The Boom 2.0 ?

theteal wrote: »

Does anybody want to buy some decking?

Only if i can slip on it and sue you! Dont think the celtic tiger had the compo payouts we have now.
So this boom is, eh, better in that regard!

Yurt! wrote: »

If there was a Brexit or Chinese economy induced recession soon, I'd really worry for the social stability of Ireland going forward. Two deep recessions a decade apart would really put our country under the kosh.

We missed a huge opportunity to change the way we do things with the last recession. Business as usual and a lot of very good Troika advice was roundly ignored because it didn't suit the usual lads with their hands on the levers of power and our venerable captains of industry.

What was the very good Troika advice out of interest?

Genuine question by the way, no hidden barbs!

Boom_Bap wrote: »

Leave my region out of this

Specifically your nether region.

Is there anything to be said for a soft landing?

Yurt! wrote: »

If there was a Brexit or Chinese economy induced recession soon, I'd really worry for the social stability of Ireland going forward. Two deep recessions a decade apart would really put our country under the kosh.

We missed a huge opportunity to change the way we do things with the last recession. Business as usual and a lot of very good Troika advice was roundly ignored because it didn't suit the usual lads with their hands on the levers of power and our venerable captains of industry.

After losing the clothes off our back first time around, we have essentially doubled-down on the bet of globalisation.

We'll be skinned this time.

Sonic Boom

Boom Boom Boom Boom - I want you in my (rented) room

Yurt! wrote: »

The major ones to my mind were pushed by the IMF (turned out to be the good guys in the Troika, despite their rapacious reputation), reform of the legal system, which they viewed as expensive to access and generally uncompetitive. The legislation that was eventually passed was desperately watered down.

They also advocated (and continue to advocate) for land taxes to free up development land from land hoarders and speculators. No way would FG touch this.

The IMF was generally critical of the ECB and EU role in the post-bailout years - Ajai Chopra accused them of "punishing Ireland."

I look back at that seminal moment of Irish economic history as a glorious chance missed. They wasted a damn good crisis.

Boom boom boom now let me hear you say wayoh...

I say boom boom boom mutha****a say wayoh...

Sajid Javid wrote: »

More red dots to be expected.
https://www.irishtimes.com/news/environment/boom-era-apartment-owners-left-with-large-bills-to-fix-defects-1.3812772

I don't know there were thousands of developments from the mid 90 on it would be more pertinent to ask how come the vast majority do not have any issues is there any commonality amount the developments that have an issue.

Sajid Javid wrote: »

More red dots to be expected.
https://www.irishtimes.com/news/environment/boom-era-apartment-owners-left-with-large-bills-to-fix-defects-1.3812772

When anybody says to me that we need to stop building housing estates and that we need to build upwards and pack as many apartments into cities as possible, I'll be pointing them to articles like this one.

I'd say we don't know half the problems that are present in apartments built in the last 20 years.

mad muffin wrote: »

It’s all a conspiracy to keeps us poor and the rich richer. It’s no coincidence that after every busy the rich get richer and we are given just enough to keep our heads above water.

How do we live in a world where 10 men have more more than a billion others living in squalor?

There are loads and loads of reasons why 10 men have more than a billion others living in squalor.

I'd guess the main reason is that they have very good business acumen. While enjoying advantages such as a good education etc. Bill Gates and Mark Zuckerberg weren't born billionaires. They were in the right place, at the right time, with the right product. Jeff Bezos was from a wealthy family but he has added to his wealth at an unbelievable rate.

Bezos is self-made.
Gates is self-made.
Buffet is self-made.
Arnault is from a rich family but he didn't go into the family business so he is self-made.
Zuckerberg is self-made.
Ortega is self-made.

I'm too lazy to research any more of the top 10.

Only a few of the top 10 have inherited their money and of those who did, they have added to it significantly.

Most of us will never have the opportunities of making that kind of money and very very few of the poorest billion people on the planet will have those opportunities due to lack of education, lack of seed capital etc.

I'm curious about your thinking. Are you blaming the top 10 wealthy people for the squalor that the poorest billion people live in?

Hobosan wrote: »

To add to this, Bezos/Gates wealth is mostly tied up in investments. If those investments fail, their wealth will collapse. It's not like they have 100 billion in cash at hand. If they suddenly tried to cash in on all of their investments, their investments would become worthless, as selling off all of your investments naturally causes people to question their value particularly if they are stocks in your own bloody companies.

Their wealth is being put to work, along with most of the other top earners. It's so easy to repeat soundbites that imply one cares about the impoverished by virtue of one denouncing the wealthy.

I'd be very surprised if everybody in the top 10 doesn't have at least 95% of their money tied up in investments. They are good business people after all and any of their assets tied up in cash aren't performing. The cash is devaluing all the time and that's not something that an astute businessman/woman would be inclined to let happen.

I'd hazard a guess that the Saudi Royal Family probably have the most cash at hand. That's just a guess though.

"now that's what I call boom 2?"