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  1. #21
    Volatire Volatire is offline
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    For the bullshítters who think that GDP and GNP are uncorrelated ..



    EURGBP weakness will boost Irish growth, however you measure it.
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  2. #22
    HarryN HarryN is offline

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    Quote Originally Posted by Volatire View Post
    Not really.

    Debt/gdp is what matters. This is already trending down even before the benefits of the latest move in EURGBP have been felt.

    It's gdp growth which leads us out of the woods.
    Debt to GDP only matters when it comes to creditworthiness. However in the long term it is not relevant. We will never be asked to repay our GDP, what we will be expected to repay is the principal figure we borrowed plus interest.

    And given how our GDP is arrived at you'd have to be very sceptical anytime you see it quoted.
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  3. #23
    Man or Mouse Man or Mouse is offline

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    Quote Originally Posted by Nudavongs View Post
    There are some big fish (IT, FR, ES) out there in the eurozone pool who need bond prices to stay right where they are so they can keep their economies ticking over. The Germans will be horrified but the ECB will be intervening and QEing for some time to come to keep the eurozone ship afloat.
    Or the mirage shimmering?
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  4. #24
    Boy M5 Boy M5 is offline
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    Quote Originally Posted by Volatire View Post
    For the bullshítters who think that GDP and GNP are uncorrelated ..



    EURGBP weakness will boost Irish growth, however you measure it.
    bull************************ters?

    No one said they were uncorrelated, just as that graph shows that Irish GDP is distorted & materially bigger than GNP.

    You have insulted us, proven us right & shown yourself up.

    Far better to play nice.
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  5. #25
    blokesbloke blokesbloke is offline
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    Quote Originally Posted by Mad as Fish View Post
    Oh goody, does this mean we will see some sign of a recovery out here in the west? None has appeared so far.
    You need to do more to attract LGBT tourists.

    Perhaps the men could all wear revealing skimpy outfits?
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  6. #26
    jpc jpc is offline
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    Quote Originally Posted by Analyzer View Post
    Exactly. Ireland's debts are still out of control. The Irish institutional state is as wasteful, and as unaccountable as ever. The quango state complex is completely beyond reform, and is unwilling to accept any compromise for the sake of the rest of the society.

    As shown by the SiteServ, it is corporatist, in outlook. Current state policy is effectively about leveraging, Ponzi scheme economics, asset valuations.

    The state is heading for the point beyond symbiosis. The parasite has been too big for the underlying host, since Ahern appointed Cowen as MoF. Nothing has been fixed since then.

    I predict that Britain will grow their economy, but Ireland will head into a Greek style debt crisis as a result of waste from the Brussels Bloc. In other words allies of the same political parties that caused the mess in Greece, will cause a massive disaster here.
    That is the absolute truth!
    But no one wants to know.
    Look at those idiots getting ready to set up another partnership deal.
    The Public service think things are back to normal.
    The reality disconnect is surreal.
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  7. #27
    Analyzer Analyzer is offline
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    Quote Originally Posted by SAT View Post
    Irish GDP is pretty meaningless. We need inflation to lead us out of the woods.
    Or else a debt write down.

    I think we should send Denis to Brussels to get the debt write down. He never fails to get a debt write down, that he requests. A truly baffling track record.
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  8. #28
    Analyzer Analyzer is offline
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    Quote Originally Posted by Volatire View Post
    For the bullshítters who think that GDP and GNP are uncorrelated ..



    EURGBP weakness will boost Irish growth, however you measure it.
    GNP is a variation of GDP. It is less inaccurate than GNP. You started this thread based on GDP. Constantin Gurdgiev tells us to ignore them both in the Irish context. The volumes of money flowing in and out, for all sorts of strange reasons, distorts economic measurement.

    Also note that it is lower now than at the end of 2005. But the borrowing that has been occurring to keep it flat keeps on bounding upwards.

    FG are the financial mismanagement political option.
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  9. #29
    Jack O Neill Jack O Neill is offline
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    Quote Originally Posted by edwin View Post
    As a matter of interest Analyser, can you tell us how the current performance of the economy measures against your forecasts of the last few years? I'm pretty sure you've predicted doom ar every hand's turn.
    really , have you ventured outside the capital city area to see this mythical recovery , nope , thought not . spin /bs /spin
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  10. #30
    Volatire Volatire is offline
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    Quote Originally Posted by HarryN View Post
    Debt to GDP only matters when it comes to creditworthiness. However in the long term it is not relevant. We will never be asked to repay our GDP, what we will be expected to repay is the principal figure we borrowed plus interest.

    And given how our GDP is arrived at you'd have to be very sceptical anytime you see it quoted.
    Clueless drivel.
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