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About LinkBacksyes, you have a point...but its not a fecking BLOG its the Financial fecking Times....Originally Posted by wysiwyg
yes, you have a point...but its not a fecking BLOG its the Financial fecking Times....
I never said nobody saw it coming, and anyone who does cannot mean it literally. From alien landings to earthquakes in Dublin, someone will have "seen it coming" and will be be able to quote their words.
When people say no-one saw it coming, they mean the consensus world-wide of international bankers, central banks and government finance departments was that a credit crunch of the magnitude we are witnessing was not likely. All of these people read the newspapers.
for were do you want the forecast? Ireland, the EU or the world.?
Whatever. Just give me the future. It should be so easy for you.
Memories are short lived how many of the political parties in thier election manifestos promised low tax rates for the paye sector ,what was it i recall a long long time ago then leader of the now defunked pds trumpeted the 20p in the euro or pound well she got into goverment on the stregnth of that promise and the other parties promised the same......i bet u my bottom dollar the with post she holds now she had kept the lower rate at 25% u see we don't really understand whom the most vunerable in society really are ,and worse still she and her kind don't either......and as for ff before u ask me to be patriotic .... remember this an army will always carry thier wounded with them in battle....and the most vunerable the one's that would'nt know what a ballot paper looked like....we did we voted we ********************ed up now get over it get on with it put in an all national goverment and govern ....
No but Fianna Fail is to blame for the irish collapse in tax revenues and the increases in spending since 2001 that are now causing the country the have the largest budget deficit ever beating anything we ever saw before. Ahern, McCreevy and COWEN have destroyed the economy. Try them for treason.
And furthermore, if Fianna Fail were doing their jobs properly they should have been monitoring such commentray. And I have no doubt they were briefed on these predictions. But you had two arrogant mumbling morons in Ahern and McCreevy who were only interested in buying victory in the 2002 election and not content with that set out the parameters to buy the 2007 election also with the SSIA garbage. Not to mention decentralisation, another present from that tosser McCreevy which was designed both as a publicity stunt because he had nothing else to say in the 2003 budget and because he had to enrich even more the corrupt gangsters that filled the tent at Galway races. Ahern and McCreevy should be tried for treason and Cowen should be before them in the dock for his role in supporting what was clearly a corrupt and inevitably destructive policy. The 3 should be jailed and then Fianna Fail wiped from the electoral map forever.
People all over the world (including Ireland) in every central bank and government finance department, not to mention every merchant and retail bank and other financial institutions, read the WSJ and the FT every day. This didn't help them to avoid the credit crunch and financial chaos.
I know it's not literal. But we're talking about a signifcant number of articles in significant newspapers and sometimes by significant people. There were plenty of people who saw it coming and they were ignored.
They were ignored by the whole world. I ignored the guy who told me who was going to win the 4.15 at Haydock yesterday.
Many financial journalists say Obama's economic policies are a recipe for disaster, many others agree with him, others take yet another view. Which ones should he heed?
Some of them will no doubt turn out to be right, but which ones? The ones who turn out to be right will of course tell us they saw it coming.
It is well to remember that economists have predicted 15 of the last 3 recessions.
Last edited by Odyessus; 10th May 2009 at 02:44 AM.
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