More “Unexpected” Bad News on the Economy

Well this stinks: “Existing home sales tumble 9.6%.” And you’ll never guess what kind of news this is:
“The report was worse than economists had expected.” A whole lot of bad news has snuck up on economists over the past couple of years. It’s almost like they can’t see what everyone else is pretty clear about.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.