Wednesday, November 19, 2014

Q: How Many Economists Does It Take To Crayola A Graph?


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!




 WITH FORTUNE COOKIES
AT LEAST YOU GET THE CARBS! 



13 comments:

Anonymous said...

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?

Jim Blaine said...

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...

Anonymous said...

Expert and reliable economic forecasts seems to be an oxy-MORON!

Anonymous said...

What does the Groundhog and the NCUA Chief Economist have in common?

They are not held accountable for incorrect predictions!

Anonymous said...

Ms. Matz is an economist does that help?

Anonymous said...

There are probably several Psychics who would do it for less and be just as effective! Unsure if they bring their own Crayola's.

Anonymous said...

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?

Anonymous said...

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.

Anonymous said...

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."

Jim Blaine said...

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 !!!!!!!!

Anonymous said...

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!

Anonymous said...

In 1980 short term interest rates were 16%. All credit unions alive today survived that rising rate environment without the help of NCUA.

Anonymous said...

Yeah and bet they didn't have an economist way back then either.