Over the years, I have learned to ignore most experts, pundits, analysts, and economists — especially economists who are often in the media. Not only are they wrong a significant percentage of the time, but there is also no penalty for being wrong. Paul Krugman can be spectacularly wrong as often as he likes, but someone will still pay him to pontificate. Henry Kaufman, an economist who got things mostly right throughout the 1970s and famously called a major market bottom in the summer of 1982, once opined: “There are two kinds of people who lose money: those who know nothing and those who kno…