Merv....."reasonably confident"

JayBrun

purch wrote: »

......that CPI will fall back next year !!!
To somewhere around the target.
Somewhat confident that it will fall to below the target in 2013

Perhaps it depends on what criteria 'Merv' was using to come to that conclusion.

Had he considered the collapse of the Euro, his prediction could well have been radically different.

ILW

globalds wrote: »

The Connection with unemployment and property values in Ireland is pretty easy to see.

A huge overcapacity of manpower in the construction industry has been left jobless.

This is a direct result of stupid money being assumed to be made on any project being thrown up.

Demand Destruction is a consequence of a property and construction spiral that has been discovered for what it is ...An impossibility to maintain at anything like the level that was seen by some as "normal"

A simple rule of thumb for anyone to see and that should raise concerns would be .....If your city redevelops and the skyline changes by anything more than 5% a year ..Then it is time to be worried... ..This is not sustainable.

Boom and bust.
But they never seem to learn the lessons.

ILW

JayBrun wrote: »

Perhaps it depends on what criteria 'Merv' was using to come to that conclusion.

Had he considered the collapse of the Euro, his prediction could well have been radically different.

It was obvious to many that the Euro project was flawed. Funny how those in the know were either blind or chose to ignore it.