Irish Govt raises four-year austerity target to €15bn

[gaelic cowboy]

Are they coming here again?

USA, Austrailia, New Zealand, UK and Canada plus the rest of the world but it doesn't really count the rest of the world does it.

[Strike For The South]

USA, Austrailia, New Zealand, UK and Canada plus the rest of the world but it doesn't really count the rest of the world does it.

I don't understand why it's so hard to stay put. Does Ireland smell? Is it cramped?

Don't get me wrong I love red hair, plae skin, and the accent as much as the next guy but we moved on to brown immagrants like 50 years ago. Did no one tell you?

[rory_20_uk]

Does Ireland smell? Is it cramped?

All sorted.

[gaelic cowboy]

I don't understand why it's so hard to stay put. Does Ireland smell? Is it cramped?

Don't get me wrong I love red hair, plae skin, and the accent as much as the next guy but we moved on to brown immagrants like 50 years ago. Did no one tell you?

Oh it's all covered in the secret treaty between the Pope the NWO and Guinness

[gaelic cowboy]

A PDF of some boring economic data from EUROSTAT that cheers me up a bit about our economy paying back the debt

Annual comparison
In September 2010 compared with September 2009, production of capital goods grew by 7.5% in the euro area and by 8.7% in the EU27. Intermediate goods increased by 6.8% and 7.5% respectively. Production of energy rose by 1.8% in the euro area and by 0.8% in the EU27. Non-durable consumer goods gained 1.6% and 2.5% respectively. Durable consumer goods fell by 0.2% in the euro area, but increased by 2.2% in the EU27.
Industrial production rose in all Member States for which data are available, except Greece (-7.6%), Portugal (-2.4%) and Spain (-1.4%). The highest increases were registered in Estonia (+31.1%), Latvia (+19.0%), the Czech Republic (+12.2%), Poland (+12.1%) and Ireland (+10.9%).

Irish industry outstrips euro zone
Updated: 12:06, Friday, 12 November 2010 RTE News
Ireland has recorded the biggest month-on-month rise for industrial production across the euro zone, official figures have showed.
While industrial production across the euro zone fell by 0.9%, Ireland bucked the trend, surging 7.9% in September compared to August.
Ireland also showed the fifth highest rise year-on-year from September 2009 to September 2010.
The estimates were released by Eurostat, the statistical office of the European Union.

Now if those bond traders would just off with the irrational herd behaviour elsewhere things would be grand.

You know things are funny when the old people up and down country supping and cooling over a glass of porter on pension day in pubs all over Ireland are comparing City bond traders to "There the new Tan's I tell ye" while playing a game of 25.

Daily discourse here now revolves around having an intimate knowledge of the interest rate on the second hand bond market in London, every up and down is watched by people who until the year before last probably thought a Bond meant Jimmy Bond from MI6.

[rory_20_uk]

It's not just human traders, it's the armies of AI-bots who buy and sell based on specific criteria, so the smallest change can be amplified so quickly.

[gaelic cowboy]

It's not just human traders, it's the armies of AI-bots who buy and sell based on specific criteria, so the smallest change can be amplified so quickly.

And yet those bots failed to save them from crashing the world with all those CDO's an SIV's I think we need a bit of inefficiency in the City style financial industry if you ask me.

Massively efficient highly financialised industry kills itself really the old style ability to take advantage of a difference in price disappears in nanoseconds.

[rory_20_uk]

They can't make a game AI work in a completely walled system, underpinning the capitalist world on then isn't going to be clever either.