Tuesday, June 24, 2008

ESRI try to save face - Time for a Cull

On May 14th, the ESRI in their last report, told us all was rosy in the garden. http://paddythepig.blogspot.com/2008/05/esri-weather-forecast.html . They told us one of the inputs for their 'model' was 70 dollar per barrel oil price ; now they're predicting 100 dollar per barrel. Looks to PaddyThePig like they're making it up as they go along.

Now they've turned on their heels, and have admitted that the downturn that the dogs in the street knew about, is actually going to happen. A face-saving exercise, fuelled by the desire not to look ridiculous.

They should now recruit from the top brass of 'Irish Psychics Live', to restore their credibility.

FAS have an economist, who scratches his chin, and produces a quarterly report. ESRI throw out their 'predictions' every quarter. As do the the Central Bank, who are trying to find a way to pass the time.

The public service cull that will need to take place, to try to manage costs, should start with some of these star-gazers, especially those who have been proven to be guessers and chancers.

Oink Oink!


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