Friday 23 March 2018

Ireland's doom merchant

This straight-talking economist has long been dismissed as alarmist but so far his predictions have been right on the money

His sometimes apocalyptic predictions have long been dismissed as alarmist but this weekend, as Ireland stands on the brink of ECB/IMF intervention, Morgan Kelly, Ireland's very own Dr Doom, looks like being triumphantly vindicated.

Irish economists are generally a sociable bunch. Even when they are rubbishing one another's pet theories they like to do so at academic conferences (such as the annual Dublin Economics Workshop in Kenmare) which invariably take place in five-star hotels where any rancour is softened by fine dining and expensive wines.

Kelly is very much the exception to this rule. With a public manner that might politely be described as gruff he doesn't do clubbable.

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