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Bailout megathread.

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Comments

  • #92
    Amhran Nua
    Closed Accounts Posts: 4,124 ✭✭✭Amhran Nua


    Deleted User wrote: »
    actually you dont take chances when your dealing with huge sums of money so if you hear a rumour are you gonna chance losing it or not?
    That depends on the source of the rumour. If its a Financial Times staff member, you might pay attention. If its the property pin, you will probably keep on rolling.


  • #93
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    Scofflaw wrote: »
    Oh sure - I don't think markets are rational at all. However, there seem to be a lot of people who assume that the bond markets are sending rational signals, and that if bond prices jump (in the secondary market) it's telling us something real about how things are actually going here, as opposed to telling us that the markets are uncertain how things will pan out, and are jumping at every half-heard rumour.

    cordially,
    Scofflaw

    Its probably a sign of the type of bond purchaser that has been purchasing Irish bonds lately TBH.

    The type of company that knows it'll be getting out fast.


  • #94
    Permabear
    Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


    This post has been deleted.


  • #95
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    donegalfella wrote: »
    This post has been deleted.

    silver is up something like 67% in euro this year , i think silver might be a better buy than gold right now although i realise silver is more volatile traditionally


  • #96
    zootroid
    Registered Users, Registered Users 2 Posts: 785 ✭✭✭zootroid


    Any Fianna Fail supporter care to voice an opinion on our impending bailout?


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  • #97
    hotmail.com
    Registered Users, Registered Users 2 Posts: 14,365 ✭✭✭✭hotmail.com


    If there's any kind of bailout, it's an national embarrassment and internationally humiliating.

    You normally associate bailouts with South American states.

    FF may drop below 15% as well.


  • #98
    Permabear
    Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


    This post has been deleted.


  • #99
    cml387
    Registered Users, Registered Users 2 Posts: 8,881 ✭✭✭cml387


    Annoying the Germans (our new masters,lest we forget) doesn't help.


  • #100
    galwayrush
    Registered Users, Registered Users 2 Posts: 12,815 ✭✭✭✭galwayrush


    Considering the Government has lied about the state of the economy all along , hang on, maybe they just didn't know, maybe they probably didn't realise that such matters were important, either way, they screwed us so yes, i would not be surprised if this was true. They will probably deny it until after the Donegal people vote.


  • #101
    danbohan
    Closed Accounts Posts: 1,914 ✭✭✭danbohan


    zootroid wrote: »
    Any Fianna Fail supporter care to voice an opinion on our impending bailout?

    please : the only bailout they understand is something related to flooding !


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  • #102
    Euro_Kraut
    Closed Accounts Posts: 1,957 ✭✭✭Euro_Kraut


    Inquitus wrote: »
    A civil servant out of work is twenty grand a year saved.

    Depends on the Civil Servant. Let say its an CO in the middle of the scale on €30,000

    They pay circa €5,000 in tax
    Dole cost €10,000 per year

    So the saving to the exchequer, excluding ancillary unemployment benefits, is €15,000 per year. Also the pension levy is loss to the exchequer.


  • #103
    hotmail.com
    Registered Users, Registered Users 2 Posts: 14,365 ✭✭✭✭hotmail.com


    I suppose when you think of the struggle for our independence and subsequently, decades trying to deflect our international image away from being an economic basket case, we have now lost our sovereignty. All that hard work has been undone, by the very party that has it's fingerprints in the aforementioned.

    A critical moment in the history of the state and of FF.


  • #104
    changes
    Closed Accounts Posts: 959 ✭✭✭changes


    Euro_Kraut wrote: »
    Depends on the Civil Servant. Let say its an CO in the middle of the scale on €30,000

    They pay circa €5,000 in tax
    Dole cost €10,000 per year

    So the saving to the exchequer, excluding ancillary unemployment benefits, is €15,000 per year. Also the pension levy is loss to the exchequer.

    And don't forget they may need rent allowance, medical card too etc.


  • #105
    cml387
    Registered Users, Registered Users 2 Posts: 8,881 ✭✭✭cml387


    hotmail.com wrote: »
    I suppose when you think of the struggle for our independence and subsequently, decades trying to deflect our international image away from being an economic basket case, we have now lost our sovereignty. All that hard work has been undone, by the very party that has it's fingerprints in the aforementioned.

    A critical moment in the history of the state and of FF.


    That is perfectly right.


  • #106
    Inquitus
    Registered Users, Registered Users 2 Posts: 13,771 ✭✭✭✭Inquitus


    changes wrote: »
    And don't forget they may need rent allowance, medical card too etc.

    Aye but lets not also forget alot of those who should be fired earn alot more than 30k a year.


  • #107
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭Scofflaw


    donegalfella wrote: »
    This post has been deleted.

    Ah - the overall position of the markets isn't irrational - the movements within the overall position, on the other hand, are. The market signal is not in any sense precise, because despite the underlying rationality of the position, the day to day movements are irrational.

