Economists vs Weather Reporters

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Which is more accurate?

An Economist or a Weather Reporter?

How many times do we hear that a company “missed” their projected numbers expected by the analysis? Far more times than a weather reporter is wrong.

4 comments on “Economists vs Weather Reporters”

  1. 03/17/2009 bryant

    03/17/09

    “The government says construction of new homes rose sharply in February, defying economists’ forecasts for yet another drop in activity.”

    Yahoo Finance

  2. 03/13/2009 bryant

    03/13/09

    Consumers’ Mood Edges Up Unexpectedly in March- Reuters

    U.S. consumers’ mood improved unexpectedly in March as confidence in government economic policy improved, but sentiment remained anemic overall and close to a record low, a survey showed on Friday.

  3. 03/04/2009 bryant

    03/04/09:
    Yahoo Finance
    “A slightly better-than-expected report on the services sector helped push stocks higher.”

    Economist wrong again!

  4. 03/03/2009 bryant

    Example: 03/03/09
    Written by Martin Crutsinger, The Associated Press: From the Denver Post:

    “Consumer spending and incomes rose more than expected at the start of the year, but the gains were seen as fleeting in light of the recession and the waves of layoffs battering Americans.”

    8 Weeks into the year and the economists can’t define two BIG components – spending and income….

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