10
Jan
09

Economists need to shut the fuck up

They’re at it again. Today’s Irish Times has a piece about how economists are predicting 10% jobless rates by the middle of the year. Fás economist Brian McCormick went even further, saying we’ll reach 12% by the end of 2009. He warned, “the immediate future for the jobs market depended on the impact of a weak sterling and the credit crunch on the retail sector, as well as the way in which migration trends respond to the changes in the economic environment,” which pulls the simultaneous trick of sounding suitably dire and blaming the immigrants for it. The Indo has a similar piece, which states, “Some economists secretly admitted that their official estimates could be conservative and jobless queues may reach levels not seen since the 1980s.” It’s enough to wonder why we bother getting out of bed.

Well, you know what? Fuck them! The one thing I’ve learn from this whole recession is that there’s nothing quite so useless as an economist. These are the swaggering dickheads who failed to see the recession coming, and let the government get away with wasting money on services that don’t work, giving tax breaks to the country’s super-rich, criminally inflating the housing market, and generally take us all of a fantastic voyage on the good ship “Celtic Tiger”, which sunk like a stone after the first strike of an ice-cube (explained here better than I ever could). If these economists advised banks to invest their (our) money in an online casino they’d have been laughed out of a job. This, on reflection, would have been a far safer option. At least online gambling doesn’t create massive – and quite unmistakable – market bubbles. Ok, there were some economists warning of a possible crisis, but the ease with which these few voices of sanity were ignored largely proves my point that all economists useless. Remember when Bertie suggested that people warning of an economic slowdown should kill themselves and be done with it? I’d love to know what the miserable tit-bag makes of that comment now.

So, now that we’re in the middle of a slump that these knobjockeys helped lead us to, they’re trying to make us feel worse by convincing us there’s no way out of it anytime soon. Well, they can shove their predictions up their holes, because it seems to me that their only talent is to tell us what’s currently happening, like a weatherman who operates by looking out the window and saying, “bit cloudy, might rain.” It also seems to me that reinforcing a constant message that “your job isn’t safe” will undermine consumer confidence further and make the whole thing worse. For all we know (and when I say “we” I’m including economists) the economy might turn around in a month’s time and we’ll wonder what the fuss was about.

Ok, that’s probably not going to happen. All the same, there’s not much use in worrying about it too much, which is what these dicksplashes seem to want, and they don’t expect to be questioned on this because they’re economists and that means they’re experts and know what they’re talking about. The media has given these cunts a free ride for their failures, but there’ll be none of that here. I’m not going to feel bad because they want me to (angry, maybe, but not bad).

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2 Responses to “Economists need to shut the fuck up”


  1. 2 krulwurld
    March 8, 2009 at 10:49 pm

    Fair Comment.


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