    It's not quite right to call it irrational, though - it's more accurate to describe it as self-centred. The market cares most of all about the signals given by other members of the market, because on a day to day basis that's who they're trading against.

    cordially,
    Scofflaw


  • #108
    NewHillel
    Registered Users, Registered Users 2 Posts: 736 ✭✭✭NewHillel


    610x.jpg

    Please Olli, just a small little loan to tide us over ...


  • #109
    NewHillel
    Registered Users, Registered Users 2 Posts: 736 ✭✭✭NewHillel


    changes wrote: »
    examine your own circumstances and be weary.

    I am weary, believe me - and there's a lot to be weary about.

    However, I agree with the "be careful what you wish for bit". :)


  • #110
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    zootroid wrote: »
    Any Fianna Fail supporter care to voice an opinion on our impending bailout?

    there won't be any left if we need to bailed out


  • #111
    caseyann
    Closed Accounts Posts: 7,941 ✭✭✭caseyann


    Country hasnt even celebrated 100 years freedom and they sold it out from beneath us,Micheal collins and all who died for this country will be rolling in their graves.
    I cant believe people are actually smiling about this. :mad:


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  • #112
    Koloman
    Registered Users, Registered Users 2 Posts: 2,630 ✭✭✭Koloman




    frown.gif

    Footage just in of Brian and Olli's meeting.


  • #113
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    donegalfella wrote: »
    This post has been deleted.

    We may as well kiss goodbye to the pensions reserve, it will be sacrificed on the altar to keep FF in power for a little longer


  • #114
    murphaph
    Registered Users, Registered Users 2 Posts: 18,991 ✭✭✭✭murphaph


    changes wrote: »
    And don't forget they may need rent allowance, medical card too etc.
    But these will all face serious cutbacks over the coming years. The UK pays 70 pounds a week dole. Germany pays €354 a month if you haven't found a job after a year. That is where we are heading eventually, whether we like it or not. €800+ plus the same again in rent supplement and other benefits is about 3 or 4 times more than Ireland can afford.

    The dole will have to be cut and it will cause other problems (mortgage defaults etc.) but it will still have to be reduced over time to be comparable with the countries who we are expecting to bail us out now!


  • #115
    danbohan
    Closed Accounts Posts: 1,914 ✭✭✭danbohan


    caseyann wrote: »
    Country hasnt even celebrated 100 years freedom and they sold it out from beneath us,Micheal collins and all who died for this country will be rolling in their graves.
    I cant believe people are actually smiling about this. :mad:


    the freedom that people like michael collins fought and died for was lost a long time ago to nepotism ,cronyism, corruption, in both church and state in this country . perhaps this is the time to rebuild a new country in time for 100th anniversary .


  • #116
    caseyann
    Closed Accounts Posts: 7,941 ✭✭✭caseyann


    danbohan wrote: »
    the freedom that people like michael collins fought and died for was lost a long time ago to nepotism ,cronyism, corruption, in both church and state in this country . perhaps this is the time to rebuild a new country in time for 100th anniversary .

    I do agree to a certain extent, but it was only when Bertie and his likes took over.The church had nothing to do with economy or sovereignty.In many ways it was bad for us in others good.(the church that is)
    I am afraid that is never going to happen.Its a what 750 billion bail out.:eek:


  • #117
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭Scofflaw


    caseyann wrote: »
    I do agree to a certain extent, but it was only when Bertie and his likes took over.The church had nothing to do with economy or sovereignty.In many ways it was bad for us in others good.(the church that is)
    I am afraid that is never going to happen.Its a what 750 billion bail out.:eek:

    €750 billion is the total size of the fund available to bail out whichever countries need bailing out. While there's no bailout figure - because there isn't yet a bailout - Ireland would only need a fraction of that.

    cordially,
    Scofflaw


  • #118
    Citizen_Cutback
    Registered Users, Registered Users 2 Posts: 232 ✭✭Citizen_Cutback


    danbohan wrote: »
    the freedom that people like michael collins fought and died for was lost a long time ago to nepotism ,cronyism, corruption, in both church and state in this country . perhaps this is the time to rebuild a new country in time for 100th anniversary .

    And the people of the tradition that shot Michael Collins are FF.


  • #119
    caseyann
    Closed Accounts Posts: 7,941 ✭✭✭caseyann


    Scofflaw wrote: »
    €750 billion is the total size of the fund available to bail out whichever countries need bailing out. While there's no bailout figure - because there isn't yet a bailout - Ireland would only need a fraction of that.

    cordially,
    Scofflaw
    Sorry i misread in haste.:o thanks for the clear up,i felt ill when i saw that expected Ireland to be cut up in chunks and sold off :(
    Whats your estimate around?


  • #120
    Permabear
    Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


    This post has been deleted.


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  • #121
    zootroid
    Registered Users, Registered Users 2 Posts: 785 ✭✭✭zootroid


    caseyann wrote: »
    I do agree to a certain extent, but it was only when Bertie and his likes took over.The church had nothing to do with economy or sovereignty.In many ways it was bad for us in others good.(the church that is)
    I am afraid that is never going to happen.Its a what 750 billion bail out.:eek:

    I think you'll find corruption existed in this country long before Bertie came along, he was just another example of it


This discussion has been closed.
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