If that were true, than stagers would be out of jobs.
Mind translating that statement into English more or less?
As to your #91 - any real economist will tell you that econometrics is a very valuable forecasting tool particularly for certain types of industries. Since Keynes the role of pyschology has taken the forefront in economic theory. His whole theory was based upon expectations and reactions to them. Economics is understandable but just difficult to focus on small questions. But theory gives directions of change with great accuracy just not the magnitude without enormous modeling work.