What will the economy look like in 6 months time?

Jinglejangle69 · 29-03-2020 1:16am

BanditLuke wrote: »

Any link to these "free" social houses?

Thanks

If you are in receipt of the dole and use that money to pay for your social house that is free.

As in you haven't earned or done anything to contribute to you having a house to stay in.

snoopboggybog · 29-03-2020 1:18am

BanditLuke wrote: »

Any link to these "free" social houses?

Thanks

Sorry but if your paying 50 euro out of your free dole money a week then its a free house. Even if your just working part time and paying 200 a month its still a free house. Many families are paying 1200 to rent a house as they are working.

Back on topic anyway. I think many people won't have a job to return to.

Can't see restaurants picking up again for a long long time and most will be forced to shut for good or until the tourist industry picks up again.

Most Bars will lay off their weekend staff and owners will run it themselves.

House prices will drop.

Small non-chain shops will be forced to close.

Hotels will be forced to lay off staff long term.

maestroamado · 29-03-2020 10:17am

otnomart wrote: »

Five more Countries join Ireland, France, Belgium, Luxembourg and others, in calling for coronabonds: the three Baltics, Slovakia and Cyprus.
It is a total of 14 Countries now pushing for this.
On the other side: Netherlands, Austria and Germany.
Surely Germany can change their position in the face of this crisis.
It risks losing its main market.

The problem Germany have is their economy is largely built on Engineering and the motor trade. This market has being re-focusing because of the environment.
Now the spending on cars and toys be depleted, i think they take a bigger hit than most of Europe.
What kindof reserve fund is there in Europe?

We don't seem to have any reserve fund, we did not learn any lessons from what happened 10 years ago as every time there is a problem we go running to EU.
I am not talking about this as this is "exceptional" but for the flooding the farmers, the closure of the bogs recently.
Can we do anything ourselves?

ILoveYourVibes · 29-03-2020 10:20am

High unemployment ...fewer businesses many will have gone under ...prices will be higher due to an inability to meet demands unless they introduce price control which they should imo.

Also Brexit is coming.

irishgeo · 29-03-2020 10:22am

murphyebass wrote: »

When we get all that money apple owes us we’ll be grand sure.

It's not all ours.

29-03-2020 10:24am

Jinglejangle69 wrote: »

If you are in receipt of the dole and use that money to pay for your social house that is free.

As in you haven't earned or done anything to contribute to you having a house to stay in.

I would be glad to be corrected on this,but deos the state not retain ownership of said social houses??

And by common sense calling them free/give away is completly factually incorrect,dumbed down, misleading info??? (assuming my understanding is true?)

pjohnson · 29-03-2020 10:40am

snoopboggybog wrote: »

Sorry but if your paying 50 euro out of your free dole money a week then its a free house. Even if your just working part time and paying 200 a month its still a free house. Many families are paying 1200 to rent a house as they are working.

Back on topic anyway. I think many people won't have a job to return to.

Can't see restaurants picking up again for a long long time and most will be forced to shut for good or until the tourist industry picks up again.

Most Bars will lay off their weekend staff and owners will run it themselves.

House prices will drop.

Small non-chain shops will be forced to close.

Hotels will be forced to lay off staff long term.

House price dropping is good. Also rents should drop unless we let AirB&B return to its cancerous pre-crisis level. I think everyone knew AirB&B was a problem but I dont think anyone knew the size of it.

ZX7R · 29-03-2020 10:49am

otnomart wrote: »

Five more Countries join Ireland, France, Belgium, Luxembourg and others, in calling for coronabonds: the three Baltics, Slovakia and Cyprus.
It is a total of 14 Countries now pushing for this.
On the other side: Netherlands, Austria and Germany.
Surely Germany can change their position in the face of this crisis.
It risks losing its main market.

Let's be clear on Germany,they did not say no to the coronabinds,they said no to unlimited conorabonds , this is still open for negotiation and currently is been negotiated,
Germany's main sticking point on this is when to issue the sale of the Bond's.
Germany wants to issue them when restrictions are to be eased in Europe ,this would entail a quicker jump start to the EU economy.
Where as the other member states want immediate bond sales

reg114 · 29-03-2020 10:59am

Christine Lagarde of the IMF said this week that the world is already in recession. In the run up to the Corona crisis, several countries such as Germany and the UK were teetering on the brink of recession anyway. Lagarde added the economic shock arising from the current pandemic would be more severe than the financial crisis of 2008.

