walk2dewater said:Why do I get the feeling that nobody remembers what a recession is like?
jpd said:The only thing experience teaches us is that experience teaches us nothing. André Maurois (1885-1967) French biographer and writer.
bearishbull said:two articles in newspapers today about irish economies vunerabilities. one was about our reliance on foreign multinationals who spend 30billion in this economy and that they are likely to leave ireland for eastern europe..
Duplex said:Ccovich
I would like to know how does your snide remark add to the debate?
Chamar said:Sometimes the mods need moderating......
CCOVICH said:In case you are not familiar with it, the warning triangle in the top right hand corner is the 'report bad post' function. It allows you to do exactly that. All moderators get the e-mail. (I note that we haven't received one from the poster I have allegedly offended).
Given that a fair whack of the overall market cap of the ISEQ 100 is comprised of banks (heavily dependent on Irish retail lending, and by association, the construction industry), construction/DIY (who depend on demand for new homes and infrastructure) and media (who depend on recruitment and property advertising for a large measure of their revenue), it will more than likely take a dive (depending on the severity of the/any slowdown). Not many are well deversified georgraphically (I won't discuss specific stocks), so not much solace there.Slim said:What might happen to the stock market,
Assuming they are positively related to economic activity, they would fall. So much of the increase in revenue in recent years has been down to stamp duty on property and VAT receipts consumer spending, that even a modest slowdown could have interesting effects. One way to counteract any decline would be a fresh round of investigations-maybe targeted on property?Slim said:the tax revenues,
Pretty much done to death elsewhere on AAM. We may yet here more on the subject on this thread......Slim said:the property market,
Depends on the attitude and credit control policies of lenders-but I'd imagine there will be some increase.Slim said:bank repossessions
You might be able to catch the live show in few years time. Or we may 'pull a Homer'.Slim said:I am trying to get an overall view of what might happen.
CCOVICH said:High interest rates
High taxes
High unemployment
High emigration
High volume of 'how do I save money' queries on AAM!
Low prices
Low morale
Low volume of 'I have a lump sum that I want to invest?' type queries on AAM!
I guess that pretty much sums it up? 'It' being how things were when Ireland last experienced a recession? Will things be different this time? Or are we better able to withstand a slowdown this time round?
walk2dewater said:A return to stricter lending criteria?
walk2dewater said:Setting up of an independent agency to monitor and report actual transaction prices in a transparent manner?
walk2dewater said:Reorganisation of tax laws to promote owner-occupation of property?
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