Sunday, January 18, 2015

Balls the prophet

The Mail says Ed Balls predicted the crash in 2007, which is why he urged Brown to hold a snap election.

Out of 20,000 professional economists, Oz econ academic Steve Keen reckons only some 20 saw it coming. EB has an econ-academic background; so has his brother Andrew, who joined bond investment giant Pimco in 2006. Did the latter have interesting conversations with the former in 2007?

Clearly we need Balls' insight - as long as his concern is not limited to party success. What is he predicting now, I wonder?


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