Re: Surprise surprise

["Max B. Sawicky" <sawicky@xxxxxxxxxxxxxxxx>]

I'm surprised.  OTOH, many here are surprised when
the economy does well.

I have to admit that inflation-indexed Federal bonds
look pretty good now.



-----Original Message-----
From: PEN-L list [mailto:PEN-L@xxxxxxxxxxxxxxxx] On Behalf Of Michael
Perelman
Sent: Friday, March 12, 2004 3:04 PM
To: PEN-L@xxxxxxxxxxxxxxxx
Subject: Surprise surprise

Today's Wall Street Journal says that most economists are surprised by the
week labor
market.  Their writers don't hang out here, but that falls within our
expectation.
Yesterday's paper had an article saying that real estate markets are heating
up
again.  That might be a surprise here.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu