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Why We're Still Listening to Economists

Unlike physics they don't have the luxury of being able to prove their models and theories more or less quickly.
As a doomer you're thus perceived as being wrong until the prediction sets in, however in the mean time, bubble or not, there's plenty of profit to be made which given current short-tern incentives means only a handful are ready to go along with that. Even if you had called this bubble in 2003 as a funds manager you would still have been forced to go along with it as the benchmark is set quarter-by-quarter.
As an individual who flips houses there's always the hope of being able to time the market properly and make a nice and tidy profit in the meantime.
In my opinion, anyone that does not go by his opinion in the money market should obstain from it and leave it to those that actually made their homework, too many people are too easily being influenced, too many people shy away from mental work i.e. actually have a look at the fundamentals, value and histoy behind everything. I'm just a graduate student who doesn't even study economics but I'll be damned if common sense and everyday learning and reading don't go a long way.
Take the Russian-Ukrainian dispute as an example, how was that not easy money?
My way of going on about this is to read a lot about what goes on, complement it with theory and ultimately make my own call and stand by it until its proven otherwise. Economists provide the numbers but the analysis is down to me. Weird to actually have to make something so basic clear.