Even with financial stimulus you will not see consumers spending returning to the levels they were at even several weeks ago, because people will still be recovering from the shock of losing their job, or reduced wages. There will be a portion of businesses that will not reopen. Businesses that do may reopen with fewer staff to cover losses.

Tradesmen who had been up to their eyes as people sought to upgrade their houses will lose out. The tourism sector will be badly hit with tourism from Europe , UK and the US completely being wiped out for the remainder of 2020. Tourism employs 250,000 people in this country. The only upside is that Irish people will be forced to staycation, as they wont be travelling abroad any time soon, so this might help to offset the losses.

Foreign nationals especially those here on student visas like the indians, pakistanis and brazilians will most probably be forced to go home as the gig economy dries up. As a result you will see a freeing up of much of the rental accommodation and a dropping of rental prices. The 5000 air bnb properties will be absorbed into the rental market in Dublin again because tourism will be non existent, further reducing the price of rents.

Sales of new cars will fall off a cliff, property prices will drop, and the economy will have contracted by about 5%. The esri suggested a 7 % drop if the restrictions continue for 12 weeks, youd really hope that would not be the case.

I agree with the call for the Irish gov to drop the legal case fighting the billions Apple owe us, it is money that will be badly needed.

Capital projects will be all but frozen, this applies especially to metro north which will never see the light of day now.

reg114 · 29-03-2020 11:01am

pjohnson wrote: »

House price dropping is good. Also rents should drop unless we let AirB&B return to its cancerous pre-crisis level. I think everyone knew AirB&B was a problem but I dont think anyone knew the size of it.

Air bnb will probably fold their Dublin offices, as there will be zero tourists visiting Ireland for the remainder of this year at best.

J_1980 · 29-03-2020 11:18am

reg114 wrote: »

Christine Lagarde of the IMF said this week that the world is already in recession. In the run up to the Corona crisis, several countries such as Germany and the UK were teetering on the brink of recession anyway. Lagarde added the economic shock arising from the current pandemic would be more severe than the financial crisis of 2008.

Even with financial stimulus you will not see consumers spending returning to the levels they were at even several weeks ago, because people will still be recovering from the shock of losing their job, or reduced wages. There will be a portion of businesses that will not reopen. Businesses that do may reopen with fewer staff to cover losses.

Tradesmen who had been up to their eyes as people sought to upgrade their houses will lose out. The tourism sector will be badly hit with tourism from Europe , UK and the US completely being wiped out for the remainder of 2020. Tourism employs 250,000 people in this country. The only upside is that Irish people will be forced to staycation, as they wont be travelling abroad any time soon, so this might help to offset the losses.

Foreign nationals especially those here on student visas like the indians, pakistanis and brazilians will most probably be forced to go home as the gig economy dries up. As a result you will see a freeing up of much of the rental accommodation and a dropping of rental prices. The 5000 air bnb properties will be absorbed into the rental market in Dublin again because tourism will be non existent, further reducing the price of rents.

Sales of new cars will fall off a cliff, property prices will drop, and the economy will have contracted by about 5%. The esri suggested a 7 % drop if the restrictions continue for 12 weeks, youd really hope that would not be the case.

I agree with the call for the Irish gov to drop the legal case fighting the billions Apple owe us, it is money that will be badly needed.

Capital projects will be all but frozen, this applies especially to metro north which will never see the light of day now.

The only real casualty is tourism and hospitality. Trades will see giant pent up demand, and the students will be back once this is over.

jimmyrustle · 29-03-2020 12:39pm

reg114 wrote: »

Foreign nationals especially those here on student visas like the indians, pakistanis and brazilians will most probably be forced to go home as the gig economy dries up. As a result you will see a freeing up of much of the rental accommodation and a dropping of rental prices. T

.

I just can't understand this one.

We just had an election, and one of the prominent drums banged by everyone from establishment to hard left parties was the need to provide affordable rental properties.

