Elix

@danobrien20 And IPAS millionaire “hoteliers”

Cost of living concerns surge in today's poll and is the biggest issue. A year ago (the second chart) it was the third most salient issue for voters. It's more than curious that the government does not address concerns about immigration - consistently among voters' top three concerns - by saying it will limit student and worker visas owing to capacity constraints, housing, healthcare etc. The constituency in favour of continued high rates of immigration is likely to tiny - language school owners, some employers and fringe, open border ideologues.

@Cat_States What if if Skywater acquires IONQ instead…

Trouble in paradise? $IONQ’s $1.8bn $SKYT deal got hit with a Second Request from the FTC last week. SkyWater has been the neutral fab of choice for quantum companies like $QBTS, PsiQuantum and many more. Telling those customers their new landlord is their biggest rival was always going to be problematic. This would be like if $NVDA bought $TSMC and decided to stop making Google TPUs and $AMD GPUs. $SKYT is trading at a ~15% discount to the acquisition price, so the market is not convinced the deal will happen. $IONQ is relying on this to accelerate its roadmap - so it would be a big blow.

@EwanMacKenna His bias because of the guys Dublin accent who is probably in a trade doing just fine “are you receiving HAP yourself”. There would be no such comment for some liberal social science grad working part time for 20k a year but who sounds like the right sort to Cuddihy.

Cuddihy has this totally arseways. If 400 in a payment for working Ukrainians to get rooms is needed as otherwise those rooms wouldn't be available, and the market is brutal, why isn't it available to Irish people needing a room instead? And first? Why prioritise everyone else?

@ciarannugent Genuine question. Do you take these figures at face value and think “that’s grand”. Are you paid to push these comparisons? That same dual income couple could not afford to live in Dublin in any comfortable capacity. But their parents could have done so on a single income.

A two-earner couple in Ireland, one on average wages, one on 67% of average wages (pretty close to median wages........together around €92,000) pay an effective income tax rate of 21%, below the EU average

@IrishmanIRL As soon as he hears a Dublin accent he resorts to “are you in receipt of hap yourself”. You can be guaranteed Cuddihy wouldn’t ask the same of some social science grad working part time in a cafe. This guy probably doing very well for himself in a trade but that’s lost on RTE.

"I work with Ukrainian lads and I know they recieve ARP payment" Lefty Liveline host Kieran Cuddihy rolls his eyes at Irish caller who doesn't think Ukranians should be given €400 per month advantage payment

@fiannafact NTMA

@Independent_ie @PaveePoint always silent on these matters.

I say ‘I can’t do this anymore’ 10 times a day, and then the phone rings – meet the reluctant animal rescuer fighting to keep her sanctuary open buff.ly/sOW1PrB

@ciarannugent But yet is outlived in lifestyle terms for the most part by the average social welfare/housing recipient in Dublin.

A worker on 100k is nowhere close to 'middle Ireland' They are at the 92nd percentile They earn more than 92 out of 100 workers in Ireland The middle 50% of Irish earners (p25-p75) earn between €25,000 and €60,000 a year

@ciarannugent Wow, highest earnings and income inequality is partly the result of an entire welfare class who in many cases are as well off as people earning six figures. The corporate tax comment is also largely nonsense, the burden of taxation in Ireland falls on higher earners.

The USC shouldn't be lowered. We're a low tax economy reliant on a handful of corporations for way too much of our revenue. We've some of the highest earnings and income inequality in Europe and this will dispropirtionately benefit higher earners.

@Thugger72 @Tobias_Smythe @ciarannugent It has outperformed Irish property over all time periods. There is simply no comparison.

@Tobias_Smythe @ciarannugent The S&P500 doesn't provide a high yield investment return per month with relatively high capiral growth.

A rentier capitalist housing market bucks in all the capital in Ireland and away from productive endeavours If you've a few tens of thousands of euro, the easiest money on planet earth is to buy a property and rent it to someone who doesn't have a few tens of thousands of euro

@JosephL32949820 @thejournal_ie @EmployRightsIE It’s a borderline legitimate industry. Extremely lucrative.

@thejournal_ie @EmployRightsIE €800,000 fraud including social protection fraud granted free legal aid. Do we blame the fraudsters or the fact that our systems allow this and our system administrators are maybe instructed to apply the law liberally to some applicants

A Nigerian man living in London, charged with money laundering connected to an €800,000 fraud, had been flying to Dublin weekly to collect the dole, a court has heard jrnl.ie/7023676t

@danobrien20 These numbers are totally meaningless in an Irish context.When a single earning SHO doctor or sub partner level lawyer or big4 accountant/consultant in Dublin cannot afford the equivalent CBD social house/apartment the council will hand out you know the system is totally broken.

Another panellist claimed Ireland was more unequal than other countries, which is totally untrue, whether by wealth or income. In fact, Ireland is one of the most equal countries in the world.

