There is no doubt that Ireland will suffer a wobble, even lose a few branches when the ground shakes following the implementation of Brexit by the "English" crowd, who are going to restore "Britain's Greatness" much like Trump.
It will feel like winter for a while until the winds from Europe and huge QE take effect.
Ireland has friends in Europe and has always been helped by Germany over the last forty years or so as is well known.
Whatever about the politicians, Irish business will not be found wanting when it comes to reaching out in the search for new opportunities in Europe and its 550 million consumers.
Recent events, Covid and Brexit are unfortunate and maybe tragic complications for some people, for the next couple of years - over time however Ireland will emerge stronger and even more resilient in the end as new opportunities emerge in Europe and elsewhere.
The Irish people know well how to cope with hard roads - after all they have built many of them.
Good luck all...
Seeing my grandsons tomorrow - first time since March - we will be in a large park up here.
Returned to the links on Thursday in good weather, after a couple of wobbly holes was able to open my shoulders again, can honestly say I am hitting it better than at any time in the last five years - which is a great feeling for me.
Almost made me forget how much I have been swindled out of from both sides in this farce - ripped off in the re-valuation and twisted by the manipulators...
Looking forward to Tuesday and taking it out on the ball.
God it's been windy up here.....
Good luck all..
The markets have a very short horizon, when panic sets in it is just like an avalanche when everybody presses their buttons.
All we can do is sit it out until the storm blows over - where we will be when it stops raining is anybody's guess - what is certain is that we will be looking at a much smaller economy, probably 20% smaller, when the purchasing power of so many households and individuals has been slashed.
Part of the outcome I feel will be separation from China in the interest of ONSHOREING a lot of the Chinese production in order to create jobs whilst de-stabilising China at the same time - they have had enough of our intellectual property and money.
Thinking of cashing mine in and putting it in a fruit machine or Lotto tickets....
Good luck all.
Ah now I remember him - I'll have to use the filter again.
I remember Ireland before it broke the link financially with the UK - bit like throwing out the anchor - money from the CAP made a big difference - not only in tractors.
Greetings - somebody (Ranger) opined that he saw the end of the European idea - I don't.
They all know or should, that the Union is the best way forward from many points of view not least financially. It should be remembered that the EU was seen as a joke when it was the original seven, because of the progress made more countries joined including Ireland.
Because of the currency speculators "another joke was launched - The Euro" in answer to the constant shellacking that individual currencies were being subjected too by the big funds in the US and the UK, who simply played pump and dump with national currencies like the Lira and the Punt amongst others.
Perhaps our new friend from Salford can tell us where the Euro stands now in relation to the Pound and more to the point, where he sees the Pound going in the forthcoming RECESSION...
The Europeans are not by inclination over generous, particularly the Dutch who know the price of everything, but really any group would be irritated by the antics of the Greeks and the Italians. Europe has come through a lot since the formation of the Euro whilst absorbing all the small impoverished countries and Poland,freed from the Russian yoke with the collapse of the Soviet Federation.
That it might fall apart now is very unlikely, there is after all strength in solidarity which is not always appreciated by some of those smaller nations but I see no inclination in any of them to rejoin the Soviets.
Now you ask me about Britain and its links with the two other nations Wales and Scotland - there could well be a breakup there - even the "Loyalists" voted against Brexit having proved that they anybody's for the right price.....
Good luck all - hope the camper van is keeping clean during lockdown.
And there was me thinking that "ye all were cocooned" and then we are visited by two economists who it appears are also historians.
One Euro to TWO is no great stretch for this share that at the moment has lost its fizz - I can still remember the day that it doubled in value.
I can also remember Norman Lamont's bouncing credit card and Black Friday, when Britain's failure to work within a financial discipline was exposed.
What a good job they have been able to discover "Greatness" - with what lies ahead it will not not put any butter on their parsnips.
Still, these two jokers stirred the pot for a few minutes in spite of the fact that one of them did not know how to spell "Unionist's."
Good luck all...
A few year s ago now a man who I assumed was a Tory said quite seriously - "we won the war, now we must win the economic war" - his face was perfectly straight when he said it, which led me to conclude that he had been persuaded and impressed by something that had been said to him by somebody like Nigel Farage.
Amazing isn't it that these people actually exist and are used to being led like sheep, have encountered the same mindset here by people who believe that "greatness" is just around the corner.
The only reply is "sorry mate"
My thanks to Mick-B for his thought provoking post..
Which means that although I am tempted - I won't be putting anymore in....
There was a time being Irish and a national bank meant something - now with our politicians I'm not so sure.
