"A lot of morons have received the nobel prize in economics. Economist are like historians. Looking backwards they can give you a great explanation of WTF just happened. The ability to write a neat math formula is cool, but it doesn't make you a prophet. I wouldn't rely on one to say anything useful about the future. There is a reason why they tend to be rich off of writing and speaking engagement, and not by using their l33t economic skills to shovel piles of money into their bank accounts off of their prescient predictions on the market."