Absolutely. Every time I see the senior economist from the Westpac bank being interviewed on the television I think :

1 - Why do they keep interviewing him about the future but never talk about how accurate he was in the past.

2 - He is deliberately couching everything he says in 'weasel words' so as to never risk being wrong.

But he wears a suit, has a position of authority and looks like he should know what he is talking about, that seems to be all they want.

Much of the world is a confidence trick.