So are we going to lower interest rates in order to stimulate spending?
“Soft landing” to the Irish property market incoming.
Whoops, sorry!
Who’d have thought sky high rents, increasing fuel and food costs and jackin up interest rates would have been bad for the economy?
Well…that was the plan. Should not come as a surprise that increasing the interest rate by over 3% in less than a year will kill the economy. The EZB was too slow increasing the rates, if it is too slow lowering them again this will be very painful…..
When you print empty money 💰 than have inflation and recession after that just simply. Hope they stop throwing money from helicopter soon as possible
Capitalism requires scarcity in order to function, I don’t know why anyone is surprised that we have recessions occurring on a regular basis.
Look, Sure “We All Partied”
I’m an expert on the economy. Please feel free to ask mw anything
[deleted]
I literally don’t care. Most of my adult life has been recession or recovery.
How many recessions is it that we’re in now then? I’d thought we were still chewing on the last couple at least.
This is actually a giant nothing burger.
They’re talking about GDP, which literally doesn’t matter to us, as all the MNC’s profits are expatriated anyway.
In terms of MDD (Modified Domestic Demand) we’re doing more than fine.
This is fully caused by food retailers and energy companies price gouging. In a cost of living crisis ESB shouldn’t be rolling in record profits.
Can we not just pin everything off the rate of inflation/deflation once per year after the budget.
Inflation at 8% = Mandatory wages up by 8% = Dole up by 8%.
Deflation of 3% = Mandatory wages down by 3% = Dole down by 3%.
If income & outgoings increase/decrease in tandem then we essentially have an inflation/deflation rate of 0%.
The War with Russia will have massive impact to the EU the longer it drags on.
Recession, recovery, winning the lottery…..still haven’t built anything useful since the luas, which was bare minimum!
So is this a good time to buy property abroad? I could remortgage the gaff and buy a block of apartments in Bulgaria. That’s a win for sure. Right?
Stagflation . Eddie Hobbs took radio adds out during the covid lockdown, predicting this. The economic experts said that inflation was transient, although the world was lashing out money like it was going out of fashion. I know he annoys the shit out of most people , but why is there no room for opposing opinions in this country ?
How many “once in a lifetime” recessions does this make it?
Shocked. Who would have thought
Plague, war , recession nowhere to live. I mean we are just living our best life.
It’s almost like GDP isn’t the greatest performance indicator for societal and planetary sustainability.
Of course we are – we’ve had massive inflation that the government have failed to address and a skills loss due to the housing crisis.
24 comments
So are we going to lower interest rates in order to stimulate spending?
“Soft landing” to the Irish property market incoming.
Whoops, sorry!
Who’d have thought sky high rents, increasing fuel and food costs and jackin up interest rates would have been bad for the economy?
Well…that was the plan. Should not come as a surprise that increasing the interest rate by over 3% in less than a year will kill the economy. The EZB was too slow increasing the rates, if it is too slow lowering them again this will be very painful…..
When you print empty money 💰 than have inflation and recession after that just simply. Hope they stop throwing money from helicopter soon as possible
Capitalism requires scarcity in order to function, I don’t know why anyone is surprised that we have recessions occurring on a regular basis.
Look, Sure “We All Partied”
I’m an expert on the economy. Please feel free to ask mw anything
[deleted]
I literally don’t care. Most of my adult life has been recession or recovery.
How many recessions is it that we’re in now then? I’d thought we were still chewing on the last couple at least.
This is actually a giant nothing burger.
They’re talking about GDP, which literally doesn’t matter to us, as all the MNC’s profits are expatriated anyway.
In terms of MDD (Modified Domestic Demand) we’re doing more than fine.
This is fully caused by food retailers and energy companies price gouging. In a cost of living crisis ESB shouldn’t be rolling in record profits.
Can we not just pin everything off the rate of inflation/deflation once per year after the budget.
Inflation at 8% = Mandatory wages up by 8% = Dole up by 8%.
Deflation of 3% = Mandatory wages down by 3% = Dole down by 3%.
If income & outgoings increase/decrease in tandem then we essentially have an inflation/deflation rate of 0%.
The War with Russia will have massive impact to the EU the longer it drags on.
Recession, recovery, winning the lottery…..still haven’t built anything useful since the luas, which was bare minimum!
So is this a good time to buy property abroad? I could remortgage the gaff and buy a block of apartments in Bulgaria. That’s a win for sure. Right?
Stagflation . Eddie Hobbs took radio adds out during the covid lockdown, predicting this. The economic experts said that inflation was transient, although the world was lashing out money like it was going out of fashion. I know he annoys the shit out of most people , but why is there no room for opposing opinions in this country ?
How many “once in a lifetime” recessions does this make it?
Shocked. Who would have thought
Plague, war , recession nowhere to live. I mean we are just living our best life.
It’s almost like GDP isn’t the greatest performance indicator for societal and planetary sustainability.
Of course we are – we’ve had massive inflation that the government have failed to address and a skills loss due to the housing crisis.