Good economic news thread

27-03-2015 02:17PM

Saipanne wrote: »

I think I'll vote FG and FF, in the next election!

#winning

Didn't you say in this thread that forecasts are pseudoscience?

Saipanne · 27-03-2015 02:20PM

A Tyrant Named Miltiades! wrote: »

Didn't you say in this thread that forecasts are pseudoscience?

High five, guys. Great work.

Rightwing · 27-03-2015 04:01PM

The PS, welfare, OAPs and unions must be kept on a tight leash.

ardmacha · 27-03-2015 05:06PM

Rightwing wrote: »

The PS, welfare, OAPs and unions must be kept on a tight leash.

Provided the estate agents, developers and bankers are kept on a tight leash the OAPs will hardly manage to ruin the country.

KingBrian2 · 27-03-2015 09:04PM

A Tyrant Named Miltiades! wrote: »

Ho!

Let there be many fist-bumps in dole queues;
may great gangling lines of jobless men,
a labour chain, a wall of poverty,
grind less grimly.

May emigrants pass through Terminal Two
with four-per-cent extra enthusiasm.

--An Irish Prayer

People sure don't stay for the weather. As for poverty you want real poverty imagine living in South Africa. New York and London are the richest cities in the world with massive inequality.

27-03-2015 09:39PM

KingBrian2 wrote: »

People sure don't stay for the weather.

Tens of thousands of people don't leave because of the weather either.

I've been back and forth. I know there are positives and negatives. But lets cut out the third-world comparisons yeah.

Sheldons Brain · 27-03-2015 09:44PM

Rightwing wrote: »

The PS, welfare, OAPs and unions must be kept on a tight leash.

OAPs may be causing problems for public expenditure in some places, not currently in Ireland.

meanwhile the PS is mixed, but can only improve if the government has a clue.

KingBrian2 · 27-03-2015 09:52PM

A Tyrant Named Miltiades! wrote: »

Tens of thousands of people don't leave because of the weather either.

I've been back and forth. I know there are positives and negatives. But lets cut out the third-world comparisons yeah.

New York and London are not third world cities but they have third world inequalities. I personally think we have it a lot better than you care to admit.

Sheldons Brain · 27-03-2015 10:36PM

KingBrian2 wrote: »

New York and London are not third world cities but they have third world inequalities. I personally think we have it a lot better than you care to admit.

We have water charges!

27-03-2015 10:47PM

KingBrian2 wrote: »

New York and London are not third world cities but they have third world inequalities.

Just last night, when I was preparing to luxuriate in my bed, I was writing on another boards.ie forum about the Hell Ireland puts its homeless people through. At that very minute, there were hundreds of people in the position I was only very weakly qualified to describe.

Every large urban area in the world puts at least some of its citizens through "third world inequalities".

You used an inappropriate reference to South Africa, on the other hand, when referencing poverty.

Godge · 27-03-2015 11:32PM

A Tyrant Named Miltiades! wrote: »

Just last night, when I was preparing to luxuriate in my bed, I was writing on another boards.ie forum about the Hell Ireland puts its homeless people through. At that very minute, there were hundreds of people in the position I was only very weakly qualified to describe.

Every large urban area in the world puts at least some of its citizens through "third world inequalities".

You used an inappropriate reference to South Africa, on the other hand, when referencing poverty.

If you are going to be at risk of poverty, Ireland is the place to be (unless you prefer Sweden).

http://economic-incentives.blogspot.ie/2015/03/where-is-best-place-to-be-at-risk-of.html

KingBrian2 · 28-03-2015 12:43AM

Godge wrote: »

If you are going to be at risk of poverty, Ireland is the place to be (unless you prefer Sweden).

http://economic-incentives.blogspot.ie/2015/03/where-is-best-place-to-be-at-risk-of.html

I am very fortunate to have all of my needs and luxuries, for that I truly bless this country. That is why I do not put this country down. It is a shame that so many find themselves homeless. I have no answers for that only hope that people will take notice and tackle this scourge.

Rightwing · 28-03-2015 12:24PM

I struggle to see how anyone can be homeless in this country unless they are drug addicts, gamblers, alcohlics etc. If you then fall into this category, no State can help you.

FreudianSlippers · 28-03-2015 02:17PM

Rightwing wrote: »

I struggle to see how anyone can be homeless in this country unless they are drug addicts, gamblers, alcohlics etc. If you then fall into this category, no State can help you.

In another thread, someone suggested we could "solve" homelessness by finishing off ghost estates and putting them in there. They refused to engage on anything but the usual hyperbole and repetition of the same point, but I pointed out that it was a gross oversimplification of the reasons underpinning most homelessness.

