Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Good economic news thread

1…78101213…46

Comments

  • #272
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭chopper6


    BoJack Horseman wrote: »
    Is overseas aid being increased?

    I thought it was remaining same as 2014 (which is a large reduction on 2009)

    Its shouldnt exist at all.


  • #273
    Saipanne
    Closed Accounts Posts: 4,882 ✭✭✭Saipanne


    chopper6 wrote: »
    Its shouldnt exist at all.

    Yeah, **** em! Grrrrr.


  • #274
    ardmacha
    Registered Users, Registered Users 2 Posts: 7,476 ✭✭✭ardmacha


    Rightwing wrote: »
    I'd like aid to be increased, places like Syria/Palestine need it.

    AS Rightwing says some places do need it and it is entirely appropriate to chip in for places like Sierra Leone where Ebola has broken out, I'd expect some international aid if the situation as reversed.


  • #275
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭chopper6


    ardmacha wrote: »
    AS Rightwing says some places do need it and it is entirely appropriate to chip in for places like Sierra Leone where Ebola has broken out, I'd expect some international aid if the situation as reversed.


    Ebola has been around Africa since 1976...why we should suddenly have to "chip in" now?

    And what ties have we as a country got to Sierra Leone?

    It's white man's guilt,nothing more


  • #276
    draiochtanois
    Registered Users, Registered Users 2 Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


  • Advertisement
  • #277
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭chopper6


    draiochtanois wrote: »
    This post has been deleted.

    330534.png


  • #278
    Rightwing
    Closed Accounts Posts: 8,101 ✭✭✭Rightwing


    draiochtanois wrote: »
    This post has been deleted.

    Sounds like a poor article. There are a number of factors that have to be considered, e.g. oil companies will slash divis, oil companies will lay off several thousand workers particularly in US. A big fall in a commodity like oil is unwelcome. A gradual one is preferred.


  • #279
    draiochtanois
    Registered Users, Registered Users 2 Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


  • #280
    ardmacha
    Registered Users, Registered Users 2 Posts: 7,476 ✭✭✭ardmacha


    chopper6 wrote: »
    It's white man's guilt,nothing more

    It isn't. If the people with Ebola were mostly white I would still expect us to chip in.


  • #281
    Godge
    Closed Accounts Posts: 21,727 ✭✭✭✭Godge


    http://economic-incentives.blogspot.ie/2014/12/unemployment-rate-falls-below-30-year.html


    "The current 10.7 per cent is the first time the rate has been below the average since February 2009 (when the rate of 10.2 per cent was below the then average of 10.4 per cent)"


    Now that is interesting. By that measure the economy is above average at the moment.

    Strange but true.


  • Advertisement
  • #282
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭chopper6


    draiochtanois wrote: »
    This post has been deleted.


    330648.png


  • #283
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭chopper6


    ardmacha wrote: »
    It isn't. If the people with Ebola were mostly white I would still expect us to chip in.


    Do you chip in for victims of Influenza here in Ireland?


  • #284
    BoJack Horseman
    Registered Users, Registered Users 2 Posts: 12,248 ✭✭✭✭BoJack Horseman


    chopper6 wrote: »
    Do you chip in for victims of Influenza here in Ireland?

    No need.

    Taxation delivers free flu vaccines to tens of thousands via the HSE.


  • #285
    draiochtanois
    Registered Users, Registered Users 2 Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


  • #286
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭chopper6


    BoJack Horseman wrote: »
    No need.

    Taxation delivers free flu vaccines to tens of thousands via the HSE.

    Yes but anybody foolish enough to be working for a living has to pay for it out of their own pocket.


  • #287
    Kermit.de.frog
    Registered Users, Registered Users 2 Posts: 25,124 ✭✭✭✭Kermit.de.frog


    Credit rating upped.

    http://www.irishtimes.com/business/economy/standard-poor-s-upgrades-ireland-s-debt-1.2027575


  • #288
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    Kermit.de.frog wrote: »
    Credit rating upped.

    http://www.irishtimes.com/business/economy/standard-poor-s-upgrades-ireland-s-debt-1.2027575

    Is this a good thing?
    If so why?
    Should the Irish Government have improved conditions to borrow more?

    We really need to get our heads around the State spending and borrowing less...not getting excited about having our borrowing credentials increased.


  • #289
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,198 Mod ✭✭✭✭AlmightyCushion


    Voltex wrote: »
    Is this a good thing?
    If so why?
    Should the Irish Government have improved conditions to borrow more?

    We really need to get our heads around the State spending and borrowing less...not getting excited about having our borrowing credentials increased.

    It should reduce the interest rate we pay on new bonds.


  • #290
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    AlmightyCushion wrote: »
    It should reduce the interest rate we pay on new bonds.
    New bonds=new borrowing.
    Fiscal mismanagement got us into the mess we're in. We know the effect pro cyclical budgets had on the states revenue streams up to 2007. Yet the minute the economy starts to show signs of recovery, we start the ball rolling again...with mismanagement.

    Its pretty clear to me that politics and economics should never meet!!


  • #291
    Phoebas
    Registered Users, Registered Users 2 Posts: 9,371 ✭✭✭Phoebas


    Voltex wrote: »
    New bonds=new borrowing.

    New bonds is by and large rolling over old debt these days.

    Some people go out of their way to turn positives into negatives.


  • Advertisement
  • #292
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    Phoebas wrote: »
    New bonds is by and large rolling over old debt these days.

