The Celtic Tiger is beginning to roar.....says David McWilliams?

anncoates · 03-09-2014 08:04AM

That's terrible news.

I've still got a years worth of recycled decking, breakfast roll and US shopping trip gags to use.

03-09-2014 08:18AM

kneemos wrote: »

We're borrowing 800 million a month and have massive debt interest payments,the Government won't have anything to put in our pockets for the foreseeable future whatever the recovery.

It's our job, not the governments, to fill our pockets.

Golovkin p4p best · 03-09-2014 08:21AM

Where are all the people who said austerity doesn't work?

Potatoeman · 03-09-2014 08:25AM

krudler wrote: »

Celtic Tiger II: Decking Harder

Celtic Tiger II: Housing Boogaloo.

Barely There · 03-09-2014 08:26AM

OldRio wrote: »

I stop reading after 'loony left'.

I'm devastated.

efb · 03-09-2014 08:28AM

Time to restart my hot tub business!!!

03-09-2014 08:33AM

As long as this one is not based on cheap credit why would it be a bad thing. Despite the belief out there the banks and building societies have got very strike about lending it wont be a credit based boom this time.

gugleguy · 03-09-2014 08:48AM

efb wrote: »

Time to restart my hot tub business!!!

Ah yes the good old eighties. Springtime of a then new group called the progressive democrats. Messrs Mc Dowell and Harney.Charlie Mc Creevey nearly got roped in but thought the better of it.:)

c_man · 03-09-2014 09:01AM

Maybe it's just me but aside from the newspapers and the media telling me that it is so, I wouldn't have guessed there's been a big economic upswing lately.

carlmango11 · 03-09-2014 09:33AM

deco nate wrote: »

For who? Wages have taken a major dump

Did you even read the article? He specifically points out that employment and wages are a lagging indicator that follow behind economic improvement.

deco nate wrote: »

prices rising for all living expenses.

Rising prices generally point to economic recovery. Have you forgotten what happened to prices when Ireland entered recession?

deco nate wrote: »

I'm like many I'm sure cannot 'enjoy life' and before anyone asks no I don't have sky, yes I do have bb.
And I wish I could afford to go to a gig/have a night out.
And tbh, I'm just one of very many that can't. And it will only get worse when water charges come in.

Try and look at the bigger picture. Just because you haven't been personally affected by the improving economy doesn't mean it doesn't exist. Evidence is a better indicator than anecdote.

seamus · 03-09-2014 09:56AM

deco nate wrote: »

prices rising for all living expenses.

You're wrong I'm afraid. Many living expenses are at their lowest level in 3 years.
http://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexjuly2014/#.VAbWbvldVss

Clothing and footwear in particular is nearly half the price it was in 2006. Energy & fuel costs are cheaper than they were in 2011.

In many ways the big essentials are easier to afford now - if you don't smoke, don't drink a lot, and don't take 3 hotel breaks a year, you're probably more comfortable now than you were this time last year.

Golovkin p4p best wrote: »

Where are all the people who said austerity doesn't work?

What they meant was "Austerity doesn't work immediately". Of course a government should be able to click their fingers and fix everything overnight. Having to cut back for 3 or 4 years is inhumane, why can't they just <insert moronic scheme here>.

Barely There · 03-09-2014 10:17AM

seamus wrote: »

What they meant was "Austerity doesn't work immediately"..

I think what they meant was 'I don't like Austerity'.

Had to laugh at the posters during the local election campaign from the usual suspects with the whole 'Say No to Austerity' sloganeering.

OK, but what's your alternative to increasing taxes/reducing expenditure?

Let me guess.
Money trees?

Mr. CooL ICE · 03-09-2014 10:25AM

Dublin needs to build as many as 30 additional hotels between now and 2020 to handle the expected growth in tourism and business travel

Me arse

Valetta · 03-09-2014 10:34AM

Nicolas Cage wrote: »

Me arse

A well reasoned argument there Nic.

Backed up with evidence based links to counter the article. :rolleyes:

ThinkAboutIt · 03-09-2014 10:43AM

I can feel it

The One Doctor · 03-09-2014 10:45AM

Valetta wrote: »

A well reasoned argument there Nic.

Backed up with evidence based links to counter the article. :rolleyes:

To be fair, anyone who believes anything printed in the Independent needs their brain examined.

Reggie. · 03-09-2014 10:51AM

Kermit.de.frog wrote: »

http://www.independent.ie/opinion/columnists/david-mcwilliams/something-major-is-stirring-in-the-irish-economy-the-place-looks-set-to-take-off-30557058.html

An unlikely source for such optimism? Puts a smile on my face though. We might just be out of this thing with brighter days ahead.

*shades*:cool:

Ah well if he says it.