As you say, the vast majority of true homeless people in Ireland aren't there because they couldn't afford to pay the rent.

Villa05 · 28-03-2015 09:54PM

FreudianSlippers wrote:

As you say, the vast majority of true homeless people in Ireland aren't there because they couldn't afford to pay the rent.

Are you sure, the rise in homelessness coincided with the removing of bedsits from the supply base. Are families in emergency hotel accommodation considered housed.

KingBrian2 · 28-03-2015 10:50PM

FreudianSlippers wrote: »

In another thread, someone suggested we could "solve" homelessness by finishing off ghost estates and putting them in there. They refused to engage on anything but the usual hyperbole and repetition of the same point, but I pointed out that it was a gross oversimplification of the reasons underpinning most homelessness.

As you say, the vast majority of true homeless people in Ireland aren't there because they couldn't afford to pay the rent.

Some homeless people don't agree to go into the shelters when the freezing weather comes. They don't want even basic care.

28-03-2015 11:22PM

KingBrian2 wrote: »

Some homeless people don't agree to go into the shelters when the freezing weather comes. They don't want even basic care.

A minority will never go into the shelters, by which I assume you are referring to the former stables at the civil defence depot.

These are divided in two categories: those who have resigned themselves to a life on the street, and the hidden homeless people are the ones who sleep in stairwells and backpackers hostels. Both are usually TERRIFIED of the hostels. Of all the destitute people in society, nobody is more vulnerable than these.

It saddens me to read people shrug and say 'drug addicts' or /shrug 'alcoholic' because on any given night you will see plenty of drug addicts and alcoholics marauding the streets of Dublin, they just happen to consume more middle-class drugs like painkillers and the more exclusive opiods or cocaine. They hide branded vodka at the back of the loo instead of drinking it on the kerb. But they're just as much a slave to addiction.

The one thing that unifies all homeless people, in my humble opinion, is not addiction, but the lack of a family to support them. A huge amount of young homeless men my age spent their early life in the care of the HSE.

I know a 22-year-old who sleeps in a rough hostel not 1 kilometre from where he was reared, who texts me occasionally at night to tell me he is alive and well. Imagine being so lonely you text a stranger you barely know, just so someone in the world will know you're safe and well, just to make that basic connection with anyone? To my mind that is a brutal state to exist in.

Next time I get one of those texts, do you suggest I reply 'could be worse mate, at least you're not in South Africa...'?

Yes, a small number of people live in desperate poverty in Ireland. This 4% is invisible to them.

KingBrian2 · 28-03-2015 11:45PM

A Tyrant Named Miltiades! wrote: »

A minority will never go into the shelters, by which I assume you are referring to the former stables at the civil defence depot.

These are divided in two categories: those who have resigned themselves to a life on the street, and the hidden homeless people are the ones who sleep in stairwells and backpackers hostels. Both are usually TERRIFIED of the hostels. Of all the destitute people in society, nobody is more vulnerable than these.

It saddens me to read people shrug and say 'drug addicts' or /shrug 'alcoholic' because on any given night you will see plenty of drug addicts and alcoholics marauding the streets of Dublin, they just happen to consume more middle-class drugs like painkillers and the more exclusive opiods or cocaine. They hide branded vodka at the back of the loo instead of drinking it on the kerb. But they're just as much a slave to addiction.

The one thing that unifies all homeless people, in my humble opinion, is not addiction, but the lack of a family to support them. A huge amount of young homeless men my age spent their early life in the care of the HSE.

I know a 22-year-old who sleeps in a rough hostel not 1 kilometre from where he was reared, who texts me occasionally at night to tell me he is alive and well. Imagine being so lonely you text a stranger you barely know, just so someone in the world will know you're safe and well, just to make that basic connection with anyone? To my mind that is a brutal state to exist in.

Next time I get one of those texts, do you suggest I reply 'could be worse mate, at least you're not in South Africa...'?

Yes, a small number of people live in desperate poverty in Ireland. This 4% is invisible to them.

No fan of the alcohol myself but not everything can be blamed on society. Homelessness is a concern but nowhere is it just an Irish problem. When I mentioned South Africa I also meant the attitudes that exist in that country concerning poverty. We talk about it and we have support structures in place, South Africa does not. The streets of South Africa would have everything we have plus the violence that we do not. I personally think gangland violence which includes bank robbery, tiger kidnapping, burglary, extortion & assault are far serious concerns to deal with.

29-03-2015 08:41AM

KingBrian2 wrote: »

Homelessness is a concern but nowhere is it just an Irish problem.

Nobody said it was solely an Irish concern, your Majesty.

To sum up...

