Two seemingly contradictory charts about economists and the economy 📈📉
Who's surprising whom? 🤨
Like industry analysts who make forecasts about company earnings, economists make forecasts about the economy.
And many market watchers are obsessed with learning how actual results measure up against those forecasts.
However, it’s easy to misread what it means when the actual results surprise forecasters to the upside or downside.
Downside surprises don’t mean things are bad 🤯
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