The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

‘Unexpectedly’!

Posted on | November 24, 2010 | 4 Comments

“New U.S. single-family home sales fell unexpectedly in October and prices dropped to a seven-year low, a government report showed on Wednesday, pointing sustained weakness in the housing market following the end of a home-buyer tax credit.”
– Reuters

“Orders to U.S. factories for long-lasting manufactured goods plunged in October by the largest amount in 21 months, reflecting widespread weakness in a number of areas.
Orders for durable goods dropped 3.3 percent last month, the Commerce Department reported Wednesday. . . .
“The unexpectedly sharp declines raised questions about the strength of manufacturing, which has been one of the economy’s standout performers.”
– Associated Press

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Category: Economics

Comments

  • http://ak4mc.us/cms/ McGehee

    Unexpectedly!

    There’s a song there.

    Hell, there’s about a million songs there.

  • http://twitter.com/robisaverb Robert Birch

    Unexpectedl,y all journalist don’t know anythig about economics, yet they write about it all the time like they are experts.

  • http://twitter.com/dustbury Charles G Hill

    “Trust us, we’re from the government.” And they can’t predict a perfectly-obvious economic trend? Why the hell would anyone trust them?

  • http://ilovegrover.com/ Thane_Eichenauer

    The Reuters article says they polled economists who expected new home sales to rise. Why Reuters thinks that any given group is likely to be able to predict the future is beyond me.

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