Miltiades: Growth is good but poverty remains
the King: Poverty exists in South Africa, Miltiades...
Miltiades: That's not really an approproate...
the King: and London & New York have inequality
Miltiades: Yes your Highness but our own values...
the King: Weather!
Miltiades: Homelessness!
the King: Foreign problems!
A voice: BOYS BOYS BOYS what DOES this have to do with good economic news?

KingBrian2 · 29-03-2015 09:31PM

A Tyrant Named Miltiades! wrote: »

Nobody said it was solely an Irish concern, your Majesty.

To sum up...

Miltiades: Growth is good but poverty remains
the King: Poverty exists in South Africa, Miltiades...
Miltiades: That's not really an approproate...
the King: and London & New York have inequality
Miltiades: Yes your Highness but our own values...
the King: Weather!
Miltiades: Homelessness!
the King: Foreign problems!
A voice: BOYS BOYS BOYS what DOES this have to do with good economic news?

Your the one dragging the thread down to the nitty gritty details of homelessness. Many people in this country are not homeless. You lump a huge number of people into that category. Ireland does more to help the poor than many European countries let alone countries outside of Europe. We don't need to be reminded every 24 hrs. that people live below the poverty line. Crime is a much more serious issue that people such as yourself care little if anything about. Crime also drains an economy which in turn contributes to greater homelessness. Tobacco smuggling, heroin smuggling, Contraband smuggling and counterfeiting.

Phoebas · 01-04-2015 09:02PM

Surprised the Center Parcs deal hasn't been mentioned here. A much needed boost for Longford and the midlands and a nice addition to Ireland's tourism infrastructure.

Also, unemployment down again. Almost breaking through into single digits.

KingBrian2 · 01-04-2015 09:13PM

Phoebas wrote: »

Surprised the Center Parcs deal hasn't been mentioned here. A much needed boost for Longford and the midlands and a nice addition to Ireland's tourism infrastructure.

Also, unemployment down again. Almost breaking through into single digits.

Some people will never be satisfied with anything. It is all or nothing for them. The small things never matter.

Saipanne · 01-04-2015 09:30PM

KingBrian2 wrote: »

Some people will never be satisfied with anything. It is all or nothing for them. The small things never matter.

If unemployment was at 2% and all was well with the economy, these people would still be whinging, and secretly craving the good old days when everything was ****.

jank · 02-04-2015 04:03AM

It seems unemployment is going down about .1% a month. Another year should see it at around the 8.8% mark.

02-04-2015 07:30AM

Phoebas wrote: »

Surprised the Center Parcs deal hasn't been mentioned here. A much needed boost for Longford and the midlands and a nice addition to Ireland's tourism infrastructure.

Also, unemployment down again. Almost breaking through into single digits.

I was a bit worried about the date of the press release for the Center Parcs!

draiochtanois · 02-04-2015 08:45AM

This post has been deleted.

Godge · 02-04-2015 10:23AM

http://www.rte.ie/news/business/2015/0401/691330-central-bank/

Buried in this article is this little nugget:

"The general government debt ratio also declined for the first time since 2007."

That means we have got on top of the debt issue and are reducing the ratio. This wasn't expected to happen for another two years and is good news for the state finances.

http://www.independent.ie/opinion/columnists/brendan-keenan/its-summer-for-the-economy-but-exotic-plants-need-care-31111810.html

"The ESRI thinks the deficit will disappear and debt fall below the psychologically important level of 100pc of GDP from the end of next year. It's worth remembering that this would mean tax revenues are sufficient to cover almost €7bn of interest payments, as well as the cost of running the country."

Now what does Constantin and McWilliams think of that? They spent about three years telling us we were going to go bust by the end of the week. It never happened and if the ESRI is right, we will be more than solvent soon enough.

Godge · 02-04-2015 05:07PM

Now this is big news:

http://www.rte.ie/news/business/2015/0402/691713-exchequer-surplus-of-197m-in-q1-2015/

"There was an Exchequer surplus in the first three months of the year of €197 million."

Astonishing, a country that the doommongers said was bankrupt now has a surplus.

Geniass · 02-04-2015 05:12PM

Godge wrote: »

Now this is big news:

http://www.rte.ie/news/business/2015/0402/691713-exchequer-surplus-of-197m-in-q1-2015/

"There was an Exchequer surplus in the first three months of the year of €197 million."

Astonishing, a country that the doommongers said was bankrupt now has a surplus.

Not so good when the 1.6 billion share sale is included.

aliveandkicking · 02-04-2015 05:21PM

Geniass wrote: »

Not so good when the 1.6 billion share sale is included.

Even without the 1.6b it's still massively better than where we were a couple of years ago and well ahead of projections. Maybe you preferred when the country was running a 12bn a year deficit?

Good economic news thread

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