FAR < Expected

Durable Goods Orders Rose Far Less Than Expected

New orders for long-lasting U.S. manufactured goods rose far less than expected in July and, excluding transportation equipment, posted their largest decline in 1-1/2 years, according to a government report on Wednesday that pointed to a slowdown in manufacturing.

Oops.

UPDATE: I think the word for new home sales is TANK:

Home Sales Fall 12.4% to 276,000, Short of Estimates that Called for Sales to Rise to 333,000 (story developing)

CNBC is using the “unexpected” word, as in , “We were expecting things to start firming up, perhaps even a 2% bump. Coming in waaay below expectations…a 12.4% drop is UNEXPECTED and bad news.”

categories Biz, Nanny State, Politics | | datetime August 25, 2010 8:52 am

3 Responses to “FAR < Expected”

  1. JeffS says:
    August 25, 2010 at 9:24 am

    They keep on using that word, “unexpected”. I do not think it means what they think it means.

  2. Dr Alice says:
    August 25, 2010 at 12:05 pm

    What sort of raving optimists have they got crunching these numbers?

  3. major dad says:
    August 25, 2010 at 2:59 pm

    Optimists? More like liars.

Image | WordPress Themes