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Thread: Morgan Kelly latest [23.05.2010]

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    Default Morgan Kelly latest [23.05.2010]

    Burden of Irish debt could yet eclipse that of Greece - The Irish Times - Sat, May 22, 2010
    Puts the deluded fools in PS turning down croke park deal in context.
    Last edited by He3; 24th February 2011 at 04:14 PM. Reason: add date to thread for clarity

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    Quote Originally Posted by politicaldonations View Post
    Burden of Irish debt could yet eclipse that of Greece - The Irish Times - Sat, May 22, 2010
    Puts the deluded fools in PS turning down croke park deal in context.
    The great thing about this is that Morgan Kelly can be utterly wrong and it will cost him nothing. If he's 100% wrong he will simply say that it was only an academic hypothesis!
    He identifies the original Govt blanket guarantee of the financial institutions as the core problem, but this was the strong recommendation of his academic colleague David McWilliams.
    Bloody academics, we should insist that they be (financially) burnt at the stake when they publish predictions which turn out to be dangerously wrong.
    I'll happily bring the parafin & matches for Messrs Whelan, McWilliams & Co.

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    Quote Originally Posted by mollox View Post
    The great thing about this is that Morgan Kelly can be utterly wrong and it will cost him nothing. If he's 100% wrong he will simply say that it was only an academic hypothesis!
    He identifies the original Govt blanket guarantee of the financial institutions as the core problem, but this was the strong recommendation of his academic colleague David McWilliams.
    Bloody academics, we should insist that they be (financially) burnt at the stake when they publish predictions which turn out to be dangerously wrong.
    I'll happily bring the parafin & matches for Messrs Whelan, McWilliams & Co.
    So why don't you start with the paraffin and matches with all the banks and economists who inflated the Celtic Tiger bubble: Dan MdLoughlin, Jim Power, Marc Coleman and all the Goodbody's stockbrokers types who are regularly trotted onto RTE? Funny thing is they are all still around giving worthless advice

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    Quote Originally Posted by mollox View Post
    The great thing about this is that Morgan Kelly can be utterly wrong and it will cost him nothing. If he's 100% wrong he will simply say that it was only an academic hypothesis!
    He identifies the original Govt blanket guarantee of the financial institutions as the core problem, but this was the strong recommendation of his academic colleague David McWilliams.
    Bloody academics, we should insist that they be (financially) burnt at the stake when they publish predictions which turn out to be dangerously wrong.
    I'll happily bring the parafin & matches for Messrs Whelan, McWilliams & Co.
    AFAIK the bank guarantee was meant to be a temporary stopgap to allow the govt breathing space for an orderly cleanup, before releasing the guarantee.

    sadly, it became the stoploss for the bankers, and has remained so, as the bankers claim that without them we are all lost.

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    Politics.ie Member hammer's Avatar
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    Well done Morgan.

    Spot on the money again.

    This is the knowledge that the Fianna Failures have and yet they are trying to encourage us to go out and spend spend spend. No chance.

    The only people they can go after for tax are PAYE workers. Lots more pain for PAYE workers.

    Social welfare & chilrens allowances will continue to be targeted.

    Property tax & water rates will prove impossible to collect. Defaults will be enormous.

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    Quote Originally Posted by mollox View Post
    The great thing about this is that Morgan Kelly can be utterly wrong and it will cost him nothing. If he's 100% wrong he will simply say that it was only an academic hypothesis!
    He identifies the original Govt blanket guarantee of the financial institutions as the core problem, but this was the strong recommendation of his academic colleague David McWilliams.
    Bloody academics, we should insist that they be (financially) burnt at the stake when they publish predictions which turn out to be dangerously wrong.
    I'll happily bring the parafin & matches for Messrs Whelan, McWilliams & Co.

    They committed the biggest crime in our insular society. They went against the grain and spoke their mind. They broke from the herd and questioned how this country is run. The lemmings are not happy.

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    Again a clear picture of "where we are" from the man who must feel at times he is wasting his breath.
    They did not listen
    theyr'e not listening still.
    And aren't the deniers up early on a Saturday morning?

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    Politics.ie Member hammer's Avatar
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    No chance of him getting the front page of the Sindo is there

    Might confuse the FFailures as to what really is happening.

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    The politicans will get whats coming to them, but every civil servant who recommended this course of action(the guarantee) should be sacked, they are the untouchable elite.

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    Quote Originally Posted by PaddyJoe McGillycuddy View Post
    So why don't you start with the paraffin and matches with all the banks and economists who inflated the Celtic Tiger bubble: Dan MdLoughlin, Jim Power, Marc Coleman and all the Goodbody's stockbrokers types who are regularly trotted onto RTE? Funny thing is they are all still around giving worthless advice
    Morgan Kelly has been targetted by Harris and the Sindo, as a prophet of doom. Coleman still has his rants in same Sindo, and a 2 nights a week on Newstalk. Ugly Dan McLoughlin, or desperate Dan now is an expert on energy. He was guy who used tell us that a semid in ordinary estate in Dublin at half a million was "damn good value".
    Last edited by Tomas Mor; 22nd May 2010 at 11:51 AM. Reason: spell
    You'd think Kenny committed Treason and brought in IMF. Cowen had all in stitches in Galway at 3.30a.m.but he was "not impaired" -DD Power. FF=Publican páirtí an IMF.

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