Is The Economy Just Now Falling Apart

[Declan]

 

[Declan]

Looking at a drop tomorrow.

 

[Coal Gas and peat]

1 netflix stock costs 447 dollars .......that is very dear

 

[jpc]

1 netflix stock costs 447 dollars .......that is very dear

For mostly woke dross.
Phenomenally overvalued.

 

[Coal Gas and peat]

Nigel Farage is getting revenge on the bank closing his account and putting him out they have been forced to issue a grovelling apology

 

[Mad as Fish]

Nigel Farage is getting revenge on the bank closing his account and putting him out they have been forced to issue a grovelling apology

Any links to help us savour the moment?

 

[Coal Gas and peat]

Any links to help us savour the moment?

https://www.irishnews.com/news/ukne..._only_a_start_as_he_vows_to_fight_on-3455420/

https://www.msn.com/en-gb/news/othe...rust-reporting-of-my-old-employer/ar-AA1e8zGQ

Broadcaster Jon Sopel has issued an apology to Nigel Farage after previously mocking the former UKIP leader's cancelled account with bank Coutts.
On July 4, Sopel joked about Farage's complaint, following initial BBC reports that Coutts didn't cater for clients with less than £1million in their current account.
Sopel, himself an ex-BBC correspondent, tweeted: 'You must feel a bit of a Charlie if you’re Nigel Farage, and you claim that it’s all an establishment stitch up that your account’s been closed when it’s just you’re not rich enough for Coutt’s.

 

[Mad as Fish]

https://www.irishnews.com/news/ukne..._only_a_start_as_he_vows_to_fight_on-3455420/

https://www.msn.com/en-gb/news/othe...rust-reporting-of-my-old-employer/ar-AA1e8zGQ

Broadcaster Jon Sopel has issued an apology to Nigel Farage after previously mocking the former UKIP leader's cancelled account with bank Coutts.
On July 4, Sopel joked about Farage's complaint, following initial BBC reports that Coutts didn't cater for clients with less than £1million in their current account.
Sopel, himself an ex-BBC correspondent, tweeted: 'You must feel a bit of a Charlie if you’re Nigel Farage, and you claim that it’s all an establishment stitch up that your account’s been closed when it’s just you’re not rich enough for Coutt’s.

Cheers!

 

[Mad as Fish]

https://www.irishnews.com/news/ukne..._only_a_start_as_he_vows_to_fight_on-3455420/

https://www.msn.com/en-gb/news/othe...rust-reporting-of-my-old-employer/ar-AA1e8zGQ

Broadcaster Jon Sopel has issued an apology to Nigel Farage after previously mocking the former UKIP leader's cancelled account with bank Coutts.
On July 4, Sopel joked about Farage's complaint, following initial BBC reports that Coutts didn't cater for clients with less than £1million in their current account.
Sopel, himself an ex-BBC correspondent, tweeted: 'You must feel a bit of a Charlie if you’re Nigel Farage, and you claim that it’s all an establishment stitch up that your account’s been closed when it’s just you’re not rich enough for Coutt’s.

So even the government has woken up and intends doing something about it. I mean, its not like Britain is anything like Ireland with its hate speech laws, oh no, perish the very thought!

 

[Coal Gas and peat]

More revenge for Farage now with the boss of Natwest having to resign in shame for putting out a bullshit story of fake news against Farage

NatWest chief executive Alison Rose has stepped down after admitting to the inaccurate briefing of a BBC journalist about the closure of Nigel Farage’s bank account. Her departure, after more than three decades at the UK taxpayer-backed Ulster Bank parent, marks the latest escalation in a high-profile row between the political pundit and former leader of the UK Independence Party (Ukip) and one of Britain’s biggest banks.

https://www.irishtimes.com/business...lison-rose-steps-down-after-nigel-farage-row/

So much winning

 

[Mad as Fish]

More revenge for Farage now with the boss of Natwest having to resign in shame for putting out a bullshit story of fake news against Farage

NatWest chief executive Alison Rose has stepped down after admitting to the inaccurate briefing of a BBC journalist about the closure of Nigel Farage’s bank account. Her departure, after more than three decades at the UK taxpayer-backed Ulster Bank parent, marks the latest escalation in a high-profile row between the political pundit and former leader of the UK Independence Party (Ukip) and one of Britain’s biggest banks.

https://www.irishtimes.com/business...lison-rose-steps-down-after-nigel-farage-row/

So much winning

There was a time when companies stayed well away from politics, but now they think they are big enough to push the politicians around, hopefully this affair will help put them back in their box.

