Economists forecast 15 more years of strong growth

[NewDawn1]

Actually burst out laughing atthis one! If it were printed now it would most likely be 15 more yars strong growth in unemployment!

actually lol too. all these positive people crack me up. they should go and watch Collapse The Movie and get real.

[factual]

Its a well known psychological problem that people think "this time its different" and predict the boom will go on in a way that defies history..........

[NewDawn1]

Its a well known psychological problem that people think "this time its different" and predict the boom will go on in a way that defies history..........

where did you get this information from?

[Berchmans]

Binge era drivel, from the Irish media.

In 2006, the media advertisers expected you to sell the borrowing binge, and the media did everything they could in that respect.

Though, one should point out that Coleman was clueless, and not part of any agenda.

Being clueless may have been excuse back then, though I doubt it was the complete explanation.

However, these days he commentates regularly through the Sindo and has his own radio show on Newstalk. I doubt if Messrs O'Brien and O'Reilly are giving him such a platform for his supposed cluelessness.

More likely that he is pushing an agenda that his paymasters wish him to push. He is certainly toeing the line with regard to the anti-CPA agenda of the Sindo.

[Mitsui2]

where did you get this information from?

It is a pretty well established fact about bubbles for which a simple google check would have elicited any number of hits. A lot of instances are collected here:

This Time Is Different: Eight Centuries of Financial Folly: Amazon.co.uk: Carmen M. Reinhart, Kenneth Rogoff: 9780691152646: Books

[SideysGhost]

I do find it quite extraordinary that even at this stage the vast majority of the populace seem to have simply not bothered to inform themselves of the meaning of the world "bubble".

[Johnny Boy]

Well i haven't read all your posts but I originaly responded to the one where you said that economists such as Morgan Kelly are all charlatans because he missed the bubble.
I must have missed the one where you said he didn't deserve the praise he gets.
My point is that with the abscence of public statements from Morgan Kelly before 2007, you actually don't have the proof that he missed the bubble.

Everytime he says something the mainstream econom.ists, politician and commentators seem to tell him to stfu.

R
Now you're twisting my words to suit your purposes. Read the original post again you idiot. I said most economists were charlatans. I didn't say that I included Kelly in that, nor would I. (I have no desire to face a libel suit ffs!) I simply added that even he failed to spot the bubble until it was too late, and doesn't therefore deserve the credit he gets.

[scallioneater]

I suggest everyone watch this, its a lecture by Dr. Bartlett ,

[MrD011]

I wonder are these the same economists who told everyone they were stupid talking about recession ??

[John Locke]

I wonder are these the same economists who told everyone they were stupid talking about recession ??

It takes patience and time (and a few rewinds ), but this is a VERY good lecture. Really puts things in perspective considering:

The Debt imposed on Ireland by our Governments - BOTH the last and the current governments.

And our inabilty to pay the Debt off.

AND the length of time the Irish People will labour under Austerity.