Humans are creatures of hope. It occurs to me that we place too much blind faith in things sometimes. Take economics. The thing about macro models is that they depend on input that has been smoothed and homogenized far below the noise levels of real life. Sort of like smoothing loan collateral pool risk into simplified spreadsheet factors. Economics too often depends on the systems finding balance presuming computational isolation from discontinuitues, externalities and outliers. The law of unintended consequences always applies when we simplify. Murphy's leverage is amplified by the alchemy of theories reaching far beyond their stable linearity. When you hear someone say "it's not perfect but it's better than nothing" that's the sound of a match being lit in a room full of dynamite. Sometimes we forget that we are the monkeys with keyboards trying to write Shakespeare.
So here's one for you to ponder. The same colleges that train some of the best economists also train some of "the best" structured finance designers. It's the same math. I'm just sayin'.