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Comments

  • #2
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    they rehashed ideas from "The Best is yet to come ideas"

    lets say we do get 6% growth (not in the realm of impossibility)
    about 4-5% will go straight out in debt payments :(

    doesnt sound so rosy now


  • #3
    dan_d
    Closed Accounts Posts: 2,819 ✭✭✭dan_d


    They actually mightn't be far off with their population estimates - but I'd question the migrant figures.

    I'd also just plain disbelieve the rest of their projections....I'm guessing what they're NOT including as an assumption in compiling those statistics is the level of unemployment and personal debt - preventing people from spending - that's out there and is not going to go away.


  • #4
    Sarn
    Registered Users, Registered Users 2 Posts: 3,133 ✭✭✭Sarn


    Just to point out that the article is from 2006. Highlights how predictions can go very wrong.


  • #5
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    I wonder how much they were paid to say that stuff in the article?

    Or is it a case of a terrible education system in that the best brains who end up in NCB are not brainy after all?


  • #6
    Sea Sharp
    Registered Users, Registered Users 2 Posts: 2,593 ✭✭✭Sea Sharp


    The 70,000 new migrants per year estimate was accurate. They'll be emigrating not immigrating though. :p


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  • #7
    Fr0g
    Registered Users, Registered Users 2 Posts: 594 ✭✭✭Fr0g


    Denzil2222 wrote: »
    Go to www.rte.ie/news/2006/0322/economy.html

    So, basically. "If it stays like this there'll be no change"


  • #8
    Mr. Loverman
    Closed Accounts Posts: 4,001 ✭✭✭Mr. Loverman


    It just shows how incompetent the so called experts are.

    The older I get the more I realise most people are spoofers...


  • #9
    Mozart1986
    Closed Accounts Posts: 191 ✭✭Mozart1986


    Mr. Loverman wrote: »
    It just shows how incompetent the so called experts are.

    The older I get the more I realise most people are spoofers...

    Its all about a fake aura of confidence. If you are confident then people stop asking questions. People shut their brains off because its much easier to just accept the most powerful and confident story than to question the underlying discrepencies. So that means that spoofers like politicians, academics (that insulate their uncertainty with jargon), media commentators, corporate executives, etc, can get away with murder.

    Seán Fitzpatrick is still loaded by the way. Anglo Irish sold of a bank in Austria that they owned with €600m of deposits 2 years ago just before he quit, right when the bank needed capital, and the regulators signed off on it when they could have stopped it. They even loaned the Swiss bank that took it on 1/4 of the money to buy it, further leveraging themselves. Austrian banks don't have to supply the names of their depositors so that means that all of the chronies here that owe money to Anglo and the rest still have millions of euro in personal wealth that we can't get.

    So all you need is confidence and you can get away with anything, because people don't ask questions.


  • #10
    Fr0g
    Registered Users, Registered Users 2 Posts: 594 ✭✭✭Fr0g


    Mozart1986 wrote: »
    So all you need is confidence and you can get away with anything, because people don't ask questions.

    You probably all know this but the term con as in con man is a shortened form of confidence very apt indeed.


  • #11
    Zynks
    Registered Users, Registered Users 2 Posts: 1,683 ✭✭✭Zynks


    Denzil2222 wrote: »
    Go to www.rte.ie/news/2006/0322/economy.html

    That reminds me of a presentation I gave at work that included a projection and I was asked who was the source, and I said "me". People looked surprised and I said that based on the track record of the 'experts', I considered myself to be a source at least as good as them. Some people seemed to agree. Bottom line: your guess about the future is as good as anyone else's.


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  • #12
    Mozart1986
    Closed Accounts Posts: 191 ✭✭Mozart1986


    Zynks wrote: »
    That reminds me of a presentation I gave at work that included a projection and I was asked who was the source, and I said "me". People looked surprised and I said that based on the track record of the 'experts', I considered myself to be a source at least as good as them. Some people seemed to agree. Bottom line: your guess about the future is as good as anyone else's.

    David McWilliams said that this is a time to look at the world with a childlike sense of curiosity. Neitzsche said something similar in Zarathustra, metamorphosising from a lion to a child or a "self-propelled wheel".

    And I actually never new what con was short for, but considering it, what else could it be.

    As Camus said, "if there was a party for those that weren't sure about anything, I'd be in it." (I paraphrase slightly)


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