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Thread: Yippee - Recession is over

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    Politics.ie Member hammer's Avatar
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    Default Yippee - Recession is over

    Increase in sales 'proves recession is over' - Irish, Business - Independent.ie

    It must be true. Its in the Independent and Davys confirm it

    This is the same country where economic genuises didn`t even realise technically that we were in a "depression"

  2. #2

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    Good old Aideen with her wee fairytales.

    1. Retail sale VALUE is down from last. Only cars and furniture and lighting which were coming form practically zero were up.
    2. The tax receipts were 10% lower than last year, reflecting a further 10% contraction in the economy.
    3. And the live register figures? Aye
    4. I see Fergie of IBEC, saying that consumption had increased as people have had more confidence since the budget. Thats right with the savings rates increasing, credit shrinking and incomes falling people where consuming more. Thats real deductive logic for you there.
    5. If I see, thanks to the scrappage scheme one more time.... A government stimulus package created originally from taxing real wealth creation to throw at an import. A leakage made worse through a quango, poured back into the economy only to be leaked away again to Japan.

    Nice writing Aideen, glad you see you are impartial and not in anyway a FF Gombeen.
    “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

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    Politics.ie Member firefly123's Avatar
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    I have a lovely semi made completely of pyrite for sale in longford. Very convienient for the dublin commute. 400000 euro! Also if you buy now I will give you a discount on an apartment in chechnya.

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    Quote Originally Posted by Cassandra Syndrome View Post
    Good old Aideen with her wee fairytales.

    1. Retail sale VALUE is down from last. Only cars and furniture and lighting which were coming form practically zero were up.
    .
    It annoys the bejesus out of me the way the volume figure is the one that's not only quoted first in the media but reported first in the CSO documents. It's largely meaningless.
    We need to radically change every system that has enabled the wholesale destruction of the Irish landscape, rural and urban. There is no time for incremental step by step measures. The systems have failed utterly and the only hope for a real recovery requires the rule book to be torn up completely.

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    Politics.ie Member hammer's Avatar
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    Retail sales in value cannot rise year on year for another 3 years at least. It doesn`t make sense.

    Disposable income is LESS across the economy due to

    1 435,000 + people unemployed. Income less
    2 PS have taken a 10% - 15% pay cut
    3 Private sector ( not all ) have taken various cuts
    4 Income levy & health levy were introduced
    5 Income levy was doubled
    6 Mortgage rates are up .5%
    7 Private healthcare is up

    and soon to be introduced

    1. Further mortgage rate increases
    2. Water rates
    3. Property tax
    4. Home insurance price increase
    5. Motor insurance price increase

    Not to mention that tourist numbers are down 100,000 a month.
    Not to mention that prices are down in supermarkets, pharmacy, convenience, department stores etc.........


    Also the banks have stopped lending.

    HOW THE ******************** could retail sales be up

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    Politics.ie Member hammer's Avatar
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    Maybe next year we will finally realise that the calulation of

    LIVE REGISTER - INFLATION - RETAIL SALES ETC. is utterly flawed.

    Crap in. Crap out.

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    Ha Ha Ha Ha
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

  8. #8

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    Quote Originally Posted by firefly123 View Post
    I have a lovely semi made completely of pyrite for sale in longford. Very convienient for the dublin commute. 400000 euro! Also if you buy now I will give you a discount on an apartment in chechnya.
    Pyrite is that lovely shtuff that looks just like gold isn't it firefly?

    If tis near Loch Gowna I'll pay up,sure tis only a short helicopter ride to the railway at Edgeworthstown.Is the Salmon of Wisdom thrown in?

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    Politics.ie Member Eurocitizen's Avatar
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    How dare they tell us we are coming out from recesssion, why would they do that to us ? are they trying to ruin our lives ? have they no consideration for the people who just love to moan and groan ? do they not appreciate that there are people who never want things to improve so as that everyone else can live a miserble life they always have?

  10. #10

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    Quote Originally Posted by Eurocitizen View Post
    How dare they tell us we are coming out from recesssion, why would they do that to us ? are they trying to ruin our lives ? have they no consideration for the people who just love to moan and groan ? do they not appreciate that there are people who never want things to improve so as that everyone else can live a miserble life they always have?
    Because they are constantly getting people's hopes up for their own selfish ends. This article comes out as 1,100 banks across the Eurozone are in a liquidity crisis and are facing bankruptcy.

    If there was a positive direction in policies to steer us put of this mess, than yes we should all cheer. But there is not. Remember September 2008 post Lehman's crash? Its happening again only this time its entire nations rather than banks.

    So these articles apart from applying a brief moment of gallows humour are inciteful to reactionary rage filled responses as their bury the head in the sand mentality and the avoidance of the grossly overweight elephant in the room overwhelms you.
    “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

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