Posted by Jeffery on September 3, 2008, 11:42 pm, in reply to "Re: Too Much Doom and Gloom?"
99.10.115.205
Mind you, 8% for next year is being tossed around in the papers. Just in time for me to start looking for work in Ireland. 
--Previous Message--
: I wrote a short article in the newsletter in
: January 2007 about Nancy Reagan's dress and
: the speed that sentiments shift. It's all
: overblown, unless you're the one out of a
: job.
:
: One definition I've heard is that a
: recession is when your neighbour loses his
: job; depression is when you lose yours.
:
: Anyway, here's that article again, apropos
: your comments about doom and gloom. It's a
: bit dated, but the sentiments are still
: valid.
:
: Nancy Reagan's Dress
:
: The big question is whether we get a much
: needed cooling down or hard fall. When I
: gaze into my crystal ball, I see Nancy
: Reagan’s ball gowns.
:
: In the early days of the Reagan
: administration, the media trumpeted the
: glamorous Reagan White House. Post peanut
: farmer, glitz was the talk of the town.
:
: And then one week, as if someone had flipped
: a switch, the news was all about the bad
: economy. It was literally overnight and the
: public mood shifted with the speed of
: Katrina hitting New Orleans.
:
: If you don’t remember those vanished times,
: then think back to March 2001. In early
: March, people were still hocking their kids’
: socks to buy internet phantasms. And by
: April, it was all over.
:
: I’m not saying that Ireland faces a bust.
: What I am saying is that these economic
: swings can happen with amazing speed. One
: day you’re flush with web stocks. And the
: next, you’re flushed.
:
: Scott
:
: --Previous Message--
: Saw this in the Times today:
:
:
:
: http://www.irishtimes.com/newspaper/frontpage/2008/0821/1219243767680.html
:
: "Soars to 5.1%"
:
: Soars? Unemployment is never good but saying
: that "soars" to 5.1% is a little
: bit much when you think about averages and
: such across the world in many other
: countries. Maybe not what Ireland is used to
: in the last 10 years, or so, but still it
: makes me wonder.
:
: Maybe say, "crept up" instead?
:
: I think "soars" is a bit of an
: exaggeration?
:
: It sounds like the Times is trying to
: compete with the Indy?
:
: Global economy is hurting, for sure, but
: what will the press say and write if, and
: when, things pick up in a year or so? I'm
: sure they won't look back on this period and
: that they will report on whatever current
: negative issues are the talk of the day.
:
: It's not just the Times or Indy I'm picking
: on.
:
: It seems to be "if it bleeds, it
: leads" all over the universe.
:
: Makes one not want to ever pay attention to
: the news and listen to what the "real
: folk" are saying.
:
: Very jaded on the whole news thing, as you
: might have noticed!
:
: Cheers,
: Mike
:
:
:
:
: Mike
:
:
:
:
:
:
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