Recession - How bad is it

TeddyTedson · 13-04-2011 12:53AM #1

I'm finding it really difficult to determine how bad a state the country really is in.
Some people (generally older in my experience) seem to be saying that recessions come and go and this is nothing new, and that things will start to pick up in the next few years.
Others are saying due to debt our country is ****ed for the next 15 years at the least, and probably longer and encouraging anyone with the option to get out now to do so.
I'm really clueless as to where we stand. All I know is I get paid minimum wage for part time work at what I used to do full time for decent money.
I've looked into leaving more regularly the further things have continued to deteriorate.
I'm 24 now and wondering am I just hanging on to threads at this stage for things to improve.
Nobody wants to be in the prime of their life and struggling to make a life of their own.
How do others feel about things?

Wolfe Tone · 13-04-2011 12:54AM

Ah shure it'll be grand.

TeddyTedson · 13-04-2011 12:55AM

Wolfe Tone wrote: »

Ah shure it'll be grand.

Mom?

KungPao · 13-04-2011 12:56AM

TeddyTedson wrote: »

I'm finding it really difficult to determine how bad a state the country really is in.
Some people (generally older in my experience) seem to be saying that recessions come and go and this is nothing new, and that things will start to pick up in the next few years.
Others are saying due to debt our country is ****ed for the next 15 years at the least, and probably longer and encouraging anyone with the option to get out now to do so.
I'm really clueless as to where we stand. All I know is I get paid minimum wage for part time work at what I used to do full time for decent money.
I've looked into leaving more regularly the further things have continued to deteriorate.
I'm 24 now and wondering am I just hanging on to threads at this stage for things to improve.
Nobody wants to be in the prime of their life and struggling to make a life of their own.
How do others feel about things?

I'd be inclined to agree with the others.

pragmatic1 · 13-04-2011 12:57AM

Ted its very bad. In all seriousness, we're phucked for a few generations.

Wolfe Tone · 13-04-2011 12:58AM

TeddyTedson wrote: »

Mom?

Sorry Ted, keep searching.

Im 19 and in college, recession sucks, luckily I care little for money and have no responsibilities so Im sure it will all work out for me, it usually does.

jamesr123 · 13-04-2011 12:58AM

Well a friend of mine runs a small little shop and even he is just about paying the bills, He certaintly isnt making money for himself for the last few months anyway. As for me i'm finding it hard to get work or anything to do really. I have no qualifications so I am gonna go to fas and do a couple basic courses just for somthing to do really.

2,000 jobs went today in one of the banks and they think there is more to come.. It doesnt look good atm:eek::eek: Wish they'd do somthing i'm tired of it all now

yosemite_sam · 13-04-2011 12:59AM

It's bad, and it is going to get a whole lot worse

bigdogbarking · 13-04-2011 01:01AM

jamesr123 wrote: »

... It doesnt look good atm:eek::eek: .....

lol.....ATM.....giggity giggity

Aoifey! · 13-04-2011 01:03AM

It won't last forever, it'll be okay, and then the whole thing will eventually go full circle and in a hundred years you'll see almost that exact same post on some high tech space moon star website (yes, I just threw random words together).

Wait, actually, YOU won;t see it, but it will be there!

TeddyTedson · 13-04-2011 01:04AM

yosemite_sam wrote: »

It's bad, and it is going to get a whole lot worse

Why though, the unemployment rate has been quite static for quite a while now. It's something like 13percent right, so 87percent of people are working.
When we default on our debt will the country not be able to focus on getting the 13percent into work.
During the boom it was even at 4percent, so it's only been a 9percent increase, still enough. But it the big problem all about the banks and our debt?

KungPao · 13-04-2011 01:04AM

jamesr123 wrote: »

Well a friend of mine runs a small little shop and even he is just about paying the bills, He certaintly isnt making money for himself for the last few months anyway. As for me i'm finding it hard to get work or anything to do really. I have no qualifications so I am gonna go to fas and do a couple basic courses just for somthing to do really.

2,000 jobs went today in one of the banks and they think there is more to come.. It doesnt look good atm:eek::eek: Wish they'd do somthing i'm tired of it all now

Sometimes my bank machine talks to me, you know, usually just pleasantries and chit-chat. But recently it said to me "How are you doing...in financial terms?"

^That was my reply^

F1ngers · 13-04-2011 01:07AM

Actually, it's not that bad for me.
Mortgage nearly paid off (four more repayments to go), nice job, pays well.
Nice little bonus in a couple of weeks.
I would have to say... what recession?
Happy days for me.:D:D:D

TeddyTedson · 13-04-2011 01:08AM

F1ngers wrote: »

Actually, it's not that bad for me.
Mortgage nearly paid off (four more repayments to go), nice job, pays well.
Nice little bonus in a couple of weeks.
I would have to say... what recession?
Happy days for me.:D:D:D

ah feck off:pac::D

jamesr123 · 13-04-2011 01:09AM

F1ngers wrote: »

Actually, it's not that bad for me.
Mortgage nearly paid off (four more repayments to go), nice job, pays well.
Nice little bonus in a couple of weeks.
I would have to say... what recession?
Happy days for me.:D:D:D

I'm happy for you mate, atleast some people are doing ok

Wolfe Tone · 13-04-2011 01:09AM

F1ngers wrote: »

Actually, it's not that bad for me.
Mortgage nearly paid off (four more repayments to go), nice job, pays well.
Nice little bonus in a couple of weeks.
I would have to say... what recession?
Happy days for me.:D:D:D

Must be a banker!

