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The IMF Admits The IMF's Forecast Of Blockbuster Greek GDP Growth May Be A Little High
A few days ago, we deservedly mocked the IMF for "projecting" that in 2016 Greece would be the Eurozone's fastest growing country, with a 3.7% expected GDP growth rate.
We said:
Yes, Greece, the same country which moments ago the IMF's chief economist Blanchard admitted may very well not be in Europe!
- IMF VERY MUCH WANTS TO COME TO AGREEMENT WITH GREECE: BLANCHARD
- GREEK EXIT FROM EURO WOULD BE COSTLY, PAINFUL: BLANCHARD
So yeah. Comedy.
Comedy indeed. Ignoring that in virtually all credible and realistic forecasts, thus not the IMF's, Greece will almost certainly no longer be in the Eurozone in 2016, the fact that Greece, which is not only on the verge of defaulting to its foreign creditors, but will likely seek redenomination to the Drachma soon, will result in a historic collapse in its economy in the coming years.
Moments ago, the IMF seemingly tired of being mocked by fringe blogs, admitted the obvious:
- IMF OFFICIAL: IMF'S GREEK ECONOMIC OUTLOOK NEEDS TO BE LOWERED
And a little more humor:
- IMF MAY NEED NEW DEBT ANALYSIS ON GREECE, THOMSEN SAYS
You mean that 2022 debt/GDP forecast may have been slightly off?
Sigh.
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Gloomy Gus's will be arrested on sight!
NO CLINTONs
NO BUSHs
Wait! Wrong chart! That's the one showing Greece GDP after leaving the Euro. Idiot!
IMF: We pulled the previous number out of our ass. Now, we are digging deeper into the ass to pull a new number. ;-)
Looney
IMF ADMITS ITS FORECASTERS MAY BE A LITTLE HIGH
Tad awkward......this is what happens when you send the gimp to make public statements.
We're paying you a lot of money for this.....is 5 minutes to much to ask?
And no.....we don't want to hear about the number 7 anymore.
Guarantee you they still keep it about 2.5%.
It'll get revised downward a few more times. But they *SWEAR TO GOD* that growth will return next year.
Do what the propagandists in the U.S.S.A. do. Lower those expectations to a "beatable" level...
LOL!!
Absolutely, no more YOY income or revenue analysis, just beat the (low) expectation, maybe even beat (laugh track inserted) the whisper number. They are all in on this scam and luckily the sheeple only care that there 401k went up $28 last month. Like any scam it works until it doesn't.
Look at all those bankrupt countries makng the top of the list..........and bottom........and middle......and the many not on the list.
"IMF OFFICIAL: IMF'S GREEK ECONOMIC OUTLOOK NEEDS TO BE LOWERED"
I will update my models immediately. What number will you be telling us it is now so I may enter it into my spreadsheet?
Blanchard : carrot and baton trick with the greek donkey !
Haha, he doesn't like the IMF toxic carrot.
Even donkeys have brains you french fried boondoggle concoctor, full of vacuous elitist pride.
Credibility ~ ' The quality of being convincing or believable '
< insert examples : IMF , Fed , ECB , Hillary , etc. >
KoeneBert: "Ik ben na deze conferentie nog steeds verward, maar wel op een hoger niveau".
http://nos.nl/artikel/2030808-cybertop-levert-weinig-duidelijkheid-op.html
Jillian York, pannellid en directeur van de digitale burgerrechtenbeweging EFF, kan het AANDACHT=LIEFDE-principe die de politie aan het uittesten was niet waarderen. Internetondernemer en jurist Danny Mekic kan heel goed uitleggen hoe je 'kunt inbreken zonder dat iemand het merkt'. Bedrijven als Google en Facebook waren aanwezig om een deal te maken met overheden om de nieuwe beschaving die is gebaseerd op de natuurwet 'waarheiddelen' te vervolmaken.
http://www.nrcq.nl/2015/04/17/de-grootste-pensioenfondsen-zien-hun-finan...
De herstelplannen die de pensioenfondsen bij @DNB hebben ingediend zijn niet gebaseerd op het GELD=ZUURSTOF-paradigma en dus zal de minimale dekkingsraad na 2015 nog wel verder verminderen, omdat ze in de verkeerde projecten investeren.
Natuurlijk komt dit, omdat Ruiten- en Schoppen-Team het nog steeds niet met elkaar eens zijn hoe de landen die weigeren om het systeem 'Leven en Laten Leven' in te voeren kunnen worden overgehaald om ...
http://www.neurope.eu/article/cameron-loses-battle-and-merkel-loses-war#...
... de cultuur van waarheiddelen te omarmen.
http://www.nrc.nl/nieuws/2015/02/05/verdachte-in-loverboy-zaak-valkenbur...
Pieter Omtzigt ziet zo'n grote discrepantie tussen de ID'en die netwerk @MinPres deelt en wat hij op internet ziet dat hij in een permanente staat van verontwaardiging en opwinding zit.
http://www.volkskrant.nl/binnenland/binnenskamers-de-dag-van-oppositiehe...
Tja ...
What's that bump in Christine Lagarde's throat?
If you include in GDP spending "hookers, blow, unfiltered Camels, & Ouzo", I'm betting the numbers are positive.
www.traderzoo.mobi
The forecast might become true...outside the Eurozone.
Upped you with one caveat!
... ONLY outside the Eurozone.
In it you will be fleeced to pay for the EU oligarchs.
The IMF forecasts are about as much use as the weather forecasts.
They appear to be based on wishful thinking and I get the impression that they need a second opinion the day after the event.
Yeah, who wants to listen to an organization who's charter is to enslave the world with debt and then make sure they cannot pay for it by creating constant conflict?
That growth forecast only applies if they leave the Euro and are no longer under the heavy handed and parasitic rule of the "Technocrats".
You mean that 2022 debt/GDP forecast may have been slightly off?
They used their nominal dragged out of thin air debt / GDP ratio to justify the money about to be lent then they wonder why it was way off the mark.
Thery are not economists more like loan sharks where if you default on a penny they take the lot.