July 2011 "Unexpectedly" Compilation

Last month I decided to make a compilation of as many "unexpectedlies" that I could find.  For those unfamiliar with the term, the Main Stream Media and news outlets sympathetic to President Obama always used the term "unexpectedly" (or some variation of the word) to describe bad economic news.  The reason why they do this is simple:  if bad economic news is unexpected, then good news about the economy is the norm.  Get it?

The problem is, of course, that there has been a tremendous amount of bad news about the economy and, in fact, under President Obama's leadership, bad news is indeed the norm.  Yet the MSM trudges along, refusing to change despite how ludicrous they look.

So, I tried to cover from the beginning of 2011 to late June in my last compilation.  Of course, I recognize that I certainly missed a bunch.  Therefore, I figured that I would do a monthly piece so that these articles aren't lost in the big world of the internet.

I'm sure you're done reading this, so without further ado:

U.S. Economy: Sales of New Houses Unexpectedly Dropped in June, Business Week, July 26

U.S. durable goods orders fall unexpectedly, Financial Post, Jul 27

U.S. Trade Deficit Unexpectedly Surges as Oil Prices Climb, Business Week, July 12

US Trade Deficit Unexpectedly Surges to $50.2 Billion, Money News, July 12

"Many key labor market signals deteriorated, and the jobless rate rose unexpectedly to 9.2 percent," Reuters, July 8

Orders for U.S. Durable Goods Unexpectedly Fall as Inventory Growth Slows, Bloomberg, July 27

Expected bumper crop in US makes corn prices suffer its biggest fall in 15 years, Merco Press, July 1

U.S. Durable Goods Orders Unexpectedly Sink, Fox Business, July 27

Data worse than expected AUD/USD plunged to 1.0720 short-term, Forex News, July 4

U.S. GDP Grows At Annual Rate Of 1.3 Percent In Second Quarter, Missing Expectations, Huffington Post, July 29

"The unemployment rate jumped unexpectedly higher in June," Fox Business, July 8

U.S. economic growth in the second quarter, lower than expected, Finance Online, July 30

U.S. Consumer Confidence Unexpectedly Declines to 63.8 From 71.5 in Index, Bloomberg, July 15

UPDATE: US June Durable Goods Orders Unexpectedly Fall, Nasdaq, July 27

Existing-Home Sales in U.S. Unexpectedly Decreased in June, Business Week, July 20

New York Area Manufacturing Unexpectedly Shrank in July, Bloomber, July 15

And, of course, economic news that no one seems to pay attention to: data that is later revised downward. In other words, normally the economic data is "unexpectedly" low during initial reports, then it gets lowered even further later on:

GDP report shows economy even weaker than expected, Washington Examiner, July 29

2011 auto sales forecast revised downward, Business Times, July 18

Bernanke revises down U.S. growth this year, Economics Newspaper, July 13

US revises down growth rate, Financial Times, July 29

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