge that has been forced upon them by a totally incompetant government,its not going to be easy to pay back that all important mortgage but persevere,you can survive ...we did.

RYR154 · 27-09-2008 10:09PM

I'm sure no one wants a recession. Sadly there are people like the dude who work very hard at coming up with excuses why he should not work. There are also people who think they are property tycoons just because they bought a house in a country they have never visited.

But in between are the ordinary people who just want to get by and earn a living so they can provide for there family. These are the people that are going to suffer (a lot already are) Yes the economy needed to cool down but not to the point where the vast majority of ordinary people are going to suffer.

THE OFFICIAL AFTER HOURS RECCESION THREAD

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