I watched "The Forecaster" documentary last night and I started reading about his theories/forecasts today. (Never heard of him before .

That post is gold to me.  It nicely summarizes his view of the current situation.  And his scenario does seem to make sense.  But what I find to be pure gold is the following:

"People who have no real world experience in trading or seriously advising in the big leagues have way too much time on their hands to come up with theories that amount to just sophistry. You would not ask someone to operate on your brain because they smile nice or sound good but happen to be a piano player instead of a doctor. There are just some things you cannot understand without experience. That is why school is so bad in the social sciences (economics) beyond reading, writing, and math. It teaches theory – not reality."

I totally agree with him that Economics is a social sciences like psychology rather than pure science like math, where experience trumps theories any day.  But there are so many scholars in the domain who advocate Economics as a pure science, who act like charlatans pretending they know how economics work and pretending they know what they are doing but end up screwing up all the time.