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ECRI leading index has been declining since spring 2011.
The forecasters are simply playing catchup.
They should get out more.
Maybe this comment was made in jest, but this is precisely the problem. Washington DC was booming from gov't expansion through this year, so politicians saw no crisis (or paid it lip service). Wall Street saw the crisis from their terminals, but even NY didn't decline as much as one might have expected (yet). So we have this 2 year bull market courtesy of the Fed, and all is good, right? But work this year has been harder to come by since 2008, which was abysmal.
They cant mingle with peasants, it's way too dangerous.
No-one could have foreseen this...
Ah so after blowing up their rates desk blow up ,now they just had their long equity positions blow up in the last couple weeks too?!?!? the house of morgan has lost it's touch for sure...so when do they file chapter 11?
When silver flies up to $100.
if MS is two weeks behind the curve as you state here, and at the rate of this market's schizophrenia, ironically it won't be long until they accidentally become cutting edge again.
Like weathermen, financial 'experting' are the only two professions where you can be incredibly wrong in your predictions and yet still get to keep your job somehow.
And now that the weathermen have gotten their shit together, it's only the financial experts that can be incredibly wrong and still keep their jobs. The weather forecasts are pretty damn accurate these days.
You both forgot Politicians who can not only be wrong but blatantly lie.
I bet the data feeds get all funked up today.
So in summary, MS is saying "whaa! We need QE3 or our bonuses will suffer".
We Are Capitulating
We Are Capitulating
Oh, the vernacular of Wall Street.
I know that love means never having to say you’re sorry. What emotional state means never having to say I WAS WRONG?
cramer just threw them under the bus for adding fuel to the fire...how stupid is that? at least they are trying to admit they were wrong
Morgan Stanley Smith Barney - We put the COUNTER in "counterintuitive."
The morning after pill is the latest form of emergency contraception, which is defined as contraception practiced after sex in a situation where pregnancy may occur. In the past, emergency contraception required a visit to the doctor. Current practice, often referred to as the morning after pill, is much easier than previous methods. Thanks a lot.
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