Monday, November 19, 2007

Circle of Life

One of the drawbacks to listening to the radio while driving is that your attention has to necessarily fade in and out. So, I can't say who I heard making the point (on Newstalk on Saturday) or how credible his source was, but I nearly lost control when I heard him say that the Irish economy was heading towards unemployment rates of over 7% by the end of next year.

Well, that's that then. Apparently the construction industry expects 60,000 job losses (did I hear that right?) in 2008.

Remember when the Celtic Tiger was but a cub? It seems now all we're left with is the possibility of gnawing on our own paw before the Irish economy becomes worm food.