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IMF and World Bank always fail to predict recessions; “The record of failure to predict recessions is virtually unblemished.”
Topic Started: 15 Dec 2016, 01:56 PM (1,302 Views)
Trollie
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For all the bears on here who like to quote predictions of recession all the time. One of the IMF's own pointing out they are shit at it.

https://www.ft.com/content/14e323ee-e602-11e3-aeef-00144feabdc0
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Rufus
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It's true, they have been woeful, vested interests.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Trollie
15 Dec 2016, 01:56 PM
For all the bears on here who like to quote predictions of recession all the time. One of the IMF's own pointing out they are shit at it.

https://www.ft.com/content/14e323ee-e602-11e3-aeef-00144feabdc0
LOL......getting Nervous because Rates are Rising?

For all the Bears or just me?

Do you think no one saw 2008 coming?

'Look out, we are heading for a crash again', warns William White, the central banker who predicted 2008 crisis
Quote:
 
World faces a crunch that could see a collapse in London property prices
Despite 2008 crisis being caused by debt, the levels have since risen
Overall debt has gone from 200% of global GDP in 2007 to 250% now
Quote:
 
The world is facing a new crisis caused by an explosion in debt. So warns William White, the central banker who famously predicted the crisis of 2008.


LOL.......

Edited by Simon_S, 15 Dec 2016, 02:17 PM.
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Trollie
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Simon_S
15 Dec 2016, 02:11 PM
LOL......getting Nervous because Rates are Rising?

For all the Bears or just me?

Do you think no one saw 2008 coming?


Certainly not for you, you are beyond help.
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Ex BP Golly
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Trollie
15 Dec 2016, 01:56 PM
For all the bears on here who like to quote predictions of recession all the time. One of the IMF's own pointing out they are shit at it.

https://www.ft.com/content/14e323ee-e602-11e3-aeef-00144feabdc0
That's unfair Rusty!

I'd have expected some sympathy from you, given your own failure to see what would happen with iron ore lol.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
15 Dec 2016, 03:07 PM
That's unfair Rusty!

I'd have expected some sympathy from you, given your own failure to see what would happen with iron ore lol.
Yes you certainly did fail to pick the massive jump in iron ore prices.
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Ex BP Golly
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Trollie
15 Dec 2016, 04:27 PM
Yes you certainly did fail to pick the massive jump in iron ore prices.
No, I knew they'd come back a bit. Will admit to being surprised they dropped below $60 though.


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
15 Dec 2016, 05:55 PM
No, I knew they'd come back a bit. Will admit to being surprised they dropped below $60 though.

The only predictions worth a damn are from The Mighty Shadow.
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Rastus2
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Trollie
15 Dec 2016, 09:00 PM
The only predictions worth a damn are from The Mighty Shadow.
never heard of that poster.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Trollie
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Rastus2
16 Dec 2016, 01:22 AM
never heard of that poster.
No one asked you if you had.
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