We’re completely at the whim of multi nationals. If the yanks go into recession and their economy suffers job losses then they’ll start cutting jobs here too.
Sure sign that it is a given then. When people become spooked by the impending possibility of a recession it can just become a self fulfilling prophecy.
Classic Michael – “It might happen but it also might not happen.”
Recession just means the graph went negative, right?
I’m amused at the idea of governments doing high fives because the graph stays slightly above rather than slightly below.
Other than the name, there’s not much difference I assume between +0.001 and -0.001.
Edit: ok guys, in your haste to be clever, you’ve missed the point. Which isn’t that this data is meaningless. The opposite of that. The point is there’s an economic downturn either way. Avoiding the word “recession” is not a success. And the idea that jobs won’t be lost because we avoided the word “recession” is dumb. Unless you have info that says otherwise.
“It’s was Fianna Fáil wot wun it” behind him
Christ we really don’t have our best brightest running the place have we
A little bit more diplomatic than “Anyone moaning about the economy should kill themselves”.
Totally agree – we are all fucked… Again!
Now there’s a Beartyisim if evey I heard one
The stock market says otherwise lol
Soft landing anyone?
There are so many variables, so I’ll cut him some slack for not scaring everyone by ripping open his shirt and running down the road screaming “It’s all over, people, we don’t have a prayer.”
Buuuut, see it for what it is. They don’t want to spook anyone when, in reality, I think a recession is far more likely than not. ECB will begin hiking rates in July, small at first but realistically they’ll wind up hiking further when inflation doesn’t start to cool (and I highly doubt it will). A hugely positive scenario would be the immediate cessation of any conflict in Ukraine but even then, and even assuming all the negatives that go with it such as fuel and food price inflation disappear, I still think baseline inflation will prove too great and require hikes. (Inflation was measured at 5.6% in January, up from 5.3% in December link: [https://ec.europa.eu/eurostat/documents/2995521/14245727/2-23022022-AP-EN.pdf](https://ec.europa.eu/eurostat/documents/2995521/14245727/2-23022022-AP-EN.pdf/1bd1f78c-b615-7052-7379-3129551900eb#:~:text=European%20Union%20annual%20inflation%20was,%25) )
More pertinent, and something I’m hoping is being looked at, is how bad it could be and how many job losses will we see? Different times are coming and the economic environment is changing from the last 14/15 years or so. Incidentally, it might correct the housing market somewhat with the ECB’s financial stability review in May saying for every 0.1% hike in rates property prices could fall between 0.83 and 1.17%. July’s hike will be 0.25% and keep in mind this is for all of the EU so local factors change things. Will link in case anyone is interested.
Something something soft landing something something don’t upset the apple tart something something they should all kill themselves something something dark side something something complete.
He probably woke up this morning and said there will be no rain today.
Every half decent financial commenter is saying a huge unavoidable crash is coming that is worse than 2008
14 comments
What does that gobshite know?
We’re completely at the whim of multi nationals. If the yanks go into recession and their economy suffers job losses then they’ll start cutting jobs here too.
Sure sign that it is a given then. When people become spooked by the impending possibility of a recession it can just become a self fulfilling prophecy.
Classic Michael – “It might happen but it also might not happen.”
Recession just means the graph went negative, right?
I’m amused at the idea of governments doing high fives because the graph stays slightly above rather than slightly below.
Other than the name, there’s not much difference I assume between +0.001 and -0.001.
Edit: ok guys, in your haste to be clever, you’ve missed the point. Which isn’t that this data is meaningless. The opposite of that. The point is there’s an economic downturn either way. Avoiding the word “recession” is not a success. And the idea that jobs won’t be lost because we avoided the word “recession” is dumb. Unless you have info that says otherwise.
“It’s was Fianna Fáil wot wun it” behind him
Christ we really don’t have our best brightest running the place have we
A little bit more diplomatic than “Anyone moaning about the economy should kill themselves”.
Totally agree – we are all fucked… Again!
Now there’s a Beartyisim if evey I heard one
The stock market says otherwise lol
Soft landing anyone?
There are so many variables, so I’ll cut him some slack for not scaring everyone by ripping open his shirt and running down the road screaming “It’s all over, people, we don’t have a prayer.”
Buuuut, see it for what it is. They don’t want to spook anyone when, in reality, I think a recession is far more likely than not. ECB will begin hiking rates in July, small at first but realistically they’ll wind up hiking further when inflation doesn’t start to cool (and I highly doubt it will). A hugely positive scenario would be the immediate cessation of any conflict in Ukraine but even then, and even assuming all the negatives that go with it such as fuel and food price inflation disappear, I still think baseline inflation will prove too great and require hikes. (Inflation was measured at 5.6% in January, up from 5.3% in December link: [https://ec.europa.eu/eurostat/documents/2995521/14245727/2-23022022-AP-EN.pdf](https://ec.europa.eu/eurostat/documents/2995521/14245727/2-23022022-AP-EN.pdf/1bd1f78c-b615-7052-7379-3129551900eb#:~:text=European%20Union%20annual%20inflation%20was,%25) )
More pertinent, and something I’m hoping is being looked at, is how bad it could be and how many job losses will we see? Different times are coming and the economic environment is changing from the last 14/15 years or so. Incidentally, it might correct the housing market somewhat with the ECB’s financial stability review in May saying for every 0.1% hike in rates property prices could fall between 0.83 and 1.17%. July’s hike will be 0.25% and keep in mind this is for all of the EU so local factors change things. Will link in case anyone is interested.
[https://www.ecb.europa.eu/pub/financial-stability/fsr/html/ecb.fsr202205~f207f46ea0.en.html](https://www.ecb.europa.eu/pub/financial-stability/fsr/html/ecb.fsr202205~f207f46ea0.en.html)
[https://www.ecb.europa.eu/pub/financial-stability/fsr/focus/2022/html/ecb.fsrbox202205_02~cc40a7cbda.en.html](https://www.ecb.europa.eu/pub/financial-stability/fsr/focus/2022/html/ecb.fsrbox202205_02~cc40a7cbda.en.html)
Something something soft landing something something don’t upset the apple tart something something they should all kill themselves something something dark side something something complete.
He probably woke up this morning and said there will be no rain today.
Every half decent financial commenter is saying a huge unavoidable crash is coming that is worse than 2008