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Another recession?

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Comments

  • #252
    Assetbacked
    Closed Accounts Posts: 2,969 ✭✭✭Assetbacked


    Danzy wrote: »
    Globally we are over due a recession.

    People I feel are using the last crash as the definition of a recession, that was an event not seen since the great depression.

    Most will not feel a new recession.

    This, essentially. Irish people are not indebted hugely like before so it would hit big MNCs who do business here. We will lose MNC staff but they are young and flexible (we are lead to believe) and predominantly non-Irish so will follow the jobs somewhere else. We will be told about the blow to corporation tax revenue but we all know that the "growth" of the last few years is not real as, bar a few industries, people are getting squeezed more and more.


  • #253
    riclad
    Registered Users, Registered Users 2 Posts: 8,184 ✭✭✭riclad


    I think most people are cautious or concerned ,
    even if we do not have a recession,
    certain sectors like tourism or agriculture ,will be effected when brexit
    goes into effect .
    especially sectors depending on exports to the uk.
    Irish products will be more expensive for uk importers ,
    there will be extra expenses simply to send items to the uk.
    I,m not saying every business in ireland will be effected by brexit.
    if the uk economy slows down that means imports from ireland to the uk,
    will decrease .


  • #254
    Mad_maxx
    Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭Mad_maxx


    there will be no recession in the next year , things have turned for the better quite considerably globally , a hard brexit is now completely off the cards , not saying it will be a picnic but there will be no doomsday event


  • #255
    beejee
    Registered Users, Registered Users 2 Posts: 1,787 ✭✭✭beejee


    Mad_maxx wrote: »
    there will be no recession in the next year , things have turned for the better quite considerably globally , a hard brexit is now completely off the cards , not saying it will be a picnic but there will be no doomsday event

    On the contrary, the battle station of brexit has just moved into firing range of the planet Trump.

    The odds, according to my super computer, of a recession have risen significantly now that the American election and the British exit have moved closer together.

    If you jumped out of a plane, chin first into the ground it would be messy.

    If I swung upwards with a sledgehammer, full force, into your chin as we stood beside each other, that would be messy too.

    But if I struck your chin with a sledgehammer simultaneously as you hit the ground from a skydive, that would be so powerful it would usher in a global recession.


  • #256
    Mad_maxx
    Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭Mad_maxx


    beejee wrote: »
    On the contrary, the battle station of brexit has just moved into firing range of the planet Trump.

    The odds, according to my super computer, of a recession have risen significantly now that the American election and the British exit have moved closer together.

    If you jumped out of a plane, chin first into the ground it would be messy.

    If I swung upwards with a sledgehammer, full force, into your chin as we stood beside each other, that would be messy too.

    But if I struck your chin with a sledgehammer simultaneously as you hit the ground from a skydive, that would be so powerful it would usher in a global recession.


    come again ?


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