Tuesday, July 13, 2010

Trade Deficit unexpectedly Widens

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/13/AR2010071302582.html

Those pesky economists can't get anything right. They are as clueless as clueless gets.

The deficit was projected to narrow to $39 billion

"The gap expanded 4.8 percent to $42.3 billion" Hey they were only off by 3 billion dollars.

"Estimates of 72 economists surveyed by Bloomberg ranged from deficits of $37 billion to $41.5 billion." Even at the high end they were off by a billion dollars. You would think 1 out of 72 would get it right. These are genius economists after all. How can they all be wrong all the time. It is embarrassing. They should really just ask me. If they did none of this would ever be unexpected.

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