Follow @PoliticsIE
 
 
 
Page 1 of 11 12345 ... LastLast
Results 1 to 10 of 106

Thread: Irish manufacturing output rises - our economy is stabilising

  1. #1
    Politics.ie Member
    Join Date
    Nov 2005
    Posts
    947
    Mentioned
    0 Post(s)

    Default Irish manufacturing output rises - our economy is stabilising

    We're starting to come out of the doldrums!



    There were new indications that the Irish economy is stabilising, as manufacturing output showed an increase in November for the first time in more than a year and a half.

    According to NCB Stockbrokers, the output increase was driven by new order growth, which rose for the first time in 21 months. New export orders increased at a faster pace than overall new business.


    Click on the article below to continue...

    Irish manufacturing output rises - The Irish Times - Tue, Dec 01, 2009

  2. #2
    Politics.ie Member Digout's Avatar
    Join Date
    Oct 2008
    Location
    at the bar, where the sock puppets are
    Posts
    1,396
    Mentioned
    0 Post(s)

    Default

    How much of this was Windows 7 CD's ?

  3. #3

    Default

    Doldrums? It hasn't even started

    The burdens are even greater in Ireland and Latvia, where economic booms fueled by easy credit and soaring property values have given way to precipitous busts. Public debt in Ireland is expected to soar to 83 per cent of gross domestic product next year, from just 25 per cent in 2007. Latvia is sinking into debt even faster. Its borrowings will reach the equivalent of nearly half the economy next year, up from 9 per cent a mere two years ago.
    That 83% is before NAMA, so add in another 35%, thats nearly 120%. The collective interest alone for the Nation next year will be 25 Billion. So everyones first 250 Euro the earn a week will go to servicing just the interest alone, nevermind the principal.

    After Dubai, where the next debt bombs lurk?
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

  4. #4
    Politics.ie Member HarshBuzz's Avatar
    Join Date
    Feb 2008
    Posts
    11,891
    Mentioned
    0 Post(s)

    Default

    I can only presume the OP is an attempt to cheer people up before Xmas?

    or a joke?
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

  5. #5
    Politics.ie Member
    Join Date
    Jul 2008
    Location
    This side of the ground
    Posts
    219
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Cassandra Syndrome View Post
    Doldrums? It hasn't even started



    That 83% is before NAMA, so add in another 35%, thats nearly 120%. The collective interest alone for the Nation next year will be 25 Billion. So everyones first 250 Euro the earn a week will go to servicing just the interest alone, nevermind the principal.

    After Dubai, where the next debt bombs lurk?
    Explain why the above affects the likes of Intel, Pfizer, HP, Microsoft J&J to name a couple... these are our primary exporters and the above will employ thousands....

  6. #6
    Politics.ie Member HarshBuzz's Avatar
    Join Date
    Feb 2008
    Posts
    11,891
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Middleaged View Post
    Explain why the above affects the likes of Intel, Pfizer, HP, Microsoft J&J to name a couple... these are our primary exporters and the above will employ thousands....
    will the net effect to the irish economy of any export pick-up by these corporates negate the net effect of increasing unemployment, increased taxes, increased debt servicing costs, increased emigration, increased cross-border shopping etc?

    I would respectfully suggest not
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

  7. #7
    Politics.ie Member Eurocitizen's Avatar
    Join Date
    Oct 2008
    Location
    Naughty Land
    Posts
    808
    Mentioned
    0 Post(s)

    Default

    I am convinced that there are people who actually despise good news .

  8. #8
    Politics.ie Member HarshBuzz's Avatar
    Join Date
    Feb 2008
    Posts
    11,891
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by eurocitizan View Post
    I am convinced that there are people who actually despise good news .
    everybody likes good news (hurray for good news!)

    but to take a single piece of good news out of the overall situation and represent it as a macro trend....that's just myopic and delusional
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

  9. #9
    Politics.ie Member
    Join Date
    Jun 2004
    Posts
    294
    Mentioned
    0 Post(s)

    Default

    The export sector of our economy may be 'stabilising' but our internal market is still deep in depression. Our public spending is out of control following rapid expanision of public sector employment based on bubble revenues, which is driving massive borrowing that we'll be paying for forever. All of this is before any mention of the bailout of the builders and the bankers, with borrowed money, which again we will be paying for forever. So while one sector of the economy is stabilising, exports, the overall economy is still a basketcase.

  10. #10
    Politics.ie Member
    Join Date
    Jul 2008
    Location
    This side of the ground
    Posts
    219
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by HarshBuzz View Post
    will the net effect to the irish economy of any export pick-up by these corporates negate the net effect of increasing unemployment, increased taxes, increased debt servicing costs, increased emigration, increased cross-border shopping etc?

    I would respectfully suggest not
    No,and I agree,no immediately, but we have to start somewhere, and it was always going to be when US, UK, Europe recovered... as global demand increases and it will, our FDI's will increase production, which in turn will feed the greater economy..

    Thats why Lenihan needs to do the right thing in the Budget, not the popular thing the right thing, other wise we'll never get out of this mire... this goes for any other political party that goes into governement... we have to get used to unpopular decisions.... as a people, a country, and as an economy..

Page 1 of 11 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •