I have written often about how appalling the social sciences are at prediction and I include the financial markets within this soft science definition. The chart below shows that intriguingly this is not the case with other sciences – longer term weather forecasts are becoming more and more accurate. The interesting thing is that economists have access to exactly the same tools but their predictions are still crap.
![crystal-ball-500](https://www.tradinggame.com.au/wp-content/uploads/2014/06/crystal-ball-500-500x250.jpg)