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To: expat2

It isn’t expectations that the economists have to adjust - it is their economic models.

Most modern macro-econ models are an outgrowth of the increased economic statistical measurement of the US and world economies post-WWII.

Since this is the first debt deflation we’ve had since the Great Depression, the post-WWII stats don’t reflect what happens during a debt deflation. Therefore, the expectations created by the economic models are simply incorrect.


10 posted on 07/06/2012 6:56:50 AM PDT by NVDave
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To: NVDave

Consensus yesterday morning was +75K until the ADP report came out then it went to +90K.


15 posted on 07/06/2012 7:03:14 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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