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

Davarus Walrus · 03-09-2014 03:09PM

padd b1975 wrote: »

Any proposals on how to plug the massive hole in the public finances this will create??

Outsource the entire public service to Bangladesh.

Specialun · 03-09-2014 03:16PM

I think this article is about Dublin...what about the rest of the country

kneemos · 03-09-2014 03:22PM

Specialun wrote: »

I think this article is about Dublin...what about the rest of the country

Eat potaetoes.

Hoop66 · 03-09-2014 03:27PM

Specialun wrote: »

I think this article is about Dublin...what about the rest of the country

Fuck 'em.

* pays 6 quid for a pint *

smellmepower · 03-09-2014 03:37PM

Specialun wrote: »

I think this article is about Dublin...what about the rest of the country

Probably the parts of Dublin pricks like McWilliams,his mates and Indo buying tossers frequent.

Not much sign of an upturn in the economy around Clondalkin or Ballyfermot.Still massive queues outside the SW and post office's when I pass them on the bus every morning.Local shop a friend works for got over 400 hundred CV's for two jobs they advertised recently too.

Kermit.de.frog · 03-09-2014 03:46PM

smellmepower wrote: »

Not much sign of an upturn in the economy around Clondalkin or Ballyfermot.Still massive queues outside the SW and post office's

Erm, massive queues for social welfare in Clondalkin and Ballyfermot were not unusual during the boom so they are hardly unusual now.

If you said there is massive queues outside the SW in Blackrock or Foxrock it might mean more tbh.

Idbatterim · 03-09-2014 04:02PM

Probably the parts of Dublin pricks like McWilliams,his mates and Indo buying tossers frequent.

Not much sign of an upturn in the economy around Clondalkin or Ballyfermot.Still massive queues outside the SW and post office's when I pass them on the bus every morning.Local shop a friend works for got over 400 hundred CV's for two jobs they advertised recently too.

what do you expect, for it to touch each part exactly the same way and exactly the same time?

jimgoose · 03-09-2014 04:09PM

Ah, we're back I see. Good, good. Everyone under 28 is gone, apartments in the middle of Dublin are costing a million-euro-a-metre on account of a few hundred people working for Google, there's still no en massé blue-collar employment and a Master's degree will just about get you a job at a local Spar. But we are about to start roaring and rollercoasting and all the usual happy horsepuckey. Yays!! :pac:

enda1 · 03-09-2014 04:15PM

As a nurse/primary school teacher/garda I think it is DEFINITELY time to buy 3 off-plan apartments in outer Dublin (Meath/Louth/Longford) with 30 year mortgages and lied about earnings with the intention to flip them in 5 years and retire early.

Definitely

Valetta · 03-09-2014 04:18PM

enda1 wrote: »

As a nurse/primary school teacher/garda I think it is DEFINITELY time to buy 3 off-plan apartments in outer Dublin (Meath/Louth/Longford) with 30 year mortgages and lied about earnings with the intention to flip them in 5 years and retire early.

Definitely

With all those jobs you could afford 5 of them.

thebaz · 03-09-2014 04:29PM

I hate all things Celtic Tiger , even the name - but we never seam to be able do things in moderation - its only last year watching Vincent Browne or that Russian economist and you would be led believe there was no future for this generation or the next - everything has to be extreme , bi-polar - why can't we just enjoy life without the media frenzy of dark depression or Celtic Tiger greed?

Ash.J.Williams · 03-09-2014 04:32PM

I heard the builders have been busy since xmas, and i see the heuston station area unfinished developments are now in full swing again.

_Brian · 03-09-2014 04:35PM

Kermit.de.frog wrote: »

In fairness it's hard not to argue that all the economic indicators seem to point to a robust recovery.

A robust LOCALISED recovery maybe in 2-3 urban centres and their commuter belts.. Outside that rural Ireland is still in deep recession..

Just go onto the allsop auction website.. In rural Ireland there are houses and commercial premises being unloaded for a pittance because those that know better realise that rural Ireland is so far from a recovery that it may as well be a different country ! This includes county towns and not just backwater rural villages.

Idbatterim · 03-09-2014 04:37PM

money aside, just not having to hear recession this recession that, cuts, bickering between everyone, pessimism! THANK GOD! Now fingers crossed FG stay the main party in 2016 or we can look forward to another train wreck coming down the tracks! Endless hikes for all, unemployed during the boom? no problem, double digit % welfare hikes etc. A real fantastic visionary investment by FF, to hell with the crumbling water infrastructure etc that everyone is now complaining about paying for, Dublin still not having a proper integrated transport system, but hey we have world class everything rates (particularly the marginal rate of tax, just wait till you hit it boys and girls, E32,800 in dublin, youll be living the high life)! the exponential explosion in welfare and pay rates rate further compounded our problem when the downturn hit as cutting anything here regardless of how generous it is, is met with immense opposition.

Ush1 · 03-09-2014 04:51PM

Unless I'm making sh*t-loads more cash, it's still a recession as far as I'm concerned.

OldNotWIse · 03-09-2014 04:56PM

enda1 wrote: »

As a nurse/primary school teacher/garda I think it is DEFINITELY time to buy 3 off-plan apartments in outer Dublin (Meath/Louth/Longford) with 30 year mortgages and lied about earnings with the intention to flip them in 5 years and retire early.

Definitely

You might as well. You'll be able to get half it written down when the bubble bursts again anyway. Dont forget the off plan apartment in Bulgaria too.

Idbatterim · 03-09-2014 04:59PM

**** 'em.

* pays 6 quid for a pint *

a mere E6.70 for pint of Tiger in sam sara the other night, E6.20 for a heineken...

