Bad Economic News is Unexpected As Expected

I don’t have a lot of commentary on this one, but via the Jammie Wearing Fool:

Weaker-than-expected economic data boosted U.S. government securities prices on Thursday and seemed to increase the likelihood the Federal Reserve would buy debt to aid the economy.

An unexpected rise in new U.S. jobless claims and overnight reports showing a slower pace of growth in the euro zone’s services and manufacturing sectors boosted demand for safe-haven government debt.I’m shocked–just shocked–that economists were expecting things to improve and that they have not. Mainstream media is something of a joke now, especially news gathering groups such as the AP and Reuters, but it is as if they are making a deliberate and concerted effort to make themselves marginal.

When Obama tells us he's a Christian...
Carter Contrary