CSO published today Retail sales figues that show a decline of 12.5% in December 2009 from December 2008. December 08 had declined 7.6% from December 2007. This is evidence of the deflationary budget intensifying the depression as the decline from last year's woeful Christmas retail sales has steepened.
The worst is over?
http://www.cso.ie/releasespublicatio...urrent/rsi.pdf
"No one rules if no one obeys" - Tao
Stories like this perhaps indicate that people now realize that they may have been overdoing it with the spending in recent years . . .
Can I suggest you get a copy of Sunday's Indo and read Kerrigan. I have no time for the guy but every now and then he gets it right. It may have happened elsewhere in the media but this was first time I read an accurate account of what is really happening in the Irish economyOriginally Posted by Cassandra Syndrome
Value of sales down 18%
The Government will be high fiving each other.
This is what they want. Deflate the economy so that there is no upwards pressure on wage rates. Unfortunately there will be collateral damage.
Retail sales in January collapsed also. There will be a further 30,000 retail staff on the live register by year end.
Retail properties will close and property owners will not get tenants for the forseeable future.
Sales Reps will be a thing of the past, distributors will close and more & more product will be sourced in UK.
Poland or ( China ) here we come..........>>>>>>>>>>>>>
Steady Cassandra - between this and your Greece thread, the excitement will overcome you. Take a nice cold shower - we don't want you going blind!!
These annual figures are nonsense - too historical.
Obviously Christmas distorts figures but the monthly trends from about March to June will be much more telling.
If this is a depression then fine. My picture of a depression is America 1930s, this will do fine.
Ha ha! If I was focusing on doom, I would have used the 18% decrease for 2009 to 2008 statisitc!
I always use the monthly comparison year on year turnover value in retail sales. There is a strong seasonal pattern during the year.
And as for doom porn, check out this American forum. I would be considered a Pollyanna! The humour on this forum is very dark and gallows like. But sure laughter is the best medicine!
Forum Topics In Breaking - MarketTicker Forums
"No one rules if no one obeys" - Tao
Cassandra was Vat take in 2009 down 19% ?
Retail sales down 18% 2009
What did you predict would happen Vat receipts 2010 ?
What did the DOF budget for ?
My view is that Vat take will fall 10% minimum
I`ve done a little research
2009 - Vat take €10,640m
2010 - Prediction Dec 2009 €10,460m ( taking a/c of the .5% cut in top rate)
2010 - Revised prediction taking into a/c January Vat figure €10,090m
My view €9,576
A further fall of €514m
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