Is the recent financial bubble about to break agai

[rollotomaz1]

Green shoots and recovery/businesses cloing every day or another crash just after Xmas ?

The experts are saying that this years holiday season is going to tell us if things are picking up, many people are not taking out the micro loans from the sharks so its anybodies guess.

http://by117w.bay117.mail.live.com/default.aspx?wa=wsignin1.0

[andyh]

I'm guessing the UK news will hit home this xmas and force sterling parity with the euro.
Last xmas saw it almost happen, iirc last xmas it was blamed on "rogue currency trades".
Must've been a hell of a rogue trade lol.
http://www.irishtimes.com/newspaper/finance/2008/1230/1230581468529.html

That was around xmas 2008.

Now this one was interesting also a year ago but they date the end of 2009 as the time for parity-
http://www.ftadviser.com/ftadviser/investments/assetclass/moneymarkets/cash/news/article/20081112/11001b48-b0b5-11dd-a1f7-00144f2af8e8/parity-between-euro-and-sterling-expected-by-end-of-2009.jsp

And now we have reports like this-
http://business.timesonline.co.uk/tol/business/economics/article6888173.ece

Just over a week ago now.

It's all adding up to a repeat performance of last year, only we're already at 90p to the Euro at the mo.

Certainly a lot of joe bloggs in the UK care more about keeping sterling than worrying about what the EU is really all about. Parity will lend credence to changing over to the Euro add to this that the lisbon treaty will be a done deal before cameron gets voted in.

[rollotomaz1]

I'm guessing the UK news will hit home this xmas and force sterling parity with the euro.
Last xmas saw it almost happen, iirc last xmas it was blamed on "rogue currency trades".
Must've been a hell of a rogue trade lol.
http://www.irishtimes.com/newspaper/finance/2008/1230/1230581468529.html

That was around xmas 2008.

Now this one was interesting also a year ago but they date the end of 2009 as the time for parity-
http://www.ftadviser.com/ftadviser/investments/assetclass/moneymarkets/cash/news/article/20081112/11001b48-b0b5-11dd-a1f7-00144f2af8e8/parity-between-euro-and-sterling-expected-by-end-of-2009.jsp

And now we have reports like this-
http://business.timesonline.co.uk/tol/business/economics/article6888173.ece

Just over a week ago now.

It's all adding up to a repeat performance of last year, only we're already at 90p to the Euro at the mo.

Certainly a lot of joe bloggs in the UK care more about keeping sterling than worrying about what the EU is really all about. Parity will lend credence to changing over to the Euro add to this that the lisbon treaty will be a done deal before cameron gets voted in.

Andy, what is the recession like compared to the Uk, do you think the EURO has helped or not, do you see many companies closing like here in the Uk, do you have many enpty shops in the smaller towns ?

[andyh]

Despite what has been said, not much impact has been felt by the Irish.
A lot of this is down to the incredibly high welfare payments here.
I won't go into specifics but put it this way it makes the UK payments look puny.

Irelands main money has been in building here, there's been thousands of detatched brand new houses popping up all over the place and they are waaayy bigger than houses in the UK.
This business has definitely collapsed but there's more to Ireland than just this.
There's a huge pharma and IT business in Ireland.
These jobs have remained unaffected for the most part, well trained professionals have kept their jobs.

For example, Dell in Limerick have moved out a lot of work to Poland, however they have left their huge server farm there and the main job losses were eastern europeans.

Now both the UK and Ireland trade mostly with each other...and with the United States. Although we do import a fair bit from Germany for example we don't really export as much as we used to do. Now it's all brain power services. Software, Science (Pharma/Chems), Business Solutions yadda yadda.

All this is fine and quite predictable as outsourcing and cheap imports become more common. The trouble is that places like India are beginning to turn out some smarts...by that I mean that there's people in India who have MCSE's, programming qualifications and CCNP etc.

This will begin to mean that professional IT jobs will even get outsourced, I also predict that Iceland will gain from Ireland shortly as places like Google and Microsoft and Dell will move their server farms there when the Green Taxes come into force.
There is a company (who seem to have a hell of a lot of Brits there) there who are ready to reap the whirlwind. If you want to buy any shares try here lol.
http://news.bbc.co.uk/2/hi/programmes/click_online/8297237.stm

http://www.verneglobal.com/

All thats stopping Iceland from getting all this business at the moment is
a) Logisitics of moving the kit
b) Bandwidth and peering.

Ireland has actually not had the cut throat competition we are used to in the UK from supermarkets...YET.
There's lots of small supervalu shops in rural locations which make a killing with very overpriced goods.
Dunnes have made a half hearted attempt but been very nasty with their own suppliers/traders.
Tesco look primed to start building some supermarkets out in the rural areas soon, with the recession I can see them easily muscling in.

All in all, I don't see Ireland keeping it's 12% corp tax advantage and I see a lot of huge empty houses dotting the countryside, these will go up for cheap rents with their own private water supply. I wouldn't be surprised to see increased black market word of mouth trading as the Irish don't know how to advertise diddly squit compared to the Brits. (not that I mind all this , I love them all the more for it lol).
I think there will be quite an exodus of immigrants from Ireland as the low skilled jobs disappear first, but I think things will settle out due to the low population levels and the Irish govt may well cut back to very small levels inc cutting back the gardai etc.
If/when the IT biggies really do leave Ireland proper then there'll be a lot of peeved off Irish unemployed.
It's worth remembering that Ireland also has a very high percentage of self employed.
There'll be winners and losers imho but when the EU begin to sink their teeth in, I'm betting that a lot of eastern europeans will feel the most pain.

[dolores1]

Look at all the sales. TPTB are trying to detach as many sheeple from their present and future cash as possible.

I owe

I owe

So off to work I go!

That's their plan for people, to keep them in fear.
False
Evidence
Appearing
rRal!