canicemcavoy
Registered User
- Messages
- 601
Two years ago, [Morgan] Kelly was vilified by the establishment as a head-banger for predicting that property prices would fall by 50 per cent. Today Kelly has more credibility on property valuations than the combined wisdom of all the flawed auctioneers, bankers and compromised economists in the entire nation. Kelly compounded his heresy in early 2008 by brilliantly predicting a banking collapse.
[..]
Such independent courage in the face of the big battalions is rare. Kelly is the nemesis of bankers, auctioneers, mandarins and regulators. That gives him credibility.
Brian Lenihan should ask him to join the State’s property team. The master of detail could recruit a man capable of putting him right on the big picture.
As someone wittier than me once wrote ..
"Sure haven't economists successfully predicted nine out of the last five recessions ?"
I haven't read that much by him so I can't assess the basis on which he made forecasts, when he made them.. But what I have written has not been analysis, it has been spin and hype.
Morgan Kelly rants and raves. I don't listen much to ranters and ravers.
Alan Ahearne puts forward a point of view in a well reasoned and moderate manner. I listen to his point of view. I don't necessarily agree with it, but it's expressed in such a way that one can disagree with it.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?