Not a single one mentioned that our migration policy, be it a bottomless pit of student visas for sale or our open door with the EU, just might be making rental properties unaffordable.

It's almost as if some in these parties might have realised this was the case, seeing as you would need a skill level of Senior Infants maths to work out that pouring more people into a city with an either stagnant, barely growing or even declining availability of rental properties would raise the cost of renting such properites, but that people like Mary Lou, Richard Boyd Barrett, Ruth Coppinger and others who claim to care about resolving the crisis really couldn't give a shiny ****e, because they were too gutless to call it out.

Thankfully Coppinger lost her seat primarily over her aloofness over an immigration related housing issue in her own back yard, her name blackened among the cohort in D15 who would normally vote for her.

We keep hearing all these cries from the left that we can't go back to how we were- that an emergency has pushed the government into making provisions on rent controls, social welfare and healthcare recruitment that they previously argued were out of their remit, therefore this should be the new normal (ignorant, of course, of how much debt this will get us into, but that's socialists for ya)

I wonder will they make a similar call on migration, that the old system was not working.

Don't hold your breath.

Migration is welcome, and needed. But at controlled numbers and involving individuals that for the most part have no negative impact on the finances of the natives of the host nation.

snoopboggybog · 29-03-2020 12:41pm

gandalfio wrote: »

Why can't we use the 13 billion Google owe us to balance the books?

Because they'll feck off somewhere else. They employ 8000 in Ireland.

maestroamado · 29-03-2020 12:57pm

snoopboggybog wrote: »

Because they'll feck off somewhere else. They employ 8000 in Ireland.

Its frightening they have so much power over our economy.
Google manufacture nothing and could operate anywhere i think.

lalababa · 29-03-2020 1:03pm

I can't see non Irish workers and non Irish seasonal workers going home when they can get 200 or 350 a week.

IndieRoar111 · 29-03-2020 2:30pm

snoopboggybog wrote: »

Sorry but if your paying 50 euro out of your free dole money a week then its a free house. Even if your just working part time and paying 200 a month its still a free house. Many families are paying 1200 to rent a house as they are working.

Back on topic anyway. I think many people won't have a job to return to.

Can't see restaurants picking up again for a long long time and most will be forced to shut for good or until the tourist industry picks up again.

Most Bars will lay off their weekend staff and owners will run it themselves.

House prices will drop.

Small non-chain shops will be forced to close.

Hotels will be forced to lay off staff long term.

Agreed with all of the above. I would add though that House prices will CRASH

J_1980 · 29-03-2020 2:38pm

maestroamado wrote: »

Its frightening they have so much power over our economy.
Google manufacture nothing and could operate anywhere i think.

What’s frightening about that? They bring the jobs and loads of tax revenue (also on incomes taxes of the employees) in return for fair stable treatment.

What you want to happen? Force them to stay here at gunpoint and fleece their employees at 60% taxation?
You can stick you SinnFein Stalinism where the sun never shines.

enricoh · 29-03-2020 2:41pm

No let up in spending at the moment for the foreva home brigade anyway. On the front page of the Sunday times Dublin city council have signed leases on 200 apartments in the last week alone!

Harry Palmr · 29-03-2020 2:44pm

I hope they were all airbnb properties.

FVP3 · 29-03-2020 2:47pm

maestroamado wrote: »

Its frightening they have so much power over our economy.
Google manufacture nothing and could operate anywhere i think.

Its Apple that owe us the 13Bn. Of course you could argue that that is the EU overstretching its remit.

Pete_Cavan · 29-03-2020 2:51pm

Bad enough that someone asked about the money Google "owe" us, but then posters actually replied about Google as well!

kravmaga · 29-03-2020 3:07pm

Dorakman wrote: »

It’s early days yet of covid-19, however the past couple of days the number of new cases have been in or around 200-250. If all goes well, and the curve is indeed starting to flatten, it begs the question of how our economy will cope? Will this be a short lived depression, which will bounce back relatively quickly, or will we be thrown into a 2008 type scenario?

