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The Recession Is Over
 
# 1 : Monday 10-10-2011 @ 20:16
 
 
This thread is only meant to be used to share (anecdotal) evidence that the recession is over.
Recent reports suggest that the job and real estate markets are starting to peak up after a short second dip.

A friend of mine looking for a job for the past 3 years has just found one, and saved his house. If he had remained jobless for another 2 months he had decided he would just leave the keys to the bank and resume renting.

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# 2 : Monday 10-10-2011 @ 20:31
 
 
After the throngs mobbing the Oktoberfest on Saturday evening, you'd be forgiven for thinking there never were a recession! There was a two-hour queue just to even get in!
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# 3 : Monday 10-10-2011 @ 20:34
 
 
We are in recovery now which is even worse. The IBEC Business Sentiment recent survey results were quite positive though.
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# 4 : Monday 10-10-2011 @ 22:03
 
 
There's a bit of spin there. IBEC only ever produce press releases to further one agenda or another. They lost all credibility with me during the summer when they launched one broadside after another at the minimum wage and how it was costing jobs. It managed to escape the attention of the bigwigs in IBEC that a job's FA use if you don't make enough to live or feed yourself out of it.
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# 5 : Monday 10-10-2011 @ 22:04
 
 
Was that not ISME?
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# 6 : Monday 10-10-2011 @ 22:08
 
 
It was but to a lesser extent. Some of the more hard-hitting claptrap about eight something an hour spelling the deathknell of western civilisation as we know it was coming out of IBEC. Deeply ironic, I felt, as many of them doubtless have the few 'owl investment properties rented out to such workers.
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# 7 : Monday 10-10-2011 @ 22:20
 
 
Someone said :
There's a bit of spin there. IBEC only ever produce press releases to further one agenda or another. They lost all credibility with me during the summer when they launched one broadside after another at the minimum wage and how it was costing jobs. It managed to escape the attention of the bigwigs in IBEC that a job's FA use if you don't make enough to live or feed yourself out of it.

I wonder would it be a Favour to FG, to release that info as gay is fcuked in the elections? Hmmmmmmmmmmmmmmmm, the plot thickens?
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# 8 : Monday 10-10-2011 @ 22:31
 
 
Someone said :

I wonder would it be a Favour to FG, to release that info as gay is fcuked in the elections? Hmmmmmmmmmmmmmmmm, the plot thickens?

I don't think anyone's too bothered about the elections bar possibly the Sindo , certain online fora and the candidates themselves.
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# 9 : Monday 10-10-2011 @ 23:36
 
 
There are tenuous indications that the housing market crash is beginning to approach the bottom and there seems to be quite a few announcements of new job creation, but as the old adage goes "one swallow does not a summer make" and I think it's a little early to be saying that the economy is in recovery just yet.
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# 10 : Monday 10-10-2011 @ 23:39
 
 
The trough will be reached at the end of the year.

Flatline til 2015.

Ascent in Dublin area will be abrupt.

Buy before then.

Apparently.

If you own a 2 bed apartment in Tubbermomacwards, Co Sligo, pop: 31 and a seasonal flock of barnacle geese, then tough shit you fool.
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# 11 : Monday 10-10-2011 @ 23:39
 
 
Number 2.
Another person I know got a job on the same day as my friend.
They do not know one another but by the look of it they were in the same interview batch.

And one of them is useless for the job, so it's a sign swallows will soon return in flocks, when hopeless people are sought after.
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# 12 : Tuesday 11-10-2011 @ 01:32
 
 
Someone said :
The trough will be reached at the end of the year.

Flatline til 2015.

Ascent in Dublin area will be abrupt.

Buy before then.

Apparently.

If you own a 2 bed apartment in Tubbermomacwards, Co Sligo, pop: 31 and a seasonal flock of barnacle geese, then tough shit you fool.

That's a very callous and cruel thing to post. 300,000+ households in this country are struggling in negative equity and mortgage arrears.
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# 13 : Tuesday 11-10-2011 @ 01:53
 
 
Successive quarters of positive growth mark the end of a recession and the start of an expansion.

I think the coming budget will be very important in determining consumer sentiment. If taxes are hiked again, it will go against the growing narrative that we are on the up-and-up.

Steady increases in mortgage variable interest rates are taking place despite the ECB holding off on increases.

Wage cuts, tax increases and mortgage repayment increases all combined make it more difficult for homeowners to make repayments. Negative equity, which JK highlights, makes it impossible for those people to discharge their debt or move to a better earning locality. That, in turn, depresses the housing market further.

I think we are a long way from true recovery yet. It may be 2014 before the recessionary knife stops flaying the skin of the hapless citizen.
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# 14 : Tuesday 11-10-2011 @ 11:56
 
 
It only took me 75minutes in the signing on que today, thats down 10 minutes from the 3 months ago.
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# 15 : Tuesday 11-10-2011 @ 12:27
 
 
Someone said :
It only took me 75minutes in the signing on que today, thats down 10 minutes from the 3 months ago.

Once it goes under 70 min, we can start breaking out the end-of-recession champagne.
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