Good luck all - should be back on the links soon, so at least I have something to look forward too besides tramping around in the Mournes, because the Colleen loves walking.
Good luck all..
Northern Ireland is nearly as bad as the UK - 35% more deaths averaged over the two populations - N.I 1,882 versus the Republic 1,265 as at last weekend.
Good luck all..
"WHERE WAS BORIS" - I am almost reliably informed that Boris went missing for those days - because he was too embarrassed to appear wearing a "shiner" given to him by his paramour.
She must give as good as she gets....
Interesting call today from some bloke with a London number who told me that he was with some crowd called Lion Investments and did I want to invest 10K min. in Thames Water or the National Grid. He was offering a bond which could be one two or three years or left until maturity in 2026.
Have never heard of these people and I find cold calls cheeky, because my/our details must have been gleaned from somewhere or maybe it was a shot in the dark!!!
Made me think though - having been burned with this share why would I take a shot in the dark based on nothing more than a cold call. I asked for more details and got an Email almost by return but have already decided that I am going to invest in a new motor when we are next free to do so and buy another 1,000 of these blighters so as to lower my average.
With businesses turning into basket cases and a lot of money having just been burned it is not surprising that there are people looking for money, any money, as they scramble to emerge from this shambles. "Throwing good money after bad" is the expression that comes to mind but also being on the lookout for scams.
I can see no compelling reason for getting involved with The City at this time and I have not forgiven them for 2008 yet.
Good luck all
When I said that I could foresee change on the horizon, it was because of the general malaise which had set in with regard to the UK economy as Brexit approached.
This was on top of the unrest apparent in the retail and property sector where the large chains - (those that are left) - were looking to reduce the cost of their presence in all those lovely shopping centres that no decent sized town could afford to be without - when they were building them !!
An economy which is driven by debt is always vulnerable to a downturn, the UK economy will not be restored quickly when the means of reviving it is apparently more debt.
I know that a bankers juices will always flow at the prospect of a large accumulation of debt, because they believe that if you can generate a large loan book a steady income stream results - "Get em into debt and live off the interest" is a very old maxim mostly attributed to the money lenders of old but with several modern day parallels.
This pandemic however is a whole new ball game which in addition to the damage that it will do to the productive elements of the economy, it will provide ample cover for employers to reduce their headcount which will impact the economy.
Services both financial and insurance based will be among the first casualties, followed by the retail sector - quite where it will end is anybody's guess, which makes me very glad to have ended my direct participation in the economy when I did, because I would probably not have survived the effects of the virus on the business that I ran because of the after effects on the hotels next season.
Now I'm getting depressed - perhaps if I considered Irelands future over the next ten years it would cheer me up - because I have much more faith in the youngsters here and ability to rise to a challenge.
Good luck all......
When you are on that ladies salary why bother - if she is fired she'll be given a parachute - the same lady probably buys one lottery ticket, but only every two weeks in case she is throwing money away.
I used to have an accountant with the same disposition - but not for long.
Good luck all better days are coming..
Wexford - many thanks for the mention and hope that you are at least enjoying this beautiful weather which is making our isolation/cocooning at least tolerable.
As far as my swing is concerned the only thing that I am swinging at the moment is my paint brush up the ladder or my grass rake in the garden - thank god that we have a decent sized one because I would have gone mad in an apartment.
At least the news is improving but as of tonight we have three more weeks in lockdown as they call it.
When this is over we are asked to head south which might even include Courtown or your other beautiful course nearby - can't remember the name but was very impressed when we were looking for property around Gorey before we moved up here.
Now, that's enough of my memoirs, we'll have Radar yawning.....
keep well everyone...
I don't think that this has much more sinking in it - we are now at less than the lowest point reached in the crash. I topped up the last time at a low figure to lower my average and then got shafted with the new issue.
There are no compelling reasons to top up now with so much uncertainty on the horizon and many reasons to hang on to my cash until we get a better forecast.
Good luck all...
Cash is King - Quite true and will be for a while - that's all a tradesman will take up here, their very sniffy about cheques or a direct transfer into their account.
I just wonder without considering our lost income from this share OR BEING SHAFTED, how much real money has been devalued over the last ten to twelve years.
The news today was of a 35% drop in economic activity in the immediate aftermath of the Corona with a consequent impact on employment which will hit everything.
Don't know about squeaky bum time - more like tin hats and sandbags - CAPPING IT ALL IS THE FACT THAT OUR COURSE IS CLOSED>>>>>
Good luck all and stay well - Please..... Poor Radar can't even jog off in his camper van without risking arrest.....