Friday, September 30, 2011

Day 1095 of the Recession

Well some of my ardent Blog followers may be wondering why I have waited 1095 days to make another pithy commentary on the recession, well to be truthful I was hoping it would have been over by now.... not to be.
Instead Ireland are been held up as the whipping boys for Greece to behave and come on side......listen hear Papandreau if you don't cut your costs we'll do to you what we did to Ireland......no no please Madam Merkel anything but that.
So my friends how has the recession been for you, comforted to know that while you struggle to keep a job, the cost of all basics are going up, your mortgage has gone up if you were not on a tracker and your income has gone down.
We now have a plethora of additional tax's with more to come, additional tolling to be added to the M50.
Funny how when you look into the recession and see that NAMA could sell 3 London hotels for the outstanding loans plus interest, then why couldn't these have been left with the banks and everybody sit tight and within 1000 days off load the loans for face value, a bit of funding to keep the banks on day to day running and they may have been able to sort out there own balance sheets without costing the tax payer
Funny how there is talk of over supply of apartments in the city, 25,000 talked of, yet when you look into it there is only 4,500 apts for rent and a shortage of apts in some areas with strong rents holding up in all areas of the city.

If we had all set tight what might have been for a lot less money.