Another day, another article about the property 'bubble' that's going to burst.
What I don't get is that if these apparent experts are so good at knowing what's going on, why can't any of them tell us when it's going to happen. If they truly understand their subject ie economic prediction they should be able to interpret the data to tell us when to expect it all to unravel.
But they don't. Steven Keen tells us sometime in the next couple of decades.
And that's the most specific they get.
The idea of "it'll happen some time" lets them still get media attention because they haven't been wrong yet, despite clearly not having very good predictive models.
What I don't get is that if these apparent experts are so good at knowing what's going on, why can't any of them tell us when it's going to happen. If they truly understand their subject ie economic prediction they should be able to interpret the data to tell us when to expect it all to unravel.
But they don't. Steven Keen tells us sometime in the next couple of decades.
And that's the most specific they get.
The idea of "it'll happen some time" lets them still get media attention because they haven't been wrong yet, despite clearly not having very good predictive models.