to all those interested, you can track this here
the values are an approximation of the current trading on 2 different 10 year bonds, both maturing in 2020
some of the better connected finance gurus might have access to the actual sales values, or more importantly, the asking values, which presumably are higher again
P.S. as to guessing when we default, given our wonderful bank guarantee, I’ll place that wager once someone clarifies whether a bank default counts or not
(as long as said someone is not a FF member)
Agree with this, US states such as California have gone bankrupt, the George Soros punt on the irish punt nearly had disastrous consequences in the early 1990s -ergo the euro itself is not the issue. The euro just needs strong arm regulation - to get countries onside the EU turned a blind eye to all sorts of shit and are now paying a price. Still France and Germany seem fine so would suggest the issue is more local economic policy and banking regulation (in Ireland our economy was built upon a pyramid scheme with zero banking regulation) rather than a question of currency. Also the notion of telling Europe to fuck off after they bail us out is ridiculous in the extreme. Our economic policy will be effectively run from Frankfurt for the forseeable future - maybe not the worst idea in the world but Ireland inc have wasted some amount of Europe funds so I wouldnt be expecting too many stimulus packages for Eire forthcoming either.
fuck me but you’re one boring bastard
http://www.achildgrows.com/wp-content/uploads/2009/12/surprise1.jpg
An Irish teacher reacts to the IMF cutting her salary by 30%.
I think I met her in Coppers one night.
Yours, etc…
I was going to make a joke about that picture about a former RTE presenter but I would go to hell for it. So no disco.
I wont fuck you but I find the macro economic stuff fairly interesting alright. Pretty sad seeing the country going the way its going
Did I say the IMF would be called in in October 2011 at the start of this thread? That was a typo.
Heard Newstalk on about it today, they were giving the impression that this would be a good thing, and the country would just keep on going. The cost of living would go down, as would wages etc but the public service might get the culling thats needed.
Are they just sitting pretty in their safe jobs or are they right? They were saying that things haven’t really been half as bad as made out in Greece for instance.
Is it all just a media over reaction? Whats the score?
Please no KIB copy and paste answers now please.
taxes will rise which means everyone will take a hit- hopefully it will be equitable but we are paying low taxes anyway
id say we will take another hit in the public sector- id be more than willing to take another pay cut at the expense of job losses or services suffering
Ya, thats fair enough, i really don’t care how much money i’m getting as long as its in line with the cost of living, my qualifications and experience in relation to everyone else in my sector. If we all have to cut down the money but keep working then fine.
I know there are thousands out of work from construction, but in fairness too many people were in it anyway. Time to retrain those who want to stay, and give them some kind of breaks if they are already qualified in something, like plumbing, and are willing to retrain.
I hear brian lenihan is going to be on vincent brown ??? after attacking rte’s coverage of the banks?
I’ve read through this again and I don’t see any snide comments or cynical, sneery digs at anyone.
Are you alright mate?
FOAD
