Unexpectedly!
As megablogger Glenn Reynolds, aka Instapundit, has noted with amusement, the word “unexpectedly,” or variants thereof, keeps cropping up in mainstream-media stories about the economy.
“New U.S. claims for unemployment benefits unexpectedly climbed,” reported cnbc.com May 25.
“Personal consumption fell,” Business Insider reported the same day, “when it was expected to rise.”
“Durable goods declined 3.6 percent last month,” Reuters reported May 25, “worse than economists’ expectations.”
“Previously owned home sales unexpectedly fall,” headlined Bloomberg News May 19.
“U.S. home construction fell unexpectedly in April,” wrote the Wall Street Journal May 18.
Those examples are all from the last two weeks. Reynolds has been linking to similar items since October 2009. READ MORE...
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