Overview
Morgan Kelly is Professor of Economics at University College Dublin (UCD). Described by The Irish Times as the country's official soothsayer, Kelly notably predicted the bursting of the Irish property bubble.
Background
Kelly studied at Trinity College Dublin being elected to scholarship in 1982 and graduating in economic and social studies with a gold medal in 1984. He subsequently studied in Yale University in the United States. He was assistant professor at Cornell University, College Lecturer at UCD and is now Professor at UCD. He has refereed numerous international economic journals.
Predictions
Kelly predicted in 2006 that property prices were going to crash by 50% based on empirical evidence of past property crashes. Kelly has garnered praise from fellow economists for his prediction of the collapse of the property market.
From Wikipedia (CC BY-SA 4.0).