Board index » Linksville » Online Resources & Tracking tools

Post new topic Reply to topic  [ 10 posts ] 
Author Message
 Post subject: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 1:42 pm 
Offline
Nationalised
User avatar

Joined: Jan 1, 1970
Posts: 22764
This is a beta created by a pin user. Development began early June. The inputs that these figures are derived from will cause some debate so we decided to get it up sooner rather than later so as that debate could happen please treat it as a beta and we will develop it accordingly to hopefully reflect the true nature of Ireland spiraling debt, its the new bubble kids :shock:

Updated Irish Debt Clock - http://www.thedebtpin.com

(some users may experience problems if your IT network has blocked or you adblocked all flash files)

_________________
Follow The Pin - https://twitter.com/dailypinster

"Politicians are always realistically maneuvering for the next election. They are obsolete as fundamental problem-solvers." - Buckminster Fuller

"I was comfortable with a couple of banks being married today, instead i wake up and find I'm married to the banks." - Catbear

Image


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 2:15 pm 
Offline
Too Big to Fail

Joined: Mar 2, 2007
Posts: 4171
[quote][The inputs that these figures are derived from will cause some debate/quote]

Sorry maybe I'm just thick but where can we read about the "inputs that these figures are derived from"? Thanks


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 2:44 pm 
Offline
Too Big to Fail

Joined: Mar 2, 2007
Posts: 4171
Why is the national debt per worker not increasing as the national debt increases? Thanks


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 2:57 pm 
Offline
Of Systemic Importance
User avatar

Joined: Sep 18, 2007
Posts: 5562
Would Debt as a % of GNP be more appropriate than % of GDP?

http://neweconomist.blogs.com/new_econo ... _real.html

Apparently our GDP is a fiction.


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 5:51 pm 
Offline
Of Systemic Importance

Joined: Jun 9, 2008
Posts: 7093
The national debt figure is a model of opacity.

You have the Net National Debt, which is gross debt less lquid resources available to redeem the debt. That is the figure used in the clock. They way it is calculated is to take the opening balance of 50.4B (here http://www.ntma.ie/NationalDebt/compInstruments.php and use the current gov deficit figure (20.4B, here http://www.ntma.ie/IrishEconomy/publicFinances.php) to work out the debt at the end of the year and increment between the two.

Alternatively, there is a standard european definition, General Government Debt, which is higher as it does not allow the netting of liquid resources, so think it is a bit unrealistic.

The NTMA put the national debt at €65.3B which is 5B more that you would expect (and the click shows) at the end June 2009 but dont really provide clarity about what this comprises - ie is it timing differences in tax, money raised for the banks etc etc. Any clarity would be welcome.

The debt per worker is the debt per employee based on the employed numbers oer the quarterly household survey. (http://www.cso.ie/releasespublications/ ... t/qnhs.pdf). For clarity it is per working person and not the labour force. It does increment, just far more slowly as the movement is 2millionths of the total number.

The live register is based on the June number adding 13k per month.

The gov income expenditure is based on the April estimates (http://budget.gov.ie/2009SupApril09/en/ ... 9-2013.pdf)

Anyway, any suggestions on what whould be included, excluded, corrected etc etc welcome.

_________________
“Don't ask the barber if you need a haircut—and don’t ask an academic if what he does is relevant.” Nassim Nicholas Taleb


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 6:17 pm 
Offline
Planning Tribunal Attendee

Joined: Jan 29, 2007
Posts: 1346
The national debt figure is available for all to see on the home page: http://www.ntma.ie/home.php

However I like this idea of an online ticker; whether it's morbid or a reality check I'm not sure yet :-)

Wonder what brave soul will request planning permission for an American-style debt clock right in the middle of O'Connell Street? Or would Kildare street be better? :-)

Image


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 6:29 pm 
Offline
Of Systemic Importance
User avatar

Joined: Sep 18, 2007
Posts: 5562
crashandburn wrote:
Wonder what brave soul will request planning permission for an American-style debt clock right in the middle of O'Connell Street? Or would Kildare street be better? :-)


Sean Dunne will put one in Ballsbridge. As long as it's on top of a 37 storey tower so everyone can see it.


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sat Jul 11, 2009 7:02 pm 
Offline
Nationalised
User avatar

Joined: Jun 23, 2006
Posts: 22471
Location: Over Macho Grande? I don't think I'll ever be over Macho Grande...
crashandburn wrote:
Wonder what brave soul will request planning permission for an American-style debt clock right in the middle of O'Connell Street? Or would Kildare street be better? :-)


Seeing as we couldn't make the millenium clock waterproof, I can't see this being much of a runner either! :lol:

_________________
People change. Hairstyles change. Interest rates fluctuate.


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sun Jul 12, 2009 3:24 am 
Offline
Nationalised
User avatar

Joined: Jan 1, 1970
Posts: 22764
The Unwelcome Guest wrote:
crashandburn wrote:
Wonder what brave soul will request planning permission for an American-style debt clock right in the middle of O'Connell Street? Or would Kildare street be better? :-)


Seeing as we couldn't make the millenium clock waterproof, I can't see this being much of a runner either! :lol:


That should have been a clear sign of things to come :x

_________________
Follow The Pin - https://twitter.com/dailypinster

"Politicians are always realistically maneuvering for the next election. They are obsolete as fundamental problem-solvers." - Buckminster Fuller

"I was comfortable with a couple of banks being married today, instead i wake up and find I'm married to the banks." - Catbear

Image


Top
 Profile  
 
 Post subject: Re: Irelands National Debtclock, thedebtpin.com
PostPosted: Sun Jul 12, 2009 7:51 pm 
Offline
Nationalised
User avatar

Joined: Nov 8, 2006
Posts: 8873
Location: Location, Location.
Quote:
Clock ticking on rising debt
Sunday, July 12, 2009 By Kathleen Barrington
http://www.sbpost.ie/post/pages/p/story ... qqqx=1.asp

The general government debt stood at €60.3 billion at the end of March, according to figures from the Central Statistics Office, published at the end of June. And it’s been ticking up ever since.
If you want to know by how much it has increased in the intervening period, check out www.financedublin.com, which has come up with the idea of a live Irish government debt clock. It shows the figures moving upwards second by second before your very eyes.
In fact, Finance Dublin pointed out that the government is racking up debt at a rate of €2 million an hour, resulting in it living beyond its means to the tune of €46.25 million a day.
>>>

_________________


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 10 posts ] 

    Board index » Linksville » Online Resources & Tracking tools

Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com