Hi OP, I like this guy Colm Mc Carthy, he us usually right on the money and I read this article in full and agree with a lot of what he says is the outlook for the Irish economy.

https://www.rte.ie/news/2020/0328/1126970-mccarthy-covid-economy/

jimmyrustle · 29-03-2020 3:23pm

enricoh wrote: »

No let up in spending at the moment for the foreva home brigade anyway. On the front page of the Sunday times Dublin city council have signed leases on 200 apartments in the last week alone!

Good. These people need to live somewhere and god knows overpriced hotels are not the answer.

Just hope a minimal amount are going to people who have been in the country 5 minutes and/ or have little discernable link to the state.

kravmaga · 29-03-2020 3:38pm

niallo27 wrote: »

.Dell were burnt badly when they left for Poland.

You cant really be serious with that comment???

Dell Corporation badly burnt the workers in Limerick and went to a cheap labour industrial city of Lodz.

I've been to Poland a few times and the rate per hour of the locals in Lodz was half of what the workers in the plant in Raheen, Limerick earned. They have no union and the working conditions, terms and conditions are poor.

https://www.independent.ie/business/dells-limerick-closure-to-cause-9500-job-losses-26523346.html

Yurt2 · 29-03-2020 3:38pm

J_1980 wrote: »

The only real casualty is tourism and hospitality. Trades will see giant pent up demand, and the students will be back once this is over.

Well if this isn't economic illiteracy in the face of one of the biggest global sh*tstorms in a century, I don't know what is.

Tourism, you think the fallout will be limited to tourism. I have to laugh.

29-03-2020 3:41pm

kravmaga wrote: »

Hi OP, I like this guy Colm Mc Carthy, he us usually right on the money and I read this article in full and agree with a lot of what he says is the outlook for the Irish economy.

https://www.rte.ie/news/2020/0328/1126970-mccarthy-covid-economy/

He is very good,has a weekly article in the farmers journal too....cuts straight through spin and bluster with accurate,no bullsh1t info....and his views seem well researched and informed properly

Marsden35 · 29-03-2020 3:42pm

Short term pain. We won't have a recession in the west like 2008. That was a systemic problem. This isn't.

Once the shackles are off and lockdown is over, the economic furnace will begin to burn and within 6 months we'll be back polluting the crap out of our world. Sorry Greta, no one is going to want to hear you moan for awhile.

In fact, the global economy was overdue a downturn. We may have been forced into one in a more controlled way, and end up staving off the natural recession cycle this time around.

I'm optimistic about the future. Especially if the Chinese acquire a more moderate pallet and leave disease ridden animals be.

JoChervil · 29-03-2020 3:55pm

My friends working at the moment from homes are afraid that their companies will close aftermath. These companies are at the verge off viability and they will use this opportunity to close their businesses and save their faces. Probably there will be good schemes for employers to do it than in a normal times...

kravmaga · 29-03-2020 4:36pm

reg114 wrote: »

Air bnb will probably fold their Dublin offices, as there will be zero tourists visiting Ireland for the remainder of this year at best.

That's there European Headquarters so I doubt they will close down completely.

Can see headcount reductions coming down the line alright.

maestroamado · 29-03-2020 7:28pm

J_1980 wrote: »

What’s frightening about that? They bring the jobs and loads of tax revenue (also on incomes taxes of the employees) in return for fair stable treatment.

What you want to happen? Force them to stay here at gunpoint and fleece their employees at 60% taxation?
You can stick you SinnFein Stalinism where the sun never shines.

You have no idea what i want but i will tell you.
I want us to run our own country and not be led by Multi National corporations.

We need to control our own destiny more in my opinion.
Most of our high end products are exported to US.
We produce expensive meat which 90% is exported, we produce very little of our food requirements except for meat/dairy, all other stuff is imported from less expensive economies especially Spain.

I am not associated to politics as that is where the problem and really the whole system.
Where i am coming from is i wish as a country we produced more of what we need in regard to food for our people.
What i am saying was evident with queues at supermarkets...

RiseAbove4 · 29-03-2020 7:59pm

Marsden35 wrote: »

Short term pain. We won't have a recession in the west like 2008. That was a systemic problem. This isn't.

Once the shackles are off and lockdown is over, the economic furnace will begin to burn and within 6 months we'll be back polluting the crap out of our world. Sorry Greta, no one is going to want to hear you moan for awhile.

