A perfect example of the old saw that a little knowledge is a dangerous thing. Reminds me of Michael Crichton’s brilliant takedown of speculative forecasting. As Crichton says over and over, nobody knows the future. Take all the forecasting of pundits and think tanks and professors and look at it ten or twenty years later, and its only by random chance that a small percentage of it actually comes true. These two hip, learned guys are throwing around all the economic tidbits they know and pretending they can make forecasts out of it. They are actually merely hucksters.