{"id":3342,"date":"2018-05-31T09:13:59","date_gmt":"2018-05-31T09:13:59","guid":{"rendered":"https:\/\/project.blueberry.ie\/back4good\/cms\/?p=3342"},"modified":"2018-05-31T09:55:14","modified_gmt":"2018-05-31T09:55:14","slug":"redwarningfor-ireland","status":"publish","type":"post","link":"https:\/\/project.blueberry.ie\/back4good\/cms\/redwarningfor-ireland\/","title":{"rendered":"Red warning for Ireland – Stay indoors and stop spending"},"content":{"rendered":"

If the Irish Weather service – Met Eireann did economic warnings, Ireland would today be under a Status Red<\/strong> warning following today’s OECD report.<\/p>\n

A status Red warning demands that we ‘take action to protect ourselves and our families by moving them out of danger.’<\/em><\/p>\n

Back 4 Good<\/strong> are quite surprised that Leo and his team Pascal, Simon x 2 and Eoghan are not running hourly press conferences advising the Irish people that the economic crash is on the way and to stay indoors and stop spending.<\/p>\n

\"\"<\/p>\n

Today’s OECD report<\/strong> warns of high temperatures and an “Overheating Economy ” this of course is not fresh news to members of the Back 4 Good <\/strong>platform as we have warned that without corrective action Ireland is heading for Crash 2.<\/p>\n

Like Crash 1 we find that Crash 2 is again driven by construction related activity with borrowing rising significantly over the past 6 months.<\/p>\n

As we look up at the economic sky we see dark clouds and just behind these hidden out of view is our old friend a property bubble<\/strong> with house prices growing by an unsustainable 13% pa.<\/p>\n

Other concerns on the horizon is a warning by the Irish Central Bank on Monday that almost 8000 mortgages taken out before the crash could default in the event of Crash 2 taking place.<\/p>\n

Indeed some parts of Ireland have already encountered stormy weather with one famous Tech hero Web Summit’s Paddy Cosgrave<\/strong> warning yesterday, as he announced over 50 new jobs, that\u00a0‘high rents and house prices were now a significant factor in trying to attract people to work in Dublin.’<\/em><\/strong><\/p>\n

Mr Cosgrave went on to say that ‘some of the largest and fast-growing companies, like Amazon and Stripe, are openly talking about the problem of housing in Dublin.’<\/em><\/strong><\/p>\n

The Web Summit themselves are now providing a mortgage supplement, or a rent supplement for some new employees to assist them in dealing with the property boom.<\/p>\n

And of course there is Italy which is heading into a new economic crisis with the country at risk of a financial crash and markets around the world shaken as investors shift money away from banks into safe havens of state bonds.<\/p>\n

The impact on the Euro and the Euro zone along with the upcoming Brexit will add further concerns and damage to Ireland with the strong possibility that Italy will require a large bail out.<\/p>\n

\"\"<\/p>\n

Yet the Irish Government, basking in the outcome of last week abortion referendum, appear to be oblivious to the Red Warning<\/strong> as supplied to them by the OECD, with Government Spending increasing significantly and a planned expenditure of an extra 4 billion in budget 2019 in October.<\/p>\n

We all recall that this is exactly what happened just before crash 1 in 2006.<\/p>\n

Hold on to your hats guys the storm is on its way for sure (again).
\n <\/p>\n

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<\/div>\n
By Gregory Craig<\/strong>
\nFounder and Developer of Back 4 Good, a key influencer and global talent marketing and change strategist.
\nAn expert on Talent sourcing on a global scale in all industry sectors and occupations.
\nDevises innovative solutions to discover, match and secure top talent.<\/div>\n

 <\/p>\n

\n<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

If the Irish Weather service – Met Eireann did economic warnings, Ireland would today be under a Status Red warning following today’s OECD report. A status Red warning demands that we ‘take action to protect ourselves and our families by moving them out of danger.’ Back 4 Good are quite surprised that Leo and his […]<\/p>\n","protected":false},"author":4,"featured_media":3341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[561,560,562,506],"class_list":["post-3342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crash","tag-irish","tag-italy","tag-overheating"],"acf":[],"_links":{"self":[{"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/posts\/3342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/comments?post=3342"}],"version-history":[{"count":7,"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/posts\/3342\/revisions"}],"predecessor-version":[{"id":3350,"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/posts\/3342\/revisions\/3350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/media\/3341"}],"wp:attachment":[{"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/media?parent=3342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/categories?post=3342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/project.blueberry.ie\/back4good\/cms\/wp-json\/wp\/v2\/tags?post=3342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}