In fact, the global economy was overdue a downturn. We may have been forced into one in a more controlled way, and end up staving off the natural recession cycle this time around.

I'm optimistic about the future. Especially if the Chinese acquire a more moderate pallet and leave disease ridden animals be.

There’s optimism and then there’s realism

I think you need a lot more of the latter

niallo27 · 29-03-2020 8:08pm

kravmaga wrote: »

You cant really be serious with that comment???

Dell Corporation badly burnt the workers in Limerick and went to a cheap labour industrial city of Lodz.

I've been to Poland a few times and the rate per hour of the locals in Lodz was half of what the workers in the plant in Raheen, Limerick earned. They have no union and the working conditions, terms and conditions are poor.

https://www.independent.ie/business/dells-limerick-closure-to-cause-9500-job-losses-26523346.html

I was working there at the time, I think if they had their time back they would have not left. Dell has gone to **** since it left limerick.

IndieRoar111 · 29-03-2020 8:26pm

Marsden35 wrote: »

Short term pain. We won't have a recession in the west like 2008. That was a systemic problem. This isn't.

Once the shackles are off and lockdown is over, the economic furnace will begin to burn and within 6 months we'll be back polluting the crap out of our world. Sorry Greta, no one is going to want to hear you moan for awhile.

In fact, the global economy was overdue a downturn. We may have been forced into one in a more controlled way, and end up staving off the natural recession cycle this time around.

I'm optimistic about the future. Especially if the Chinese acquire a more moderate pallet and leave disease ridden animals be.

Deluded is not the word.

The global economy won't go back to normal immediately, many jobs will not come back. People will be fearful to spend as the virus will be back with version 2.0 next flu season. Vaccine will be 18 months at the earliest.

Need i go on ?

Fann Linn · 29-03-2020 8:32pm

Even before recovery time, how long can the govt continue to pay almost everyone €350 pw dole plus all of the additional health service and other PS personnel wages on top of additional capital health care costs?

Yurt2 · 29-03-2020 8:37pm

Fann Linn wrote: »

Even before recovery time, how long can the govt continue to pay almost everyone €350 pw dole plus all of the additional health service and other PS personnel wages on top of additional capital health care costs?

This is the question. I'd wager that our rainy day fund is extinguished already. We're taking the gamble that our European partners don't treat this crisis like the last one get their collective economic thinking hats on.

The Hesse state finance minister committed suicide yesterday over the pressure on the economy. Maybe that will focus the mind's of German policy makers to ditch orthodoxy.

J_1980 · 29-03-2020 8:40pm

Yurt! wrote: »

This is the question. I'd wager that our rainy day fund is extinguished already. We're taking the gamble that our European partners don't treat this crisis like the last one get their collective economic thinking hats on.

The Hesse state finance minister committed suicide yesterday over the pressure on the economy. Maybe that will focus the mind's of German policy makers to ditch orthodoxy.

All of Europe expects the same “European response” which translates to:
“Germany pays”
Are you surprised they don’t like it?

“European solidarity “ is always a pure one-way money transfer. Not everyone is as stupid as the Irish and continues alimenting lifetime wasters.

Marsden35 · 29-03-2020 8:47pm

RiseAbove4 wrote: »

There’s optimism and then there’s realism

I think you need a lot more of the latter

Some sectors will take longer to recover, for sure. But just imagine airlines, hotels, restaurants, pubs, tourism once this is over. They will boom.

Much different to a systemic recession where the economic gears slowly grind to a halt.

I'd also like to see manufacturing of essential equipment brought back from China to be made domestically. That will create some jobs too.

Once lockdown is over, there will be a rush to spend. Imagine all the haircuts needed.

I'm going to be like a woman whose just been given a platinum American express with no limit. Like Julia Roberts in Pretty Woman.

Airyfairy12 · 29-03-2020 8:59pm

Marsden35 wrote: »

Some sectors will take longer to recover, for sure. But just imagine airlines, hotels, restaurants, pubs, tourism once this is over. They will boom.

Much different to a systemic recession where the economic gears slowly grind to a halt.

I'd also like to see manufacturing of essential equipment brought back from China to be made domestically. That will create some jobs too.

Once lockdown is over, there will be a rush to spend. Imagine all the haircuts needed.

