Comments on: Economic and property doom in Ireland http://www.gavinsblog.com/2008/07/06/economic-and-property-doom-in-ireland/ Estd. in Ireland, July 2002 Thu, 08 Jan 2009 18:02:55 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Lenihan: We didn’t notice the downturn | Gavin's Blog http://www.gavinsblog.com/2008/07/06/economic-and-property-doom-in-ireland/comment-page-1/#comment-667631 Lenihan: We didn’t notice the downturn | Gavin's Blog Mon, 15 Dec 2008 18:27:06 +0000 http://www.gavinsblog.com/?p=3226#comment-667631 [...] minds of some politicians and commentators. The ESRI estimates looked low-ball to me at the time - and I said as much. I added: As for the recent rise in unemployment, things are going to get much worse I fear. [...] [...] minds of some politicians and commentators. The ESRI estimates looked low-ball to me at the time - and I said as much. I added: As for the recent rise in unemployment, things are going to get much worse I fear. [...]

]]> By: Gavin Sheridan http://www.gavinsblog.com/2008/07/06/economic-and-property-doom-in-ireland/comment-page-1/#comment-517526 Gavin Sheridan Mon, 14 Jul 2008 03:09:31 +0000 http://www.gavinsblog.com/?p=3226#comment-517526 Interesting. I'm not sure it's media reports, more like the figures. I too agree that periods like this are good for economies. My hunch is it will be far higher than 6%, largely on the basis of an imploding construction industry. I guess we will find out by the end of this year. If the glass is half full, what are we to do about our indebtedness? Interesting. I’m not sure it’s media reports, more like the figures.

I too agree that periods like this are good for economies. My hunch is it will be far higher than 6%, largely on the basis of an imploding construction industry. I guess we will find out by the end of this year.

If the glass is half full, what are we to do about our indebtedness?

]]> By: The Glass Half Full Man http://www.gavinsblog.com/2008/07/06/economic-and-property-doom-in-ireland/comment-page-1/#comment-517506 The Glass Half Full Man Mon, 14 Jul 2008 02:11:04 +0000 http://www.gavinsblog.com/?p=3226#comment-517506 I fear the litany of media reports about recession may have got to you. I don't agree with your 10% unemployment forecast for next year. It is my view, and it's only a hunch of course, that unemployment could reach 6% next year but no higher than that. As for the cycle we are in now, well yes troughs happen every so often and we are entering one now. However the only consolation is that these are normal and to be expected in a capitalist economy. The task now for business and government is to weather our economic Winter and prepare for the green shoots of Spring. I fear the litany of media reports about recession may have got to you. I don’t agree with your 10% unemployment forecast for next year. It is my view, and it’s only a hunch of course, that unemployment could reach 6% next year but no higher than that. As for the cycle we are in now, well yes troughs happen every so often and we are entering one now. However the only consolation is that these are normal and to be expected in a capitalist economy. The task now for business and government is to weather our economic Winter and prepare for the green shoots of Spring.

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