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While we wait for the housing bust, predicted for the last three-four years now, and the interest rate bust, predicted for the last five-six years now, wages are now increasing (a lagging number in boom times!) and the economy has so far totally shrugged off the problem of higher fuel prices (which nobody predicted).
The economic futurism is a fun game, but having watched it for a while now, it's just a game. Economists themselves are mixed about the value of predicting the future - because they so often get it completely wrong. They wonder whether it devalues the entire profession.
Because the economy is actually so complex that nobody can model the whole thing. Because nobody can accurately predict human and societal behavior.
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