Unexpected Result of the Week, So Far

Every week, without fail, some economic result/stat is released accompanied with the qualifier that the result was less/more than analysts' expectations. In other words, every week analysts are wrong in their predictions, yet the corportate media still turns to them for info. Here's the first example so far this week:

"WASHINGTON – Wholesale prices rose less than expected in May as a drop in food costs helped keep overall prices down.

The Labor Department said Tuesday that the Producer Price Index increased by a seasonally adjusted 0.2 percent from April. That's below analysts' expectations of a 0.6 percent rise."

No wonder our financial system is such a mess. We keep listening to analysts who, truth be known, have no clue as to what is going to happen.

Stay tuned for the next example. Could happen any time. And watch for it yourself. Once you notice this and it registers, you will begin to see just how often it happens.