 

[Wolf]

https://www.irishnews.com/news/ukne..._only_a_start_as_he_vows_to_fight_on-3455420/

https://www.msn.com/en-gb/news/othe...rust-reporting-of-my-old-employer/ar-AA1e8zGQ

Broadcaster Jon Sopel has issued an apology to Nigel Farage after previously mocking the former UKIP leader's cancelled account with bank Coutts.
On July 4, Sopel joked about Farage's complaint, following initial BBC reports that Coutts didn't cater for clients with less than £1million in their current account.
Sopel, himself an ex-BBC correspondent, tweeted: 'You must feel a bit of a Charlie if you’re Nigel Farage, and you claim that it’s all an establishment stitch up that your account’s been closed when it’s just you’re not rich enough for Coutt’s.

Get woke and eventually go broke.
I'd say there was massive pushback against this from a lot of rich and influential people.

 

[jpc]

The consequences of a single currency and EU bureaucracy.

Nine EU Countries Have Still Not Received Any Money From The COVID-19 Recovery Fund | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Mad as Fish]

I keep hearing that mortgages over 200k are very rare, the banks don’t appear to be lending above that figure, not out this way (Munster) anyway.

Is the government pulling their strings, putting an unofficial cap on loans to keep house prices down? I’m starting to think it might be.

 

[Professor]

I keep hearing that mortgages over 200k are very rare, the banks don’t appear to be lending above that figure, not out this way (Munster) anyway.

Is the government pulling their strings, putting an unofficial cap on loans to keep house prices down? I’m starting to think it might be.

But it may have something to do with the forthcoming interest rises, and the fact that a pile is waayyy overpriced in the ripublic to start with, so combine the two and one ends up expected to repay unrealistic payments for 40 years - Seems very risky at the moment - Best wait for the next Crash and see what economic value can be had, might not be long to go

 

[Mad as Fish]

But it may have something to do with the forthcoming interest rises, and the fact that a pile is waayyy overpriced in the ripublic to start with, so combine the two and one ends up expected to repay unrealistic payments for 40 years - Seems very risky at the moment - Best wait for the next Crash and see what economic value can be had, might not be long to go

That kinda depends on how a house is valued. Generally speaking they are selling for less than their rebuild costs in this area. As one who is actively house hunting at present I'm only too painfully aware that what is on the market is crap, nearly all that we look at need a further 50 - 100k spent on them to bring them up to modern standards, which suggests that they are valued about right if the cost of replacement is the main criterion.

It might be argued that wages are too low rather than house prices too high, which brings us to the point that a large part of the build cost is labour, if wages go up then so will the cost of building/refurbishing them, it's a closed loop that is tricky to break out of.

It's also worth noting that Ireland is still a lot cheaper than the UK and in fact is not that much dearer than the Balkan states, indeed, it's a lot cheaper than say, a pad on the Med in Croatia. The middle of France may be bargain basement, but you'd need to take your own job because there aren't any out there.

 

[Declan]

This nsanity can not continue and I am waiting till it cracks. It is utterly ridiculous. A regular house close to me is now supposedly valued at over a million dollars.

There will soon be a tsunami of practically everybody just stopping their mortgage payments.

My brother sold his house in 2017 and it is up for a foreclosure auction in September. The buyers could not make the payments.

Even with NO MORTGAGE at all, it will not unusual to have say 8500 property tax. 700 a month right there, just one miserable bill before you buy a biscuit.

This is all coming down as we speak now.

 

[Coal Gas and peat]

https://www.breakingnews.ie/ireland/accenture-to-cut-890-staff-in-ireland-1509438.html

The trend of significant job losses continues

 

[Declan]

The contraction in Ireland will be epic. the sooner the better.

 

[Jay Homer Simpson]

The weather this past month of July has been exactly like 2008 and we all remember what happened next in 2008