Is Eddie Hobbs still relevant?

sbsquarepants · 19-05-2016 10:18AM

Economists - They should be treated the same as psychics and homeopathists. If ever there was a "profession" that didn't know it's arse from it's elbow it's economists.
As the saying goes "an economist is someone who can tell you tomorrow why what they predicted yesterday didn't occur today" Useless shower of twats the lot of them.:mad:

That being said - I do kinda like eddie

carrolls · 19-05-2016 10:20AM

David McWilliams is not far behind him in terms of being a clueless economist. This clip proves McWilliams is a spoofer. In 1999 he stated that there will be a severe crash in 2000.
The bubble was only getting started in 2000.
Even a stopped clock has the correct time twice a day.

smash · 19-05-2016 10:26AM

valoren wrote: »

He tries to educate people on a range of financial topics.

Someone has to do it.
For that he has my respect.

Hobbs tried to raise €250 million for foreign property investments in 2007 and tracked down Euromillions winner Dolores McNamara looking for investment. She did invest quite a large amount but he didn't reach his target and then what happened the following year? Global property meltdown! She escaped luckily from that one, but again now only this year he has her bidding €44 million (this is above the asking price) for a retail park.

VincePP · 19-05-2016 10:31AM

Shane Ross & Eddie Hobbs - only difference is the accent.

Great narrators, and they convince themselves that they are 100% right, but when to comes to the real world, they find it works out quite differently.

Its very easy to use hindsight and say what shoudl have been done - totally different to actually doing it.

Hobbs pushed Bulgaria and Cape Verde and some "shamrock" property fund onto people. All failed miserably. Not because of any direct fault of his, but he like thousands of others got caught up in the boom and thought Ireland and its citizens were invincible.

General public here are suckers for those who can talk well in public - aka Charlie Haughey & Bertie Ahern. But take a unbelieveable dislike to anyone who doesn't perform well in public - aka Enda Kenny & Joan Burton (no, I'm not a FGer). The media itself are probably more to blame - esp the indo rag group.

sabat · 19-05-2016 10:32AM

smash wrote: »

She escaped luckily from that one, but again now only this year he has her bidding €44 million (this is above the asking price) for a retail park.

I believe that whole story was what is known in the newspaper business as "lies"

valoren · 19-05-2016 10:46AM

carrolls wrote: »

David McWilliams is not far behind him in terms of being a clueless economist. This clip proves McWilliams is a spoofer. In 1999 he stated that there will be a severe crash in 2000.
The bubble was only getting started in 2000.
Even a stopped clock has the correct time twice a day.

As the old saying goes, when you're in the business of making predictions. Make a Lot of predictions. :pac:

smash · 19-05-2016 10:50AM

sabat wrote: »

I believe that whole story was what is known in the newspaper business as "lies"

And you know this how? It has been reported by The Independent, The Examiner, The Irish Times, The Sunday Times, The Journal, The Sun, The Limerick Post and more.

Is Eddie Hobbs still relevant?

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