building approvals fall 8% - economists 0.5

in may approvals fell 7.9%, economists had predicted a fall of 0.5%...
they are way out by 7.4%...
they consistently get it wrong...
what planet do they live on
where did they get their information, education, qualifications from....another planet...
approvals were down 14.4% for the year...
its copyright so just a link
http://news.theage.com.au/breaking-news-business/building-approvals-fall-79-20110704-1gy4i.html

these are the same goofy guru's, that consistently scream interest rate rises...the economy is gung ho....blah blah blah

most of the CPI increases are things that are out of our hands,,,,we have no control over them
for eg; energy costs....unless we turn of all the lights, dont cook etc
petrol prices....what choice is there, chuck in your job and stay home...or make your own petrol
food prices....with just 2 big retailers, the alternative is, should we starve
the reliance on the CPI to gauge consumer sentiment to prices, is now so obsolete...
all the above costs keep rising, they are the basics for most of us...we have no control over them...
its not like discretionary spending...that we do have control over...
take economists predictions with a grain of salt....if you want to be a winner...
if you prefer the losing streak...listen to them all you like..

ps note to the other thread, about motel rooms....your neighbours at those prices, are probably druggies, hookers,
and the govt assylum housing program...(more likely those refugees are in 5 star, not 1 star)