yelims

dream on

btw @CokeSnortingTory Ireland is #3 in this "globalization index" down from #1

when BOE stops printing money

your correct tho IMF coming in wasnt a possibility (ECB will do the same anyways) the Greeks left wing government and unions must very pissed now, yet another failure of socialism it seems this bailout comes with strings attached, here in ireland we voluntarily took these measures in last year, Greece would have to take them measures now if they want the money (not to different from what IMF do when they come in) interesting times we live in

oh noez a bailoutz http://www.ft.com/cms/s/0/866e1246-0c43-11df-8b81-00144feabdc0.html?nclick_check=1

talking about the UK economy collapsing is boring lets talk about the eurozone collapsing

as mentioned on the pin by someone be careful with these figures they should have really done then on county by county basis instead of separating some counties into city and county ex city (and not mentioning which city boundary is being used) for example: it gives 2% for galway city (where im from) but 174% for galway country, while using the old smaller "city" boundaries hence the weird disparity and hence the cities + county should be added together and new % calculated, same for rest of them, alot of people commute to dublin from other counties for example i tell you its alot more than 2% here in galway "city" all them estates they built out in doughiska and western distributor road house a good chunk of population and a large amount of empties (all the polish left doughiska so it looks like a ghost town now) and are within the city corporation line also the total on that survey @131,000 is less than half of the 300,000 empties > http://www.irishtimes.com/newspaper/breaking/2010/0119/breaking59.htm i believe the picture in reality is much worse, and the % oversupply was based on "best case boomtime growth" scenario

yeh its a disaster for sellers and people who gambled on property ( sound of the worlds smallest violin playing ) cash buyers like me are picking up some great places in great locations at bottom prices, and seems we have another 20% to drop at least so alot more people still waiting roll on the deflation, best thing ever happen to this country, wiping of a generation of gamblers and making housing more or less affordable again, and theres still 300,000 empty houses lying around (Excluding holiday ones or unbuilt ones) housepricecrash++

oh boy are you gonna be sickened when you read this http://www.nytimes.com/2010/01/01/opinion/01krugman.html Krugman quote he realizes and wrote about the China syndrome before

so Irish Air traffic controllers are twice better than the UK ones (well they get paid more than twice)? while having a lower air traffic than UK how about you call a spade a spade?

he is talking about irish air controllers who brought countries airports to standstill the ******* make an insane amount of money and are about to get 6% raise this year, they are striking about change in work practices http://www.independent.ie/opinion/columnists/martina-devlin/martina-devlin-air-traffic-controllers-are-living-in-an-ivory-tower-2024398.html http://www.independent.ie/national-news/traffic-controllers-to-strike-again-2025580.html i was at airtraffic control before in shannon, 2 years training (paid 17K euro), then starting of at about 60K up to an average of 160K few years later, ******ing insane, i regret not signing up when they were hiring then controllers in busier airports like heathrow get paid half the amounts and air traffic in ireland fell 13% last year these tradeunions should be abolished and any strikers fired, enough with this pussyfooting around, the public sector cant hold the country ransom, the ******* already earn 50% more than private sector workers socialism for ya :angry:

the economist thinks that China is the "real thing" http://www.economist.com/displayStory.cfm?story_id=15270708&source=hptextfeature so that means its about to blow

the same is true for Ireland about rising rates (and that they will) rising interest rates would mean more people being forced to sell > cheaper houses

thats what you get for printing insane amounts of money cost of living has gone down > http://www.businessweek.com/ap/financialnews/D9D7IG0O0.htm house prices have gone down close to 50% > http://www.housepricecrash.co.uk/forum/index.php?showtopic=134563&st=0&p=2342882 affordability has increased > http://www.housepricecrash.co.uk/forum/index.php?showtopic=134996&st=0&p=2351588entry2351588

... in Ireland http://www.businessworld.ie/livenews.htm?a=2540537 please note and ignore the spin that now "is the best time to buy" from the VI's prices are still falling here tho once interest rates would rise that would throw a spanner into the affordability for those who are buying using mortgages cue some HPCers whom i had long discussions with in other threads who will continue to insist that printy printy in UK has had no effect on house prices and affordability

who needs manufacturing and exports when you can print money? or so say few HPCers in this thread > http://www.housepricecrash.co.uk/forum/index.php?showtopic=134889

people who gambled and misinvested billions and millions (especially in property) pretty much lost it all now and being dragged thru the courts the ones who gave personal guarantees stand to loose everything, including their homes, bankruptcy aint pretty here anyone who had shares pretty much lost it all, some banking shares dropped from 20 euro a share to 0.40, destroying alot in process and yes there were shareholders up in arms about shit like this

no thanks, millions of my country men died thanks to your (ex)empire starving people do death, were doing quite fine without yee, thanks for asking in the few decades since we unhooked ourselves first from the pound sterling peg and then joined euro our GNP per person has gone up from 60% of UK average to 120% UK average and despite the worst recession in living memory most people here still have a better quality of life than someone in UK anyone from Scotland and Wales reading this take note, your resources (oil,gas ahem) are being plundered and people are made poorer by a bunch if politicians in London and their monarch

and thats bad because? oh i forgot in your country savers get punished in order to help keep the people who got up to eyeball in debt afloat well here people who got into alot of debt are paying for it, as they should

The impact of sterling weakness was illustrated by a 15 per cent fall in exports to Britain in the first eight months of 2009, while imports were down 32 per cent. http://www.irishtimes.com/newspaper/finance/2009/1127/1224259545164.html why dont you look at CSO data? its the job of the Central Statistics Office here to provide all sorts of juicy details http://www.cso.ie/releasespublications/documents/external_trade/current/extrade.pdf

savers haven't lost out anything my saved euro goes along way further now than it did 2 years ago

bringing the budget under control is already paying of, unlike Greece with Irish bonds now being less riskier than Spain > http://www.irishtimes.com/newspaper/breaking/2010/0118/breaking31.htm

devaluing makes everyone poorer whats happening in ireland and elsewhere is the people who made the mistakes are paying for it dearly

exports - imports = real wealth coming into the economy everything else involves printing funny money UK and US are exporting pissing away and outsourcing your economies to the likes of China how about you use recent figures as well http://www.irishtimes.com/newspaper/finance/2009/1127/1224259545164.html notice how exports to the UK fell, while imports from UK fell much more, who do you think that hurts? and how about you quote real facts? http://www.cso.ie/statistics/botmaintrpartners.htm USA, Rest of World and Rest of EU are larger export destination for Ireland than UK while the values of imports from UK to ireland has fallen month on month despite devalued currency while exports remained more or less steady explain that one

so are the reports of the eurozone demise which right now is a much larger economy that UK and for most part (in comparison) rather healthy, Greece is a 2% thorn in the side which will be resolved one way or another and if the posters here are correct and QE and devaluation is a "good thing" (doubt it) then keep in mind that this card hasnt been played yet by the ECB, and UK exporters must be praying that it doesnt get played even ireland who is getting so much stick for being a "sickman", despite the strong euro is still a net exporter, and as the costs are coming down these exports are growing, without the euro this economy would have completely imploded making Iceland look good