Kelly's Corner
by Kelly FinchamRSS 
Recent Posts
- So-called 'experts' need to pay for their mistakes on Irish economy
- So-called 'experts' need to pay for their mistakes on Irish economy
- Bargain apartments for sale in Ireland as banks start sell-offs
- Obama marks Cinco de Mayo with immigration reform remarks at White House
- Immigation reform (or lack of) set to dominate mid-term elections
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Talking on RTE Thursday, Professor Frances Ruane says the agency "could have done better."
She says a "lack of expertise" in macro-economics, particularly banking, impaired the ESRI's ability to forecast the banking crisis.
I'm flabbergasted at the admission from the Economic and Social Research Institute that they could have done a better job on forecasting the Irish collapse.
I'm flabbergasted at the admission from the Economic and Social Research Institute that they could have done a better job on forecasting the Irish collapse.
Talking on RTE Thursday, Professor Frances Ruane says the agency "could have done better."
She says a "lack of expertise" in macro-economics, particularly banking, impaired the ESRI's ability to forecast the banking crisis.
Brand new luxury apartments are being sold off in Dublin in a fire sale as the Irish banks try to recoup some of the billions of dollars lost in the great property crash.
Carrickmines Green (see spec bathroom above) was once planned as a high-end development with four-bedroom houses expected to fetch upwards of €770,000 ($930,000).
Of course, that was in 2006, when the sky was the limit and bandits ran the Irish property market.
