Sometimes there’s joy in being wrong. For example, last quarter’s weak 1.8% GDP was not unexpectedly revised downward as I feared it would be. Instead, it stayed the same.
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But jobless claims are up — unexpectedly.
Durable goods orders are down — unexpectedly.
Food prices are up — unexpectedly.
And a weak dollar is pushing oil up yet again — unexpectedly.
Sigh.
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