Posted on 07/15/2014 9:47:29 AM PDT by blam
July 14, 2014
Andrew_McKillop
Always Unexpected
Each monthly decline in leading economic indicators, when it happens in the Eurozone, as in the US or Japan, China, Brazil, India or elsewhere, is always “unexpected”. Why is this?
For example the March, April, May and June declines for the Eurozone were each time titled “unexpected” by newswires and mainstream media the month following each “surprise”. Taking the case of Reuters, it reported April 14 that Eurozone industrial output had fallen in March “for the first time since August” so this was able to be called unexpected. Then the decline continued in April.
And in May.
By June it was still no surprise to read newswire claims that the decline of indicators in May was “surprising”, despite this decline now being three-in-a-row. We could call it something like German goal scoring against Brazil in the world football cup. Why not four more “unexpected” goals?
Learning nothing and forgetting nothing, on July 14 the same newswires said: “Industrial production in the euro zone fell unexpectedly in June, as drops in French and German output suggested the currency area's economic recovery slowed at the end of the second quarter”.
It only “suggested' that, of course. It didnt give hard-edged, impossible-to-disprove data on the decline!
Not at all surprising but outright shocking, the US bank Citigroup, publishing data on what it calls its “Citigroup Economic Surprise Index” for May 2014 (published June 7) had an anonymous staff journalist say: “I hold a view that the so called “Leading Indicators” are not actually leading anything or anyone. The market does not pay too much attention to last month's data, but instead focuses and anticipates the future events, most likely 6 to 12 months ahead”.
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
Why “Unexpected”
Because that is the Democrat talking point and the media is going to dutifully use it until they are told otherwise
one pathetic word, obammy.
According to those in power, wherever they may be, failures of policy are always “unexpected” and can never be their fault. And if its unexpected then ergo, its something beyond their control. Therefore, the ruling elites can’t be held accountable. No matter how many failures they produce.
Yep! That and the fact that socialist politicians can not face the truth that their economic policies are incompatible with the free market & human nature. Their policies are doomed to failure, but they can’t admit that for that would give the game away. So they all ‘pretend’ that extraneous factors (my favorite is this spring’s weather) are conspiring against the economic progress that is sure to come if we only have the patience to wait it out.
It is only unexpected because the sycophants who report this stuff actually believe that government run economies work. They are always amazed when it doesn’t work.
Someone’s a FReeper or a Lurker!
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