So, in March, Martin Crutsinger, an AP Economics Writer, declares that durable goods orders are unexpectedly “up” in February. Read the story here.
He then turns around in April, and declares that durable goods are unexpectedly “down” in March. And, you can read that here.
UPDATE 02/13/2011: The link is broken because that story has mysteriously disappeared. Our media REALLY SUCKS. So do you Crutsinger.
At what point (and, how) does one qualify to be an AP Economics Writer if they are always being surprised by, and with, economic data?
Or, do people like this Mr. Crutsinger answer to the mysterious “they” (that damn smoking rabbit again)?
Mr. Crutsinger, and parts of the media, just might be a big part of the problem with their irresponsible reporting that keeps unwitting citizens and investors off balance.
Peace be to my Brothers and Sisters.
Brian Patrick Cork