I laughed til' I cried when I read in this morning's Irish Tripe, Garret twittering on about the need for loads and loads more economists in the Department of Finance. Maybe I have become harsh and maybe he is trying to be kind pretenting that there is a skill shortage in that area which is being ignored to soften the blow for the scores of unemployed economics graduates their sad parents.
Garret explained that he didn't have his usual Data Bank (no doubt electronic and very complicated and can only be operated by very intelligent people like him) so he could now give an opinion about the important and complicated work that economists him do ( in between betting their shirts on disasterous floatations like GPA and forgetting about valuable art work in the attic). There are lots of economists around, well there were up to a few weeks ago, Dan and gang have gone into hiding, some have been laid off, others are seeking refuge in academia with a few government nixers, poor old Leo is hoarse can't get anyone to do a vox pop.
You have to hand it to them, they predicted the end of the construction boom ( now we all know how complicated, technical and sophisticated that was), pity none of them predicted a global downturn. The fact is they are only sure something is going to happen after it happens.
Saturday, January 10, 2009
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