:L

Kylo Ren · 13-04-2011 01:10AM

I had to sell my mexican midget rodeo business. I had a monopoly too

F1ngers · 13-04-2011 01:24AM

TeddyTedson wrote: »

ah feck off:pac::D

jamesr123 wrote: »

I'm happy for you mate, atleast some people are doing ok

Wasn't always easy, had a couple of rough months years ago...:D
Interest rates went through the roof...

Wolfe Tone wrote: »

Must be a banker!

:L

Should that not be a "w"?

CrazyRabbit · 13-04-2011 01:31AM

This isn't a recession. This is just normality returning after the boom periods. The boom just lasted long enough that many don't remember how bad it was before.

Offy · 13-04-2011 01:36AM

On a scale of 1-10 with 1 as very bad and 10 as very good Id give it a b+

yesno1234 · 13-04-2011 01:42AM

TeddyTedson wrote: »

Why though, the unemployment rate has been quite static for quite a while now. It's something like 13percent right, so 87percent of people are working.
When we default on our debt will the country not be able to focus on getting the 13percent into work.
During the boom it was even at 4percent, so it's only been a 9percent increase, still enough. But it the big problem all about the banks and our debt?

You're not taking emmigration into account in that. If the people who had emmigrated stayed you would see that figure significantly higher.

EverEvolving · 13-04-2011 01:51AM

Depends what industry you are in really, if you haven't been let go yet, count yourself lucky. I was doing smashing until a year ago, well paid job etc, then they decided they could move most operations to Manila and everything else was moved to their HQ.

It made good business sense seeing as the company had been bought over and they had a HQ big enough to hold it all, and it would have happened whether there was a recession or not. Only real problem there is having another job to go to in a small town.

whatsamsn · 13-04-2011 01:53AM

Truth about recession (even life)

Only people at the bottom or those effected by recession will really see whats going on. All this "we are out of recession!" is bs words by people living in a bubble.

hinault · 13-04-2011 01:59AM

TeddyTedson wrote: »

I'm finding it really difficult to determine how bad a state the country really is in.
Some people (generally older in my experience) seem to be saying that recessions come and go and this is nothing new, and that things will start to pick up in the next few years.
Others are saying due to debt our country is ****ed for the next 15 years at the least, and probably longer and encouraging anyone with the option to get out now to do so.
I'm really clueless as to where we stand. All I know is I get paid minimum wage for part time work at what I used to do full time for decent money.
I've looked into leaving more regularly the further things have continued to deteriorate.
I'm 24 now and wondering am I just hanging on to threads at this stage for things to improve.
Nobody wants to be in the prime of their life and struggling to make a life of their own.
How do others feel about things?

Difficult to guage. I was in Dublin City Centre last Saturday night and the pubs and restaurants were all relatively busy. However the suburban pubs in the area where my folks live are dying a death (back in the recession filled 1980's these same pubs were packed).

My best friend owns a couple of businesses in Kilkenny City and he said that the footfall has crashed there since late 2010.

I think more places are struggling than prospering. And with the increase in interest rates to take effect in May 2011, along with more tax increases the pain can only increase unfortunately.

andrew · 13-04-2011 02:16AM

As far as recessions go, it's a bad one. But this 'we're fucked for generations stuff' seems a bit excessive. The Irish economy has come through some really, really crap times since independance, and it'll come through again.

orourkeda · 13-04-2011 02:27AM

TeddyTedson wrote: »

I'm finding it really difficult to determine how bad a state the country really is in. Some people (generally older in my experience) seem to be saying that recessions come and go and this is nothing new, and that things will start to pick up in the next few years.
Others are saying due to debt our country is ****ed for the next 15 years at the least, and probably longer and encouraging anyone with the option to get out now to do so.
I'm really clueless as to where we stand. All I know is I get paid minimum wage for part time work at what I used to do full time for decent money.
I've looked into leaving more regularly the further things have continued to deteriorate.
I'm 24 now and wondering am I just hanging on to threads at this stage for things to improve.
Nobody wants to be in the prime of their life and struggling to make a life of their own.
How do others feel about things?

We're f*cked

longshanks · 13-04-2011 02:28AM

KungPao wrote: »

Sometimes my bank machine talks to me, you know, usually just pleasantries and chit-chat. But recently it said to me "How are you doing...in financial terms?"

^That was my reply^

If I could thank that post every day I would

orourkeda · 13-04-2011 02:29AM

Offy wrote: »

On a scale of 1-10 with 1 as very bad and 10 as very good Id give it a b+

b+ isnt between 1 and 10

BluesBerry · 13-04-2011 02:41AM

orourkeda wrote: »

b+ isnt between 1 and 10

Thats A1 sharon a1

Offy · 13-04-2011 02:45AM

orourkeda wrote: »

b+ isnt between 1 and 10

Prove it!

Alkers · 13-04-2011 02:50AM

yesno1234 wrote: »

You're not taking emmigration into account in that. If the people who had emmigrated stayed you would see that figure significantly higher.

plus the huge number of people who are looking for work but who aren't entitled to any benefits due to being below a certain age or because of their parents incomes.

Recession - How bad is it

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