Economists are generally the last ones you can trust about bad economic tidings.
For one, almost all are paid by monied interests that don't want to spark a rout in the markets.
For another, they tend towards self impressed arrogance, talking down to everyone that didn't read their books, even as they have been consistently wrong.
Disclaimer: I don't have the best record on predicting markets either, which apparently can remain solvent longer than I can remain sane.