There are at least two ways in
which economic surprises impact markets.
Not exact matches
In a tightly scripted campaign launch in
which there were few
surprises, the comments were unexpected, at least by progressives, who saw them as an early sign she may shift away from the centrist
economic policies pursued by her husband, former President Bill Clinton.
Jeff Currie, head of commodities research at Goldman Sachs —
which correctly predicted oil would reach US$ 85 in 2009 — thinks crude has a good chance of hitting US$ 100 this year, primarily because «U.S.
economic data has
surprised to the upside.»
Given these positive
surprises, and because monetary policy must be forward - looking to achieve our inflation target, Governing Council's discussions focused on three main issues: first, the extent to
which recent strength is signalling stronger
economic momentum in Canada and globally; second, how heightened levels of uncertainty, particularly about US tax and trade policies, should be incorporated in our outlook; and third, how much excess capacity the economy currently has, and the growth rate of potential output going forward.
First, if growth did not recover and
surprise on the upside (in
which case high asset prices would be justified), eventually slow growth would dominate the levitational effects of liquidity and force asset prices lower, in line with weaker
economic fundamentals.
In an August 28 Wall Street Journal editorial it noted that «To no one's
surprise except Vice President Joe Biden's, second quarter
economic growth was revised down yesterday to 1.6 % from the prior estimate of growth of 2.4 %
which was down from first quarter growth of 3.7 %,
which was down from the 2009 fourth quarter's 5 %.
Beyond all these
surprises, Perry pointed out, is the stunned recognition that things will never be the same again — that a great social, political and
economic power, one
which our world has reckoned with for most of this century, is unraveling.
You may be
surprised to discover that almost the whole of our waking life is spent in some way in the presence of mass - mediated messages, messages
which, by their nature, are highly ideological by virtue of their being centralised, largely impersonal, lacking the opportunity for personal feedback and participation, and generally existing primarily for the purpose of
economic profit.
He had strong views about economics, the free market and low taxation, and it will come as a
surprise to many of his former colleagues that he was the founder member of PEST — Pressure for
Economic and Social Toryism —
which later became associated with a left, if not wet, form of Conservatism.
The President touched on Moody's recent
economic report on Ghana
which defined the
economic outlook of the country as positive and expressed
surprise at the negative comments some people made about the report.
Founded in 1998, Working Families Party has focused on Democrats and this «enabled it to accumulate
surprising influence over Democratic officials, yanking them left on
economic issues like the minimum wage,
which the party was instrumental in helping to raise in New York State, in exchange for its support.»
According to the Organisation for
Economic Co-operation and Development's (OECD's) 2003 report,» Education at a Glance», among OECD countries, Sweden produces the most new Ph.D. s,
which isn't
surprising finding given the Swedish government's pro-higher-education stance; in 2001, Sweden proposed to double the number of new Ph.D. graduates in the coming ten - year - period.
Russian luxury consumers travel much less these days,
which is not
surprising given that the rouble has lost 30 percent of its value against the euro in the past three years, hammered by low oil prices and bruising
economic sanctions imposed over Russia's involvement in Ukraine and annexation of Crimea.
However, Rajan (2009) debates this breaking down of the financial model while underestimating the political, social and
economic risks should not have been very much of a
surprise while the models relied entirely on hard information and ignored soft control variables such as the incentives of lenders to collect information about borrowers,
which was one of the fundamental causes for their failure (Rajan et all., 2009).
This is not
surprising, because a fundamental goal of investment research has been to discover those strategies
which maximize personal
economic welfare on a risk - adjusted returns basis.
The Loonie's price action was not dictated solely by oil prices, though, since Canadian
economic data also had an impact, namely Canadian monthly GDP report,
which surprised by printing a 0.1 % contraction in August instead of growing by 0.1 % as expected.
While outrageous, it is unfortunately not
surprising that a board
which owns virtually no shares and has almost zero
economic interest in the fortunes of the Company would be making these payments and failing to act even remotely in the interests of shareholders.
It's no
surprise that, despite these turbulent
economic times, in the country
which boasts 16 lane highways, where the car is adored and deified, some of the most phenomenal, car - related events in the world take place there.
This
surprising «decoupling» of emissions from
economic activity was led by the two largest emitters, China and the U.S.,
which both registered declines in emissions of about 1.5 percent.
However, removing the impact of mergers, team hires and fee inflation, underlying organic growth in legal work is unlikely to have accounted for much,
which is perhaps
surprising given the relatively stable pre-referendum
economic environment.