In my circle of friends its  redundant to precede the word psychic with fake. Sadly the MSM, this time CNN,fail to make the connection.Hell these people are more than happy to examine real world claims that a person may or not be a plumber yet can't be critical of those speaking with unseen forces.

"The biggest reason people are going to see psychics is probably that they want to feel in control," says Johar, who studies consumer behavior.

Allow me to rewrite:

People that make bad decisions  make further bad decisions when desperate.You didn't need to be psychic to see this coming, hell you just needed to read a few books and take a look around.

Psychic's business booming in tough economy - CNN.com