Economists

Two days ago I did a post on an economist (PhD nonetheless) at the Richmond Fed ragging on bloggers. My one observation was that economists in today's less than normal economy often miss the mark. You can do this any day, but here are a few misses that I have seen just today:

First, manufacturing growth in China slowed more than econonmists expected:

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aaqOeS4Rmf24&pos=2

Second, unemployment numbers out today exceeded economists' expectations.

http://www.marketwatch.com/story/jobless-claims-climb-13000-to-472000-2010-07-01

You can do one of these list daily and this is just with a few minutes by me reading headline news. These misses were not big but you can bank on big misses at least once a month.