21 thoughts on “Friday’s Papers

  1. Gabby

    Being a cabbage picker as a summer job is ok, but who wants to spend their entire life doing the job, especially in bad weather? Daily Star.

    Reply
    1. Junkface

      Yes. China could tank their economy with this Evergrande real estate thing. If they do, they might invade Taiwan as a distraction, but this could also cause a Wall st. crash bigger than anyone expects.

      Reply
    2. ce

      Yeah, I think there’s a lot of “that’s far away and doesn’t effect me” with the Evergrande thingy – basically 2008 all over, except it’s starting in China… probably/hopefully not quite as bad as 2008, but likely some stormy weather if they don’t make their interest payments in 30 days… also property bubble bursting in China… what could possibly go wrong with that in terms of geopolitics…

      Reply
      1. E'Matty

        A few threats to stability on the horizon. Evergrande collapses and pushes China and the world into a recession. Energy crisis and fuel shortages. Suppy chain issues, including talk of empty supermarket shelves in the UK. Any fuel and energy crisis will almost certainly impact directly on already straining global supply chains. A disturbing number of things lining up as has been predicted.

        Reply
      2. just millie

        Think we might hold off on buying a house for a couple of months, see what way the wind blows on this.

        Incidentally, I remember watching a piece by Vice on the Chinese construction industry and how it was being used to artificially inflate their economy, and the enormous risks they were taking by doing so. Unsustainable, is what the experts said.

        Reply
        1. goldenbrown

          Millie
          personally I wouldn’t buy a stick right now, Dublin or down the country, even if it is going to be your “forever home”….just my feeling… hyperinflated assets everywhere, lots of weirdness…if you need a bit of reassurance on your position dig out The Big Short for another viewing, where are your fundamentals if it’s all based on a lie wha?

          Reply
          1. just millie

            I worked for DNG just before the last crash and it feels eerily similar.

            We’re kind of in an impossible situation, where we can’t rent for much longer and yet trying to buy a house, which is the only viable option we seem to have, feels increasingly risky.

            That said, if the property market goes down the capper in the next few months, we might be able to buy a decent property instead of an overpriced box.

  2. Fergalito

    Gorging on BBC 6 as they plunge me into the nostalgia pool that is 1991 !

    I feel like Homer eating Pinchy – 30 years ago…mwah ! Ooh …. KLF … yummy !

    Nom..nom..nom..nom..nom…

    Reply

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