I'm going to be like a woman whose just been given a platinum American express with no limit. Like Julia Roberts in Pretty Woman.

Rushing to spend with what money? Most people have lost their jobs. Businesses have had to let their staff go and lots of them will never reopen.

Government can only pay the entire country 350 a week for so long, soon enough thats going to have to be cut down.

The manufacturing of essential equipment is done in China because of the cheap labor. If your washing machine, smart phone or pennies jumper was made here, you'd be paying 10 times the cost.

SeaBreezes · 29-03-2020 9:09pm

MadYaker wrote: »

The chinese will likely have a big head start if their plan to prevent another outbreak works and will pass out the USA as the leading world super power. They are getting back to normal now while the US and EU are looking down the barrel and will be in disarray for months.

From reading economists online there seems to be two most likely scenarios. If some sort of normality can resume in 8 - 12 weeks then most of the economy that was switched off should be able to come back to life, rehire whatever staff they layed off and resume trading. But if it's longer than that a lot of SMEs will start running into difficulty and apparently they make up 70% of the economy so if they go bust, start laying off staff, stop paying their rents and other loans and mortages on property etc then were looking at a much deeper longer recession.

You've changed your tune.....

Quote: 28th feb:
Originally Posted by SeaBreezes:
I'm laughing at the concern for the economy shown here.
That's about as ostrich as it gets. The world economy is in free fall.
There is NO way out of the global recession that's coming.
And oddly the countries that manage the virus best will be first off their knees after.
At the moment that's looking like China.

Reply from MadYaker:
Just highlighting this so we can come back to it in a few weeks and laugh.

Airyfairy12 · 29-03-2020 9:17pm

SeaBreezes wrote: »

You've changed your tune.....

Quote: 28th feb:
Originally Posted by SeaBreezes:
I'm laughing at the concern for the economy shown here.
That's about as ostrich as it gets. The world economy is in free fall.
There is NO way out of the global recession that's coming.
And oddly the countries that manage the virus best will be first off their knees after.
At the moment that's looking like China.

Reply from MadYaker:
Just highlighting this so we can come back to it in a few weeks and laugh.

Bit unfair to root out an old comment on someone and push it in their face. Did you or anyone else realise how this was going to blow up a month ago?

A month ago none of us imagined the country would be on lockdown, schools cancelled and gaurds patrolling the streets questioning people why theyre out of their house.

Im fed up reading these condescending arrogant posts. 'Oh look you said something a month ago and it turned out to be wrong, what have you got to say for yourself?'

People can change their mind and form different opinions about things, especially when circumstances change, which in this case, it has done massively.

Yurt2 · 29-03-2020 9:22pm

J_1980 wrote: »

All of Europe expects the same “European response” which translates to:
“Germany pays”
Are you surprised they don’t like it?

“European solidarity “ is always a pure one-way money transfer. Not everyone is as stupid as the Irish and continues alimenting lifetime wasters.

Clear off you weirdo. After your disgusting comments about Italy and Spain you should behave yourself you grade-A scumbag.

(Mods I'll take whatever card you're giving me for this post, but note I've already reported the above waster for sociopathic comments mocking the suffering in Italy in another thread)

SeaBreezes · 29-03-2020 9:29pm

Airyfairy12 wrote: »

Bit unfair to root out an old comment on someone and push it in their face. Did you or anyone else realise how this was going to blow up a month ago?

A month ago none of us imagined the country would be on lockdown, schools cancelled and gaurds patrolling the streets questioning people why theyre out of their house.

Im fed up reading these condescending arrogant posts. 'Oh look you said something a month ago and it turned out to be wrong, what have you got to say for yourself?'

People can change their mind and form different opinions about things, especially when circumstances change, which in this case, it has done massively.

I'm very glad people ARE changing their minds, and I think it totally fair to remind someone who quoted me three weeks ago, and said they would laugh at it in a few weeks time, what they said. Perhaps next time they will be more measured/kinder in their replies. Or do their own research before scoffing.

The irony of a condescending arrogant post calling another post condescending and arrogant... :-) what are we like?