It must be happening :rolleyes:

Saipanne · 03-09-2014 10:59AM

Champagne is on me lads!

Reggie. · 03-09-2014 11:04AM

Saipanne wrote: »

Champagne is on me lads!

Good man

When and where

The Peanut · 03-09-2014 11:04AM

It might happen and it might not happen. But if does happen, can it be called something not connected to Celtic Tiger terminology?!

I've had a life-time of tiger, cub, roar, and all associated words and the prospect of an 2020 TV3 special with David McWilliams walking through a ghost estate in Longford and Katy Perry's "Roar" blasting away in the background is horrifying.;)

Mr. CooL ICE · 03-09-2014 11:16AM

Valetta wrote: »

A well reasoned argument there Nic.

Backed up with evidence based links to counter the article. :rolleyes:

It's the economy. Not a game of monopoly.

Larbre34 · 03-09-2014 11:20AM

"Consumer credit will become more available". Well thats just super Davey, sure didn't it do us no harm at all the last time? I really hope the Germans read some of this tripe and stick a jackboot in the door just in time, cos frankly we arent fit to be let out on our own. As Frankfurter Allgemeine said recently in a column, and something that should be stuck up on a static screen every evening while the Angelus is playing "IRELAND'S DEBT HAS NOT GONE AWAY YOU KNOW"

Go away McWilliams, you and your ilk have no credibility.

Valetta · 03-09-2014 11:35AM

Nicolas Cage wrote: »

It's the economy. Not a game of monopoly.

It's an article specifically about our hotel industry.

Do you have any reason to believe we won't need up to 5,000 more rooms by 2020?

If so, I'd be interested in hearing them.

Otherwise you're just taking the populist line of "everything bad, bul****, blah blah"

Valetta · 03-09-2014 11:36AM

Larbre34 wrote: »

"Consumer credit will become more available". Well thats just super Davey, sure didn't it do us no harm at all the last time? I really hope the Germans read some of this tripe and stick a jackboot in the door just in time, cos frankly we arent fit to be let out on our own. As Frankfurter Allgemeine said recently in a column, and something that should be stuck up on a static screen every evening while the Angelus is playing "IRELAND'S DEBT HAS NOT GONE AWAY YOU KNOW"

Go away McWilliams, you and your ilk have no credibility.

A healthy economy needs consumer credit to thrive.

smash · 03-09-2014 11:38AM

Larbre34 wrote: »

I really hope the Germans read some of this tripe and stick a jackboot in the door just in time, cos frankly we arent fit to be let out on our own.

Would you ever feck off, the Germans are a race of obnoxious self righteous gits. I want nothing to do with them!

Barely There · 03-09-2014 11:45AM

smash wrote: »

Would you ever feck off, the Germans are a race of obnoxious self righteous gits. I want nothing to do with them!

I'd miss their Weissbiers.

Chairman Meow · 03-09-2014 11:45AM

Its like these fools measure a recovery solely based on house prices and rent. "House prices are up!! Were saved!!", yeah, yet the average joe still has less money in his pocket thanks to USC charges, property tax, water tax, you know, all those fun things the government brought in to try and make a few extra quid to un-**** what the banks did to us. Get rid of USC, property taxes and all that ****, so that I can actually see a few extra quid in my bank account at the end of the month, and maybe then, ill be okay with this 'Recovery'.

RoboRat · 03-09-2014 11:49AM

Policy in Ireland has undoubtedly prolonged the slump. If you examine how quickly the UK, with its own exchange rate, or the US, with a massive fiscal expansion, came out of recession, there's little argument on this point.

The UK and the US have their own currencies, therefore had a lot more manoeuvrability to get out quicker.

Things are picking up, I have no doubt about that but I won't get my passport and festival wellies out yet. I just hope that this time around we learn from our lesson although that is not looking likely.

Golovkin p4p best · 03-09-2014 11:50AM

Chairman Meow wrote: »

Its like these fools measure a recovery solely based on house prices and rent. "House prices are up!! Were saved!!", yeah, yet the average joe still has less money in his pocket thanks to USC charges, property tax, water tax, you know, all those fun things the government brought in to try and make a few extra quid to un-**** what the banks did to us. Get rid of USC, property taxes and all that ****, so that I can actually see a few extra quid in my bank account at the end of the month, and maybe then, ill be okay with this 'Recovery'.

The state of the economy isn't measured by how much spare cash you have, it's measured by the quantity of products and services produced.

RoboRat · 03-09-2014 11:59AM

I have to say, for all the cringeworthyness of 'the gathering' it appears to have been a bit of a masterstroke. Tourism has rocketed this year and if the tourists have a good time, it will continue to grow so I can see the reasoning for new hotels.

The Celtic Tiger is beginning to roar.....says David McWilliams?

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