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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST

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To: Kirk © who wrote (3045)5/7/2015 10:43:44 AM
From: CrashDavis  Read Replies (1) of 26768
 
Hey Kirk et al,

Just saw this (below from Zerohedge) and haven't thought about it much yet. Am I correct in thinking that the economic surprise index is a measure of the data vs what economists expected?

Not really consistent with what the ECRI leading indicators say, but it could just mean that the largely-Keynesian Wall St economists haven't gotten the results from Fed actions that they had hoped for.

zerohedge.com

Since the end of QE3 (and the end of the government's fiscal year), US macroeconomic data has disappointed and weakened on an unprecedented scale. With April data not showing the post-weather bounce that every sell-side economist is hoping for, the absolute level of macro weakness was only marginally weaker in the past in the aftermath of the Lehman crisis.
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