Quite. The Irish did everything right- except decoupling themselves from the Euro. As a result, every single poor economy within the EU was able to finance its growth at below-market interest rates. Unsurprisingly, a huge bubble developed. I'm not saying that it could have been avoided if the Irish had their own currency- governments love to meddle with interest rates to favour their corporatist cronies- but it would have been possible to go into soft default by devaluing the currency, or go into hard default like Iceland did, without the kind of extremely slow and extremely painful recovery that Ireland is going through right now. All of this was predicted perfectly by ABCT, right down to the way the bubble itself popped.

Yous lads are using crazy shit like Monte Carlos no, or whats the story? Be interesting to sees, from a nerd perspective, what are the specifications of those kind of models. Possible future post ken?

Good idea. Stay tuned mate.

Fuck this shit ken. Economics is pretty simple in a lot of ways, and cannot be modelled with bullshit models. I've taken looks at some of them econometrics models and forecasting stuff, looking at the maths en aw, and it be all cuckoo clock stuff, or at least to me. The future is too uncertain, too messy to model (unless it be something like bonds or something). Yous lads are using crazy shit like Monte Carlos no, or whats the story? Be interesting to sees, from a nerd perspective, what are the specifications of those kind of models. Possible future post ken?