I blogged about it last week and today it happened again! The latest economic numbers were "unexpected," according to the "experts."
From the Associated Press: Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades. In another disappointing economic report, the number of newly laid-off workers requesting unemployment benefits rose more than expected last week as jobs remain scarce. In that jobs report, new claims for unemployment insurance rose by 11,000 to a seasonally adjusted 440,000. Wall Street economists polled by Thomson Reuters expected an increase of only 3,000.
Again I ask, who are these economic experts and how do they still have jobs?