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NikolazTesla, your reply is what is to be expected from someone who quotes the bible for no reason.
Another post without substance, only "phrases" and some insults.
Leave the sermon for the mass where you will find many sheeple looking for guidance that they don't get.
I am out of this.
For 15 years we have grown by over 5% p.a. Now we are told we might fall back 0.4% and people are making for the back room with a bottle of whiskey and a revolver. What's the big deal? I am not an economist but how can slipping back a few months mean the wheels are coming off?
Now - do not take this personal - but this shows your ignorance - read my post to see what I think of statues!
Thank God someones pointed this out! Recession! Its only going to be a recession in the strictest technical sense. -0.4% for one year after stunning growth for 12yrs is nothing. Even if the ESRI are wrong and it's -1, or -2... thats comparitively little. Yes people will lose jobs and in vast numbers, but at least as a nation we have built up substantial personal savings.
In a yrs time after 3yrs of university and a top class degree i'll be out in the real world starting off on €380 - €390 a week (if i'm lucky). My girlfriend is finished and is on €150 a week for the next month gaining experience with the prospect of €400 a week therafter.
Awful? No. At least we can get jobs locally with great long term prospects. This is not the 80's - we will not be returning to that, that is a scenario completely different to now when everyone suffered vastly. This time round it is only the fool hardy who will suffer - those who squandered the fruits of the boom, speculated at the peak on property or who left school without proper education, attracted by short term high wages in the construction sector.
Thank God someones pointed this out! Recession! Its only going to be a recession in the strictest technical sense. -0.4% for one year after stunning growth for 12yrs is nothing. Even if the ESRI are wrong and it's -1, or -2... thats comparitively little. Yes people will lose jobs and in vast numbers, but at least as a nation we have built up substantial personal savings.
In a yrs time after 3yrs of university and a top class degree i'll be out in the real world starting off on €380 - €390 a week (if i'm lucky). My girlfriend is finished and is on €150 a week for the next month gaining experience with the prospect of €400 a week therafter.
Awful? No. At least we can get jobs locally with great long term prospects. This is not the 80's - we will not be returning to that, that is a scenario completely different to now when everyone suffered vastly. This time round it is only the fool hardy who will suffer - those who squandered the fruits of the boom, speculated at the peak on property or who left school without proper education, attracted by short term high wages in the construction sector.
excuse me I am not ignorant, I know exactly what you writing about and to be honest it doesn't interest me one bit. I am not interested in philosophical debates and a financial forum is not the place for you to start on.
Nikolaz, are you a crazy Scientologist or Tony Quinn drone? Sounds like it with all this talk of freeing yourself from the herd.
Tesla have you been playing with your electric machines again?
Your ideas are intriguing and I wish to subscribe to your newsletter.
Yes people will lose jobs and in vast numbers, but at least as a nation we have built up substantial personal savings.
You have a finely tuned sense of ironySorry - I don't have one yet, but I will consider it if I get enough requests - maybe a poll?
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