Today is the start of the traditional builders’ August holidays. Today is ‘Black Friday’. It has been designated thus by commentators and industry spokespersons (mostly off the record) who have been predicting that today will be the last day of work for a number of building workers as a considerable number of them won’t have a job to come back to. It is part of the expected job losses in the construction sector resulting from the decline in housing starts. This would have an effect on any economy but especially here, as the Irish economy has been so dependent on construction growth. While one should guard against the ‘Cassandras’ predicting woeful tidings, if they are even half right, we could be at the beginning of a rough ride (and don’t forget, Cassandra proved correct).