Airyfairy12 · 29-03-2020 9:37pm

SeaBreezes wrote: »

I'm very glad people ARE changing their minds, and I think it totally fair to remind someone who quoted me three weeks ago, and said they would laugh at it in a few weeks time, what they said. Perhaps next time they will be more measured/kinder in their replies. Or do their own research before scoffing.

The irony of a condescending arrogant post calling another post condescending and arrogant... :-) what are we like?

In fairness, a few weeks ago we expected schools to be reopening tomorrow. Media was suggesting COVID 19 was like a bad flu and nothing to worry about as long as everyone washed their hands properly and lessened visits to elderly relatives.

Plenty of people were saying how we'd be laughing at all this in a few weeks. Keep in mind, 3 weeks ago we had 34 cases and they were all people who either traveled over seas from an effected area or were connected to someone who did. Of course people have changed their minds, why is that so surprising or something they should be bashed over the head with?

SeaBreezes · 30-03-2020 12:06pm

Airyfairy12 wrote: »

In fairness, a few weeks ago we expected schools to be reopening tomorrow. Media was suggesting COVID 19 was like a bad flu and nothing to worry about as long as everyone washed their hands properly and lessened visits to elderly relatives.

Plenty of people were saying how we'd be laughing at all this in a few weeks. Keep in mind, 3 weeks ago we had 34 cases and they were all people who either traveled over seas from an effected area or were connected to someone who did. Of course people have changed their minds, why is that so surprising or something they should be bashed over the head with?

Because we were watching this with alarm since China in Jan.
11 million people unable to leave their apartments for 2 months.
Because the WHO were Calling for extreme aggression in managing the virus with the last few months.
Because we were discussing the global ramifications on these threads for a long time.
Because plenty of people were laughing and scoffing 3 weeks ago when it could have been controlled sooner.
Because if 'people' had only educated themselves and actually READ the thread instead of scoffing we wouldn't be shutting the stable door after the horse has bolted.
Because now frontline health workers are in danger because 'people' 3 weeks ago laughed and went to the pub instead of isolating.
( we were on thread 3 at that stage there is no excuse for ignorance).

Yes, it's good that 'people' change their mind.
Pity they didn't do it sooner.

jimmyrustle · 30-03-2020 7:34pm

J_1980 wrote: »

All of Europe expects the same “European response” which translates to:
“Germany pays”
Are you surprised they don’t like it?

“European solidarity “ is always a pure one-way money transfer. Not everyone is as stupid as the Irish and continues alimenting lifetime wasters.

LOL. You talk some scutter. Germany loves handing out free stuff to the right people.

https://www.politico.eu/article/most-germany-migrants-fail-to-get-jobs-unemployment/

Gael23 · 30-03-2020 9:15pm

A deep recession follows. Severe enough that the only way out will be to print money

maestroamado · 30-03-2020 9:28pm

Gael23 wrote: »

A deep recession follows. Severe enough that the only way out will be to print money

If as you say print money, who picks up the tab?
As a country i doubt we can...

Gael23 · 30-03-2020 9:39pm

maestroamado wrote: »

If as you say print money, who picks up the tab?
As a country i doubt we can...

No through the ECB for the EU as a whole. There’s no way this can be funded through existing resources

snoopboggybog · 30-03-2020 10:59pm

https://www.irishtimes.com/business/economy/irish-economy-could-contract-by-13-if-shutdown-lasts-until-august-1.4215802?fbclid=IwAR2A7zGuJ4Qi9IXVyNgHzT_xwK7zBahFECG3V32_yZODaHDJ-CEy4auZw4s

Intertsting article, unfortunaly don't think their wrong. Up to 315,000 will lose their jobs.

FVP3 · 30-03-2020 11:18pm

J_1980 wrote: »

All of Europe expects the same “European response” which translates to:
“Germany pays”
Are you surprised they don’t like it?

“European solidarity “ is always a pure one-way money transfer. Not everyone is as stupid as the Irish and continues alimenting lifetime wasters.

Nobody is asking Germany to pay anything. In fact Germany paid nothing last time as far as I can see; quite the opposite, by bailing out the banks here Ireland bailed out the creditors of those banks. And German banks are still in trouble.

What is needed is a proper EU zone response, start the printing presses.

What will the economy look like in 6 months time?

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