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Ten things people will say economists said

  • 01-06-2008 3:35am
    #1
    Cantab.
    Closed Accounts Posts: 1,444 ✭✭✭


    1. The Yield Curve no longer matters
    2. Earnings at an unusually high % of GDP are sustainable
    3. The Business Cycle has been defeated
    4. Ignore sentiment readings, the population is just upset about Iraq
    5. Real Income gains are irrelevant
    6. Mean reversion no longer applies
    7. Supply side tax cuts pay for themselves
    8. Dow Theory is a quaint antiquity
    9. The (so-called) Fed Model “proves” equities are significantly undervalued
    10. Despite commodity prices, there is no Inflation.

    Are ye listening ladz?! You'll need this arsenal when it comes to defending yourself in the fall-out from the Irish economy!!!


Comments

  • #2
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    11. the Fed solved the credit crises this proves intervention in the markets is a good thing. hahahaha!

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #3
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    12. Economists accept that the economy is a far more complex, perhaps random phenomenon than many of the areas of concern within the natural sciences, particularly subject to the 'animal spirits' of man, and thus can be far more difficult to explain, nevermind predict. They thus differ in their interpretations.
    13. Economists don't listen when it is reported that "economists" (that fine, single, unified group) got something wrong.


  • #4
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    silverharp wrote: »
    11. the Fed solved the credit crises this proves intervention in the markets is a good thing. hahahaha!

    Who'd a thunk it?


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