It&#x27;s probably more accurate to state that those economists who make policy didn&#x27;t see it coming... the economists that matter.<p><a href="http:&#x2F;&#x2F;www.forbes.com&#x2F;2007&#x2F;05&#x2F;17&#x2F;bernanke-subprime-speech-markets-equity-cx_er_0516markets02.html" rel="nofollow">http:&#x2F;&#x2F;www.forbes.com&#x2F;2007&#x2F;05&#x2F;17&#x2F;bernanke-subprime-speech-ma...</a><p>Of course, the economy nearly collapsed a year after that speech.<p>That&#x27;s the great conceit of central banking, that a small committee of &quot;learned professionals&quot; can predict the future and claim to divine the actions of billions of market transactions.