Who are the official "EXPECT-ORS" that are always shocked by a bad economic report clearly indicating the report is an aberration of some sort? Good reports are usually expected indicating that is the the norm..This is as form MOPE.
Jim
"Unexpected" suggests a lack of understanding of ebb and flow within larger secular patterns/cycles. Do not assume mass ignorance of the secular trends, though. As Jim suggests, perception management is a powerful short-term tool. If you cannot win a battle, you don't rush to fight it. You talk it to death.
Eric
Average Weekly Initial Claims State Unemployment (AWIC) And YOY Change:
Source: bloomberg.com
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