Manufacturing in U.S. Unexpectedly Contracted in June (user search)
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  Manufacturing in U.S. Unexpectedly Contracted in June (search mode)
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Author Topic: Manufacturing in U.S. Unexpectedly Contracted in June  (Read 914 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: July 03, 2012, 06:31:35 PM »

You do realize that this being "unexpected" hurts Obama? It signifies that the economy is worse than what the economists thought.

That's not what is signified.  Given how these sorts of numbers are always being subject to later revision, it signifies that what the economists now think how the economy is doing is worse than how they thought it would be doing and they'll be revising their opinion in a few weeks.

I do somewhat appreciate CARL's monomaniacal searching out of the word "unexpected" in these sorts of stories, even tho he only bothers to post them then they are unexpectedly worse than expected and never when they are unexpectedly better than than expected.  Given the track record of forecasting these sorts of numbers, the only thing that should be truly unexpected is if the reported number matched the expected number.
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