This Week's Unexpected Analyst's Failures

Every week brings results that were totally unexpected by our Country's sterling analysts.
In other words, week after week, issue after issue, experts and pundits are always wrong. It's not wonder our financial situation is in such disarray.

Here's just one example so far this week (and it's only Tuesday):

CHICAGO – Consumer's confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen.

The Consumer Confidence Index, released by The Conference Board, sank unexpectedly to 47.7 in October — its second-lowest recording since May.

Wall Street analysts predicted a reading of 53.1.*

A reading above 90 means the economy is on solid footing. Above 100 signals strong growth.

*See that part about Wall Street analysts? Wrong again? And we bailed these fools out?

Today's Unexpected News

GDP Declines 1 Percent In 2Q, Better Than Expected

WASHINGTON — The economy shrank at an annual rate of 1 percent in the spring, a better-than-expected showing and more evidence that the recession is drawing to a close. Many analysts believe the economy is growing in the current quarter, but they caution that any rebound will not be accompanied initially by rising employment.

Nothing happens in this country finanacially that is expected. No wonder things are in such bad shape. Where do we get a new crop of analysts who can replace the current, inept ones?