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Ireland is in recession.

 
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tfunk



Joined: 12 Aug 2006
Location: Dublin, Ireland

PostPosted: Mon Sep 29, 2008 5:06 am    Post subject: Ireland is in recession. Reply with quote

It's official, according to the CSO Ireland is now in recession.

http://www.breakingnews.ie/ireland/mhqlsnauqlau/rss2/
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[email protected]



Joined: 25 Feb 2008

PostPosted: Mon Sep 29, 2008 9:56 pm    Post subject: Reply with quote

Meh, Cant say I'm that surprised or dismayed that it went so bad so quickly. The Irish economy was a clever accounting trick, all smoke and mirrors. This might put a stop to a lot of insufferable cokehead yuppies who were trying to convince themselves Dublin was London or Paris.

Most of my Immediate family are public sector workers so they're safe enough, let the purge begin.
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tfunk



Joined: 12 Aug 2006
Location: Dublin, Ireland

PostPosted: Tue Sep 30, 2008 4:37 am    Post subject: Reply with quote

It'll mean jobs will be harder to find and we'll be expected to do an honest days work...like the Polish.
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[email protected]



Joined: 25 Feb 2008

PostPosted: Tue Sep 30, 2008 5:15 am    Post subject: Reply with quote

Again doesn't bother me much,I'm planning to get a few more letters after my name and live abroad for the medium term anyway.

I suppouse I feel sorry for all those that will lose jobs, but it's a good chance for the Irish workforce to upskill and get ourselves a geniune knowledge based economy like Norway or Finland.

What we had was American companies plonking themselves on our doorstep because of our corporation tax, not because our workforce was any better than your typical Western Europen economy.

Hopefully those aforementioned muppets with 4 wheel drives, ugly tanned dolly loud girlfriends and tacky looking expensive suits will take their cocaine habits to London or wherever. Ireland was insufferable before I left, sitting in cafe's listening about their bloody Eastern European property portfolio's.
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canuckistan
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Joined: 17 Jun 2003
Location: Training future GS competitors.....

PostPosted: Tue Sep 30, 2008 5:45 am    Post subject: Reply with quote

Well they've had an impressive run the last decade.
Maybe this will bring the housing prices down in Dublin to more realistic levels.
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JMO



Joined: 18 Jul 2006
Location: Daegu

PostPosted: Tue Sep 30, 2008 6:01 am    Post subject: Reply with quote

[email protected] wrote:
The Irish economy was a clever accounting trick, all smoke and mirrors.

.


Could you explain why you think this?
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yingwenlaoshi



Joined: 12 Feb 2007
Location: ... location, location!

PostPosted: Tue Sep 30, 2008 7:19 am    Post subject: Reply with quote

Start spreading the news...
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tfunk



Joined: 12 Aug 2006
Location: Dublin, Ireland

PostPosted: Wed Oct 01, 2008 5:00 am    Post subject: Reply with quote

JMO wrote:
[email protected] wrote:
The Irish economy was a clever accounting trick, all smoke and mirrors.

.


Could you explain why you think this?


Ireland got a lot of money from the EU so part of me feels like our wealth wasn't all earned. A lot of people became rich because they owned land/property but it doesn't seem like anything outstanding was being produced in Ireland to merit the amount of money we were making. It seemed like every Tom, Dick and Harry was riding the wave but they weren't breaking a sweat. It felt dishonest to me but I do think that Irish people on the whole retained their light hearted disposition which is something to be proud of.

Ireland has a high degree of people in higher education, however having personally gone through 2 colleges in Ireland I do not have any respect for the caliber of our graduates. It amazes me how many of the graduates in Computer Science actually go on to work with computers in any capacity that requires a formal education. In my case it was around 10%... and similar numbers for engineering.

I'm guessing that 'copy and paste' is the basis of a large amount of Irish peoples' education because that was my experience in two different universities.
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bassexpander



Joined: 13 Sep 2007
Location: Someplace you'd rather be.

PostPosted: Wed Oct 01, 2008 5:28 am    Post subject: Reply with quote

So are you guys saying we should expect to see a lot of Irish teachers in Korea soon?
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Wed Oct 01, 2008 5:45 am    Post subject: Reply with quote

The whole Korea esl thing will dramatically shrink as Korea joins the world in this severe recession. Ireland won't be able to export her poor to the ROK during this downturn.
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bogey666



Joined: 17 Mar 2008
Location: Korea, the ass free zone

PostPosted: Wed Oct 01, 2008 6:59 am    Post subject: Reply with quote

JMO wrote:
[email protected] wrote:
The Irish economy was a clever accounting trick, all smoke and mirrors.

.


Could you explain why you think this?


tfunk nails it. Tons of money from the EU and the preposterous housing bubble (which should have burst in Ireland a LONG LONG time ago).

I though the Irish and Spanish housing jokes would burst before the American one.
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MollyBloom



Joined: 21 Jul 2006
Location: James Joyce's pants

PostPosted: Thu Oct 02, 2008 1:55 am    Post subject: Reply with quote

I love the motherland.
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thewindsong123



Joined: 08 Feb 2008

PostPosted: Thu Oct 02, 2008 9:28 am    Post subject: Reply with quote

usa is too.
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