and across into france. since the financial crisis, economics has been a victim of the unprecedented financial and political climate. joining me now is guardian columnist, simonjenkins, and vicky pryce from the centre for economics and business researchain, is it useless, trying to predict what is going to happen, if they cannot see a financial crash which turns into the worst one for 80 years and then they go on to make further mistakes five years later, what is the point? the first thing to say is that it is not true that nobody was forecasting at the time that things were likely to turn really nasty, the fact that it was not put strongly through the media and people were not necessarily listening is something that we should not forget. people were not particularly, they were not indicating it strongly. the overwhelming view was that we could probably carry on because we had settled macro. people said we had settled it out, we no longer have boom and bust, gordon brown was saying that particularly, and we are really safe and many think that would happen. what people forgot, just as we have been hearing, interconnectivity across various countries particularly one of the financial sectors and globalisation has been an important part,