The Economic Impact of Covid 19

[TheCountryChef]

Making it up is exactly what they are doing.

[IrishInOz2020]

As I’ve said on other threads here - you’re in for a long sh*tyy winter of lockdowns - watch the economy slowly sink and the house prices follow soon after.

Sell sell sell!

[propertyspire]

We are really missing satire these days. Badly need to get it back in these humourless times.

McConkey explains the importance of going to 11.

Like the Amp in Spinal Tap. You couldn’t make this up at this stage.

I think we need a guide to living with NEPHT. I think they have overextended and removed any remaining goodwill this time.

[Open_Window]

Anyway, NPHET looking to move to level 5 and finish the country off once and for all. Surprised how little reaction to this on the Pin. Cant see cabinet rubber stamping this one. Something strange going on though, last Thurs Nphet said they wouldn’t be recommending moving country to level 3, and a few days later Holohan decides to return and first day back calls a Nphet meeting and attempts to shut country down with a level 5. What happened in those 3 or 4 days?

DJT

[Poacher]

No level 5. As you are for Dublin and rest of the country joins us at level 3

Micheal most likely couldnt sell it to party TDs who in turn couldnt sell it to constituents. Duffys circus all round.

Interesting to note that lefties like Coppinger and Boyd Barrett are straight out of the traps to suggest that blood will be on the Govts hands for failing to lockdown if numbers rise. They really want the economy to tank so as to make capital from the ensuing human misery.

[Lefournier3]

The fiscal cost of the pandemic is becoming clearer but it could get even worse:

€42 billion in 2020 and 2021 could quickly become €47 billion or more and the momentum of economic recovery would be halted, with unemployment remaining above 14 per cent.

Almost all of this deficit is due to increased government spending. The only tax cut worth noting is the VAT reduction from 13.5 per cent to 9 per cent. No help if your pub or restaurant is closed.

When did economic stimulus become synonymous with increased government spending?

Will this largesse become permanent?

[TheCountryChef]

In a word, yes.

They have just bought compliance and loyalty sweetened with hope .

Art/life. https://youtu.be/hS57I6swXcc

Wakey peeps.

[Poacher]

Interesting take on the future of what became a cash cow for the education sector over the past decade.

This should result in lower rents in the short term and will put financial pressure on Irish 3rd level institutions over the medium to longer term.

The interruption of lectures twinned with a sharp decline in international students has precipitated a cash flow problem for the majority of Irish universities, Trinity not least among them. With Queen’s College Belfast chartering literal planes to fly in foreign students and societies seeing corporate sponsorship dry up, the business model by which Irish universities have coasted on appears to be hitting a fork in the road.

For the decade after the ‘08 crash while being engines of progressive power, the majority of Irish universities have survived only through a hybrid of foreign students paying inordinate fees as well as private sector donations. With the cessation of foreign travel this equation is shattered, the number of international students tanking in the region of 50% in some institutions, with many pondering the sector’s viability.

Is Ireland’s International Student Bubble About to Burst? | The Burkean

The linked Journal article is here

'A slightly lesser place': Challenges ahead for universities as international...

[beattie]

This should result in lower rents in the short term and will put financial pressure on Irish 3rd level institutions over the medium to longer term.

I can see a number of the student developments that have sprung up being taken over by the councils to alleviate the pressures they are facing, so a bail out in effect. The Greens have signalled that Direct Provision is going to end over the next few years so this might assist them in that endeavour. Hopefully students manage to get cheaper rent out of this. Though if general rents drop considerably in the medium term they might start looking at renting in the places they got priced out of in the last 7-8 years.

Those new developments under construction in Belfield are a sight to behold. If foreign students don’t return in large numbers then they will have a serious hole in their finances.