@Cat_States He does as a good a job as many institutional analysts I know.

@Hulk9Smash You think Mr Kwon is an analyst? 😂

Picture this. You’re running a ~$20B market cap quantum computing company. The DoD is a customer. Whole nation states want your systems. You’re working at the cutting edge of technology. How would you choose to spend your Tuesday? Heads down delivering the tech, right? Not if you’re the CEO of $IONQ. Somehow, he thought it was a good use of time to sit down for interviews with a Korean YouTube stock promoter who monetises a retail following via a $25/month subscription. Meanwhile serious quantum efforts like Google, IBM, Quantinuum and Infleqtion ( $INFQ ) are quietly building the tech. $IONQ might move some more in the short-term, but over the long-term, the market is a weighing machine.

@EO_Halloran When off duty armed response unit members are being killed in temple bar by scumbags the stats become meaningless. Dublin is far more dangerous now for general violence, nuisance, pickpocketing etc. The high level drug dealers now know that killing eachother is bad for business.

Its impossible to describe how insidious this propaganda is Irelands violent crime rate was higher 20 years ago Dublin is a safer city than most if not all American cities But explaining that doesn't create a visceral, uninformed emotive response like a video suggesting chaos

@Capt_of_Sense @Traceykehoe3 @rtenews Statistics🤣. Every single article mentioning waiting lists citing public vs private waiting times. Go knock yourself out and have a read. Also, there are SHOs rounding on consultant’s private work in well known private hospitals in this country. You probably think that’s ok.

@Capt_of_Sense @Traceykehoe3 @rtenews Tell me how it’s not detrimental. What other profession at this level allow for outside work in the same field and is not perceived as a conflict interest? How is it that the private work can be more lucrative than the public? In which case the private work becomes the priority.

One medical consultant employed by the HSE was paid on average €17,492 per week in 2025. The medic was the only HSE employee to receive over €900,000 last year rte.ie/news/ireland/2…

@EwanMacKenna The political elite for most of her adult life consisted of Mary Robison and Mary McAleese as president and then smattering of Francis Fitzgerald and also Helen Mcentee for minister of justice. Throw in Mary Harvey for good order and then Noirin O'Sullivan as head of the gards

The head of state of the country she lives is a woman. The minister of health in that country is a woman. As is the minister for defence. And foreign affairs. And education. And youth. And children. And disability. And equality. And chief whip. The leader of the union that has control over where she lives is a woman. As is the chief diplomat...

@_The_Prophet__ The wider quantum ecosystem has quietly pushed on over the last 18 months. If the technology delivers there is the potential to see once in a generation levels of concentrated wealth creation.

⚡️The deeper thing nobody in finance media wants to discuss is that AI might break the entire traditional valuation framework. The assumption that you can discount future cash flows at a reasonable rate assumes cash flows that are somewhat predictable. In an environment where a new capability can eliminate a business category in eighteen months, future cash flows are not predictable enough to price confidently. So the market defaults to pricing current earnings with progressively less weight on the future. That compresses multiples across the board until the visibility improves. When does visibility improve? When AI’s economic impact becomes legible. Which requires at least one full cycle of companies being destroyed by AI and new companies being built on AI, with clear evidence of the magnitudes involved. That’s probably a three to five year process. Which means multiples stay compressed for three to five years unless something breaks the uncertainty faster. Chamath is right that multiples don’t come back unless AI turns out to be less impactful than advertised. He’s wrong that this means multiples don’t come back. They come back for the winners. They stay down for the losers. The average stays compressed because there are more losers than winners and the sorting takes time. The people making real money through this period are not the ones playing the index. They’re the ones picking the winners individually, or they’re the ones invested in the private companies where the AI value is being captured before it hits public markets, or they’re the ones operating in the spaces AI hasn’t reached yet and won’t reach soon. Specific positioning on specific companies and specific themes. Not macro index bets. The real signal is that the sorting phase is underway, the dispersion is widening, and the people who understand which companies are on which side of the AI transition are going to make the most money of any generation in market history. The people who don’t are going to watch their index fund underperform while both the winners and losers diverge from the blended average.

@Capt_of_Sense @Traceykehoe3 @rtenews Probably because this consultant’s private work clinics occurred in public facilities and the ridiculous contracts allow them to double job to to detriment of their public obligations.

@Traceykehoe3 @rtenews Why not ?

@danobrien20 They wouldn’t understand what contracts to even search for to get an idea. Nor would anyone in the department of finance, the central bank or the NTMA for that matter.

Politicians, of all people, should stop fanning fear flames. European gas prices are currently quite normal relative to the past three years. They were EIGHT times higher at peak in 2022. Oil prices are under $100 a barrel. That's on the high side but less than half they're all time peak of over $200 a barrel (in today's prices) way back in 2008.