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View Full Version : And the aftershocks.....

AVGWarhawk
10-02-08, 12:27 PM
http://business.timesonline.co.uk/tol/business/markets/article4864032.ece
FIREWALL
10-02-08, 12:48 PM
So the worlds economy is falling apart huh.:rotfl:

Doe's this mean we should all reserve a spot in the soup line. :p
CCIP
10-02-08, 12:50 PM
So the worlds economy is falling apart huh.:rotfl:

Doe's this mean we should all reserve a spot in the soup line. :p

NO SOUP FOR YOU!

http://www.youtube.com/watch?v=YJyGJQx2Fgk
DeepIron
10-02-08, 12:56 PM
Guess I'll shut down my 401K and move the $$$ to Ireland... :shifty:
CCIP
10-02-08, 12:57 PM
Guess I'll shut down my 401K and move the $$$ to Ireland... :shifty:

Isn't Ireland (officially) in a recession already?
DeepIron
10-02-08, 01:06 PM
Guess I'll shut down my 401K and move the $$$ to Ireland... :shifty:
Isn't Ireland (officially) in a recession already? Maybe so... but I don't hear MY government guaranteeing my money... :lol: As a matter or fact, I expect the blackhearts to give it away to the cretins at the failed/failing banking institutions for THEIR retirement! ;)
CCIP
10-02-08, 01:11 PM
Guess I'll shut down my 401K and move the $$$ to Ireland... :shifty:
Isn't Ireland (officially) in a recession already? Maybe so... but I don't hear MY government guaranteeing my money... :lol: As a matter or fact, I expect the blackhearts to give it away to the cretins at the failed/failing banking institutions for THEIR retirement! ;)

Ah yes, this is what I was thinking of: http://news.bbc.co.uk/2/hi/business/7635426.stm
Tchocky
10-02-08, 01:15 PM
Guess I'll shut down my 401K and move the $$$ to Ireland... :shifty:

Isn't Ireland (officially) in a recession already?

We sure are. Stats office confirmed it last week.

I'm seeing the Government guarantee as proof of just how fuxx0red our banking system is, everything is in housing.

It's being spun here as a precaution.
Aye, a precaution that is twice the size of our GDP.
Which is under heavy investigation by the EC for illegality.

That said, I moved house recently, and if you're renting it really is the time to drive a bargain.

EDIT - We're seeing an awful lot of UK/USA companies moving their tax domiciles here because of our lower rate of corporation tax. There is some pressure to change that.
AVGWarhawk
10-02-08, 01:16 PM
It won't be long, France is just the first domino to fall.
DeepIron
10-02-08, 01:20 PM
It is the first time Ireland has experienced a recession since 1983. Not a bad track record I reckon. Especially for a country the size and economic clout that Ireland is/has...

And, it mostly appears to be connected to housing and construction, much as ours is in the US. However, I'd judge the *scale* of the recession in Ireland will be somewhat less than that of the US and the Irish are already moving in a positive direction to work things out... Guaranteeing bank accounts rates way up there in my book!

Meanwhile, here in the states it's "pigs and lipstick", business as usual, and no "reliable" relief yet in sight... ;)

It won't be long, France is just the first domino to fall. [EDIT]Sarkozy is already moving. I anticipate a "free for all" to ensue while nations scramble to shore up and save their own economies and skins...