Frank Lee Midere · 03-09-2014 05:01PM

thebaz wrote: »

I hate all things Celtic Tiger , even the name - but we never seam to be able do things in moderation - its only last year watching Vincent Browne or that Russian economist and you would be led believe there was no future for this generation or the next - everything has to be extreme , bi-polar - why can't we just enjoy life without the media frenzy of dark depression or Celtic Tiger greed?

This. Last year we ended on a recession. Last Q was -2% annualised. Europe is stagnating. We get lucky a bit in some IT work and .... It's the tiger again.

Still though. We have massive arrears in mortgage payments, the debt ratio is still ludicrous, the take home pay is still falling ( given the fact that property and water taxes and charges are taxes and wages have not really risen) and a relatively good year which just about gets us back to 2011 GDP AND ITS THE TIGER AGAIN.

It's not really.

wrt40 · 03-09-2014 05:12PM

I'll believe it when I see €500 patio heaters for sale in woodies.

Valetta · 03-09-2014 05:19PM

wrt40 wrote: »

I'll believe it when I see €500 patio heaters for sale in woodies.

Think they've been made illegal after pressure from the anti-cow-farting brigade.

Celly Smunt · 03-09-2014 05:24PM

When Eddie Hobbs tells us to get on the ladder then you know the tiger is roaring.

MON EDDIE! TELL US TO GET ON THE BLOODY LADDER!

Kermit.de.frog · 03-09-2014 05:41PM

http://www.independent.ie/business/personal-finance/property-mortgages/house-hunters-queuing-for-five-days-before-new-homes-go-on-sale-30559705.html

The Irish Independent is not exactly hiding it's ambition to stoke the housing market is it?

TwoShedsJackson · 03-09-2014 05:45PM

Kermit.de.frog wrote: »

Erm, massive queues for social welfare in Clondalkin and Ballyfermot were not unusual during the boom so they are hardly unusual now.

If you said there is massive queues outside the SW in Blackrock or Foxrock it might mean more tbh.

Rich people not affected as much by the recession, news at 11.

gugleguy · 03-09-2014 06:07PM

Celly Smunt wrote: »

When Eddie Hobbs tells us to get on the ladder then you know the tiger is roaring.

MON EDDIE! TELL US TO GET ON THE BLOODY LADDER!

maybe Eddie is confining his exhortations to Peoples Republic of Cork for now.:p

Smidge · 03-09-2014 06:30PM

Just watching Howlin on the 6.1
Talk about double talk.
"We'll be giving tax breaks.....well, not just not and we are not sure when but we do want to give relief to people."
"70,000 more in employment"
Including TUS, Jobsbridge etc there Howlin????

kyote00 · 03-09-2014 07:19PM

The shinners will be pissed now....

Fallschirmjager · 03-09-2014 07:25PM

They are simply stoking a fake economy...they are encouraging the banks to loan money again and this will increase until the banks are back where they started..loaning risky money. They will be forced to do that to pay off what they owe from the last debacle.

So now we have a boom in house prices in Dublin, which will inevitably lead to spillover into surrounding counties. The only way they can get people out of negative equity is to boom house prices..and that's all they are doing. It's an illusion to make you feel better, more oh look my house is worth half a million BS. It will also drive the taxes on houses to the government and the increase in charges on your house that we all have to pay.

The reason your pint is going up, is a mixture of inflation (tax by another means) and the fact that the government never dealt with the costs of government. That's why we have charges now. they are still spending more than they earn in taxes. It's exactly the same as you spending more than you earn and patching the difference with a loan...sooner or later the debt has to be paid...of course after the election. They are simply kicking the debt can down the road waiting for both a European and American boom to pay for it all. That boom is very unlikely to come. The other way to boom or kick start the western world economies is a war or wars. You can draw your own conclusions on those.

Zubeneschamali · 03-09-2014 08:18PM

TwoShedsJackson wrote: »

Rich people not affected as much by the recession, news at 11.

Actually, a recent study showed that inequality in Ireland dropped thanks to the recession. The Indo was quite irate about it: no cuts to wasters on welfare bah humbug and so on.

Zubeneschamali · 03-09-2014 08:20PM

Smidge wrote: »

Including TUS, Jobsbridge etc there Howlin????

Jobsbridge etc. cost money, they don't generate 1 billion in unexpected tax revenue.

Valetta · 03-09-2014 08:21PM

Fallschirmjager wrote: »

They are simply stoking a fake economy...they are encouraging the banks to loan money again and this will increase until the banks are back where they started..loaning risky money. They will be forced to do that to pay off what they owe from the last debacle.

So now we have a boom in house prices in Dublin, which will inevitably lead to spillover into surrounding counties. The only way they can get people out of negative equity is to boom house prices..and that's all they are doing. It's an illusion to make you feel better, more oh look my house is worth half a million BS. It will also drive the taxes on houses to the government and the increase in charges on your house that we all have to pay.

The reason your pint is going up, is a mixture of inflation (tax by another means) and the fact that the government never dealt with the costs of government. That's why we have charges now. they are still spending more than they earn in taxes. It's exactly the same as you spending more than you earn and patching the difference with a loan...sooner or later the debt has to be paid...of course after the election. They are simply kicking the debt can down the road waiting for both a European and American boom to pay for it all. That boom is very unlikely to come. The other way to boom or kick start the western world economies is a war or wars. You can draw your own conclusions on those.

I wish I had your foresight.

Was the second million easier than the first to make?

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

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