{"id":2031,"date":"2009-06-01T18:35:00","date_gmt":"2009-06-01T23:35:00","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2009\/06\/why-is-economic-news-always-surprising\/"},"modified":"2009-06-01T18:30:01","modified_gmt":"2009-06-01T23:30:01","slug":"why-is-economic-news-always-surprising","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2009\/06\/why-is-economic-news-always-surprising\/","title":{"rendered":"Why Is Economic News Always Surprising?"},"content":{"rendered":"<p>Isn\u2019t this an old marketing trick \u2013 include \u201csurprising,\u201d \u201cstunned,\u201d or \u201cunexpected\u201d in a headline?\u00a0 It seems to me that every time an economic report comes out, we are presented with one of these words to describe the data.<\/p>\n<p>The latest example comes from <a href=\"http:\/\/money.cnn.com\/2009\/06\/01\/news\/economy\/construction_spending.reut\/index.htm?postversion=2009060111\" target=\"_blank\">cnnmoney.com<\/a> today:<\/p>\n<blockquote><p>U.S. construction spending unexpectedly posted its biggest increase in eight months in April, advancing for a second straight month as the private sector put money into both residential and nonresidential projects, according to a government report on Monday.<\/p><\/blockquote>\n<p>Oh to be able to surprise a sales manager with an unexpectedly lower sales forecast!\u00a0 If the experts are consistently surprised, what credentials do they have for being experts?<\/p>\n<p>Anyway, I am hopeful that the economy is turning, but I have to question if this is too early of a read.\u00a0 The GM bankruptcy is going to have seismic repercussions on unemployment which is a lagging indicator to start.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Isn\u2019t this an old marketing trick \u2013 include \u201csurprising,\u201d \u201cstunned,\u201d or \u201cunexpected\u201d in a headline?\u00a0 It seems to me that every time an economic report comes out, we are presented with one of these words to describe the data. The latest example comes from cnnmoney.com today: U.S. construction spending unexpectedly posted its biggest increase in eight months in April, advancing for a second straight month as the private sector put money into both residential and nonresidential projects, according to a government report on Monday. Oh to be able to surprise a sales manager with an unexpectedly lower sales forecast!\u00a0 If the experts are consistently surprised, what credentials do they have&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2009\/06\/why-is-economic-news-always-surprising\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[49],"tags":[1330,49,248,1331,1082],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-wL","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2031"}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=2031"}],"version-history":[{"count":2,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2031\/revisions"}],"predecessor-version":[{"id":2032,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2031\/revisions\/2032"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=2031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=2031"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=2031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. The path to wp-cache-phase1.php in wp-content/advanced-cache.php must be fixed! -->