The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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JM
You painted him as some sort of guru as to the current and future prosperity of Ireland versus the UK. I have just made it clear that he is just like any other economist.
JM
Economists and FACTS do not go together.
Lti, I asked were any of the FACTS in the article wrong. I assume they are not seeing as you have been up all night playing the Man and not the ball.
And Village mag is there purely for every crack pot writer to air their views. like this on brexit... https://villagemagazine.ie/index.php/2019/05/the-unspoken-truth-brexit-is-so-bad-it-is-funny/. I will post the first bit to save you having to read the rest of the trash...
"THE TRUTH is that the world is laughing at the UK’s discomfiture over Brexit. The world will be mildly discommoded by whatever happens but it be will be amply compensated by the comedy of the UK’s stupidity made possible by ignorance of history and economics. For a long time much of the world really didn’t laugh at Britain – now it can, and does."
I will post the last bit for those who do not want to read it all.
'He didn’t name the Celtic Tiger, he mis-predicted its demise and he failed to prognosticate the recovery. Now he’s predicting another crash. If you want a soothsayer to foresee boom and bust, you’re better off looking into your own heart''
https://villagemagazine.ie/index.php/2018/02/2008-not-2000-1/
''He is also the man that predicted our crash is 2008.''
There were others who predicted it before him.
Economists all have different views. You will always find an historical view from one or more of them to have had a degree of accuracy, as you would inaccurate predictions .
As usual Mr Mac you present us with a thought provoking FT article and our cipher expert (LTI) tells us how to read it, which I have, I'm unable to fault it.
The weakness in LTI's argument lies in his reliance on the words of economists who would be better employed trying to forecast the weather. After all the City is full of analysts and economists who were all flashing green lights in 2008 when the world seemed to be running beautifully guided by the "Masters of the Universe."
We all know how that ended, the economy was put on life support assisted by "free money" which was just printed by the lorry load - resulting in a further devaluation of the pound to almost parity with the euro.
It may very well be a bitter pill to swallow for the believers in Brexit, but it has to be acknowledged that the country is sinking due to the complete lack of leadership in the face of an ever increasing population which the government has chosen to ignore.
Mrs Thatcher was asked years ago how she would address the problem - she answered that she would do nothing but rely on demographics. The bulge in the population expires ( which they haven't done in enough numbers - yet ) the problem would solve itself - WRONG..
In the meantime the country has continued financially to shrink robbing it of the ability to fund its Public Services - which in the meantime have become bloated with layers and layers of management - at the expense of both the Health Service and the Police. Now to cap it all our free TV licence is going, but not until next May. Next will be travel concessions as charges for dentistry and medicine probably increase. Don Quixote comes to mind - I am here almost two years now and am amazed at the extraordinary and heroic efforts being made to keep the Health Service going here, which in Lisburn is disappearing before our eyes.
We are both waiting for Consultant appointments since we got here - our only route is to go privately which the colleen attempted to be told that the service she required was now suspended in Lisburn.
Our doctor told us last week - "if you break down we'll fix you" but routine services are off the menu for the moment due to recruitment difficulties.
These are the foundations from which the Phoenix will rise - good luck...
Economists are in the business of making future predictions. They are more often than not, wide of the mark. The UK's economic fortunes were predicted to go into sharp decline if it dared to even vote to leave the EU. Couldn't have been more wrong.
''Is there any fact in the article he is wrong about?''
Probably.
An economist with a different political leaning would give a completely different view.
He is also the man that predicted our crash is 2008.
Is there any fact in the article he is wrong about?
If link no good for people, put in
'Punishing Ireland’s economy will backfire on Brexiters' in search to read
You need to bear in mind that the author is a pro EU Irishman who also gives
advice to Neil Woodford
https://www.ft.com/content/eaae31b2-c004-11e9-9381-78bab8a70848?segmentId=09cf3415-e461-2c4a-a8cc-80acc4846679
If the linked article doesn't disappear behind the FT paywall it's well worth reading