There is an interesting piece in today's Daily Telegraph, by Dominic Raab, now admittedly he is a pro Brexit Tory MP so you must bear that caveat in mind.
The article queries why the experts so frequently get things wrong?
He goes on to disclose that the Bank of England's "conjectural analysis team" measure the number of articles citing the words 'economic uncertainty' published in the Financial Times, the Times, the Guardian and the Independent. This data is then used to forecast GDP, economic growth, inflation and future government borrowing.
It really does beggar belief that we pay these experts, six figure salaries, to basically read newspapers.
Then when you bare in mind that the journalists are basing their stories on 'facts' gleaned from FOI requests, it gets rather disturbing.
There was a similar bit on the radio the other day, apparently someone at the NHS measures how many times the word 'flu' is tweeted, and they reckon that is the best way of predicting an epidemic.
Personally I just wish there was a newspaper journalist who could predict tomorrow's winner in the 3:30 at Doncaster, but then again if he picked too many winners he would no doubt be recruited onto the Monetary Policy Committee?