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To: upchuck
"Economists" had predicted a fall of 1.7%. It fell 2.4%. Does that qualify as "unexpected?"

Actually, what the poorly written report says is:

Durable goods orders tumbled 4.2 percent . . . after a downwardly revised 1.9 percent increase in February. Economists had forecast orders for durable goods . . . falling 1.7 percent after a previously reported 2.4 percent rise in February. [red numbers go together, and green numbers go together]

The difference wasn't 0.7%, it was 2.5% and the adjustment to the previous month was another 0.5%. The magnitude of the change qualifies as unexpected.


14 posted on 04/25/2012 7:30:19 AM PDT by Pollster1 (Can we afford as much government as welfare-addicted voters demand?)
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To: All

I’m fully expecting the media to spin this as a net positive as a sign of a strengthening recovery.


15 posted on 04/25/2012 7:37:47 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: Pollster1
So, the “rise” was ONE HALF Percent LESS than expected and the “fall” was TWO and ONE HALF Percent MORE than expected.

Looks like a THREE PERCENT “unexpected” error to the worst from the people that the Politicians depend on to get their lies straight.

We are so screwed and Obama still has a 50/50 shot at remaining in Office. We truly live in the Bizarro World.

22 posted on 04/25/2012 8:57:52 PM PDT by Kickass Conservative (A day without Obama is like a day without a Tsunami.)
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