Originally Posted by mact3333
so by your argument we should give credit to the 95% of economists who were wrong about the 2008 recession and selloff?...hmmm...so we shouldnt listen to people like Jim Rogers, Roubini, David Tice, Schiller, Peter Schiff, Marc Faber???
So we should listen to Jim Cramer and Larry Kudlow and his gang???
I think you missed my point. How does a post pointing out that 95% of economists are incompetents prompt you to ask if they should be given credit for anything? This kind of came from out of left field.
And no, in my opinion, people should not entertain any of the above entertainers / pundits / gurus you named. People need to be able to see what's going on around them, figure out who is on their side and who isn't, logically deduce how things will play out in a given set of circumstances and do their own bidding.
I tend to keep these kinds of things to myself, but it's frustrating to see these kinds of "professionals" ending up so colossally wrong and not be held to account for it.