Wanna save $1.5 million in next year's Agency budget? Then simply replace this:
THE OFFICE OF THE CHIEF ECONOMIST
... specializing in "new initiatives"!!
(...which is good 'cause "old initiatives" are, ya' know, just "so quaint"... so to speak!)
... with this:
 |
| ... the predictive power of which matches - and perhaps exceeds - the six ROBUST "economista" staff now suckling at the NCUSIF trough!  AT LEAST YOU GET THE CARBS! |
13 comments:
6 Robust economista, who have all incorrectly predicted interest rate increases any day now, will probably demand a bonus if and when the eventual day comes that these leaches of credit union member money are right.
It member money that NCUA is stealing! Credit unions leaders are letting this happen!
Why get a gun and rob a credit union when you can just get a job at NCUA?
Guess in fairness I should confess that I was only able to find 63 other free sources of reliable, expert economic data and forecasts at the global,national, state, and local level... much of it even CU specific .
But, then again it was only a 15 minute search...
Expert and reliable economic forecasts seems to be an oxy-MORON!
What does the Groundhog and the NCUA Chief Economist have in common?
They are not held accountable for incorrect predictions!
Ms. Matz is an economist does that help?
There are probably several Psychics who would do it for less and be just as effective! Unsure if they bring their own Crayola's.
Fed just announced a sub 2% inflation rate! Wonder if the Chief Economist will still predict a rise in interest rates? Wonder what color he will use?
REPLACE is not a word in the NCUA vocabulary. Neither is REDUCE, CUT or ELIMINATE. The magical budget word is ADD which is probably what you will see when it comes to new staff positions.
To paraphrase President Regan:
"A recession is when your neighbor loses her job; a depression is when you lose your job; a recovery is when an economist loses his job."
Interest rate update:
T-Bills: 1-02-2014 / 11-19-2014
5-yr - 1.72% / 1.66%
7-yr - 2.41% /2.07%
10-yr - 3.00% /2.36%
30 -yr - 3.92% /3.08%
....rising like economic hot air !!!!!!!!
If there was a 300% rate increase, the 30 year would still only be 6.08!
In 1980, I am will to bet NCUA predicted that rates would never get that low!
In 1980 short term interest rates were 16%. All credit unions alive today survived that rising rate environment without the help of NCUA.
Yeah and bet they didn't have an economist way back then either.
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