[Principled]

Have you ever hit exactly on the mark with your weekly estimate? It's either either higher than expected or lower--rarely right on the nose ("as expected").

If it is rarely right on the nose, then it isn't unexpected when "the nose isn't hit"...

The use of "unexpected" to which I object is that the authors claim the the worsening is unexpected. Bullshet. It's getting worse out there and it's easy to see. It would be unexpected for it to get better. And I think 0Fraudo is doing it on purpose. There is no other explanation.

Sorry for the vent in your general direction Gondring.

[Gondring]

And I think 0Fraudo is doing it on purpose.

Hampering the recovery? Heinlein's Razor notwithstanding, it appears that way. But the estimate that the weekly estimate is compared to is the result of Reuters polling a panel of economists for their estimates. The economists are the ones out of touch...what else is new?

Note that during the GWB years, we saw a similar phenomenon..."above expectations" or "below expectations" was never noticed then.

And I note that many people don't utter a peep when the unemployment rate itself "was lower than expected"...