    Some people go out of their way to turn positives into negatives.
    And the Government will borrow how much next year?
    So you get an increase on your credit limit...are you gonna celebrate that?
    Should you spend more just because your credit line has been extended?


  • #293
    Sheldons Brain
    Registered Users, Registered Users 2 Posts: 1,394 ✭✭✭Sheldons Brain


    Some people go out of their way to turn positives into negatives.

    Facts etc are not relevant to this, some posts just aim to oppose.
    Voltex wrote: »
    And the Government will borrow how much next year?
    So you get an increase on your credit limit...are you gonna celebrate that?
    Should you spend more just because your credit line has been extended?

    The credit limit has not been increased, the interest rate has dropped.


  • #294
    Phoebas
    Registered Users, Registered Users 2 Posts: 9,371 ✭✭✭Phoebas


    Voltex wrote: »
    And the Government will borrow how much next year?
    So you get an increase on your credit limit...are you gonna celebrate that?
    Should you spend more just because your credit line has been extended?

    Its not an increase in a credit limit, its a decrease in the cost of credit.

    Are you being wilfully ignorant?


  • #295
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,198 Mod ✭✭✭✭AlmightyCushion


    Voltex wrote: »
    New bonds=new borrowing.
    Fiscal mismanagement got us into the mess we're in. We know the effect pro cyclical budgets had on the states revenue streams up to 2007. Yet the minute the economy starts to show signs of recovery, we start the ball rolling again...with mismanagement.

    Its pretty clear to me that politics and economics should never meet!!

    Even if our national debt never increased past what it currently is a reduction in our interest rates would be beneficial. It doesn't necessarily mean we can borrow more, it means that the cost of borrowing is less.

    We were still able to borrow when we were given junk status, it just cost us a lot more.


  • #296
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    Sheldons Brain wrote: »
    Facts etc are not relevant to this, some posts just aim to oppose.



    The credit limit has not been increased, the interest rate has dropped.
    What I oppose is the State spending more than it takes in.
    What I oppose is the State spending for political gain.
    What I oppose is the State borrowing more than it already has
    What I think is correct is smaller spending, smaller government, smaller taxes.

    Show me an economy that has improved the lot of the ordinary folk with a system of continuous expansion of State spending?

    The credit limit post was analogous not descriptive.


  • #297
    Godge
    Closed Accounts Posts: 21,727 ✭✭✭✭Godge


    Voltex wrote: »
    What I oppose is the State spending more than it takes in.
    What I oppose is the State spending for political gain.
    What I oppose is the State borrowing more than it already has
    What I think is correct is smaller spending, smaller government, smaller taxes.

    Show me an economy that has improved the lot of the ordinary folk with a system of continuous expansion of State spending?

    The credit limit post was analogous not descriptive.



    You miss the point completely.

    Assume Ireland has a balanced budget in 2016 and has no need to borrow for current spending. You are now assuming that this means the bond rate going down has no effect on us.

    You are wrong.

    Whenever we borrowed money in the past we borrowed for a number of years. So for example, €10bn may have been borrowed for five years and is due to be repaid in 2016. Now we only have a balanced budget in 2016, we don't have a €10bn surplus. So that €10bn will be rolled over (as government debt has been rolled over for over a century).

    Now this is where the interest rate becomes important. Say the interest rate on that debt was 4%, equivalent to €400m. Now if the interest rate now is 5%, the interest rate on the rolled over debt goes up to €500m and we now have a deficit of €100m.

    On the other hand if the interest rate is now 2%, we have a surplus of €200m.

    So the interest rate on bonds does matter and the lower the better.


  • #298
    Godge
    Closed Accounts Posts: 21,727 ✭✭✭✭Godge


    Voltex wrote: »
    Show me an economy that has improved the lot of the ordinary folk with a system of continuous expansion of State spending?

    .


    Every State in the world has continually expanded State spending. Living standards have risen over the last 50 years in every state.

    So the answer to your question is everywhere except perhaps North Korea where they have cut State spending and starved half their population.

    Show me a State which now spends less money than in 1950 and also has a higher standard of living.


  • #299
    Sheldons Brain
    Registered Users, Registered Users 2 Posts: 1,394 ✭✭✭Sheldons Brain


    Voltex wrote: »
    What I oppose is the State spending more than it takes in.
    What I oppose is the State spending for political gain.
    What I oppose is the State borrowing more than it already has
    What I think is correct is smaller spending, smaller government, smaller taxes.

    Show me an economy that has improved the lot of the ordinary folk with a system of continuous expansion of State spending?

    The credit limit post was analogous not descriptive.

    All very fine, but this credit upgrade reflects the belief that Ireland will be borrowing less in the future than expected, so I am not sure why you are griping about it.


  • #300
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,554 Mod ✭✭✭✭Amirani


    Voltex wrote: »
    What I oppose is the State spending more than it takes in.
    What I oppose is the State spending for political gain.
    What I oppose is the State borrowing more than it already has
    What I think is correct is smaller spending, smaller government, smaller taxes.

    Fine, so you deal with the structural deficit in your general government balance. Still you're going to have periods when you spend more than you take in, hopefully because of investment related spending that will increase to future growth capacity of the country. Hence you need to borrow. Having a good credit rating makes this cheaper. That's a good thing.

    If you disagree with the State borrowing at all (and not just to plug structural deficits), then you don't understand economics.


  • Advertisement
  • #301
    Rightwing
    Closed Accounts Posts: 8,101 ✭✭✭Rightwing


    I wouldn't pay too much attention to the bond markets at present. Either that, or the equity market is completely out of sync.


Advertisement