Economists do not necessarily have a great track record with predicting the future state of the economy. From a study by Denrel and Fang: 'Economists who had

Economists do not necessarily have a great track record with predicting the future state of the economy. From a study by Denrel and Fang: 'Economists who had a better record at calling extreme events had a worse record in general. “The analyst with the largest number as well as the highest proportion of accurate and extreme forecasts,” they wrote, “had, by far, the worst forecasting record.' [1] Also, this Freakonomics podcast talks about the folly of prediction in general - http://freakonomicsradio.com/hour-long-special-the-folly-of-prediction.html http://freakonomicsradio.com/hour-long-special-the-folly-of-... [1] http://www.boston.com/bostonglobe/ideas/articles/2011/01/09/that_guy_who_called_the_big_one_dont_listen_to_him/?page=full http://www.boston.com/bostonglobe/ideas/articles/2011/01/09/...