Tuesday, August 18, 2009

Analysts Blow It Again

Only Tuesday and already we have a second example of the "experts" getting it wrong again.

Here's the latest "unexpected" news (from NPR website):

Wholesale prices fell sharply again in July, capping off a record 12-month plunge, while new housing starts for the month also dropped unexpectedly, underscoring the shakiness of any economic recovery.

Wholesale prices paid by retailers dropped 0.9 percent last month, led by big decreases in energy and food costs, according to the Labor Department. The figure is triple the decline most economists had expected.

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