The consensus default rate estimates for 2012 and 2013, in fact, are inside the historical average of 3.4%.
We expect more U.S. growth, profits, inflation and equity price gains than the consensus, and rate hikes rather than cuts.
Similarly, with leadership from both parties, we could reach consensus on the top rate and scale other rates down from there.
Roubini, best known for presciently anticipating the crisis of 2007 and 2008, predicts slightly slower than consensus growth in the coming year foreseeing a growth rate of 2.7% rather than the consensus 3.2%.
China GDP growth for the first quarter of 2013 slowed to an annualized rate of 7.7%, below the consensus estimate of 8%, and down from an annualized rate of 7.9% in the fourth quarter of 2012.
And its PEG ratio is just 0.4 based on a consensus 5-year EPS growth rate of 21%.
FORBES: Koppers Holdings' Stock Dives Despite Rise in Net Sales
Stifel Niclaous analyst David Grossman points out in a research note this morning that profits adjusted for the non-comparable tax rate missed the Street consensus by 27 cents a share.
FORBES: Computer Sciences Swoons As Q1 Profits Miss; New Biz Falls
The consensus estimate was also that the unemployment rate would hold steady at 9.8% in December.
Moreover, the consensus analyst long-term EPS growth rate projection is 12% for PSMT, versus a 14.5% industry median.
Given his more optimistic view on the U.S. economy than the consensus he is calling for a Fed rate hike in January 2013.
FORBES: Fed Watch 2012: What Does Ben Have Up His Sleeve Now?
That would be well below the consensus estimate of America's potential growth rate of around 4%.
The consensus forecast now calls for a 2011 growth rate of only 1.5%.
Both vices may arise in part because it pursues the virtue of consensus: it tries to reach interest-rate decisions, for instance, without holding a formal vote.
And on Friday, it was reported that there were only 157, 000 new jobs added in January, and the unemployment rate rose to 7.9% from 7.8%, versus the consensus forecast of economists for 170, 000 new jobs, and a decline in the unemployment rate to 7.7%.
FORBES: Usually Right, The Market Says No Problem For Economy In Sight
There is a consensus among all the candidates that the federal corporate tax rate of 35%, the highest in the rich world, must be slashed.
Its next rate decision is scheduled for Aug. 27, and consensus expectations are for it to stand still at 6.00%.
There is now a consensus that the large bail-outs to defend fixed exchange-rate pegs such as those seen in Russia or Brazil should not be repeated.
So our growth rate for 2011 is a fair bit lower than the consensus of private forecasters surveyed by the blue chip or by the Survey of Professional Forecasters.
And today's government report on productivity and costs showed that unit labor costs grew 4.2% from the first quarter, above the consensus of 3.8% and much faster than the growth rate of productivity, which increased 1.1%, way below the 4.3% pace of last quarter.
While the current consensus suggests the economy will grow at only a 1.2% rate in Q3, we are forecasting a growth rate of 2.5%-plus.
And today's report on productivity and expenses showed that unit labor costs grew 4.2% from the first quarter, above the consensus of 3.8%--nearly four times the growth rate of productivity.
In their view, reduction in the main policy rate will likely be dependent to some degree on how much consensus is achieved on the design of the new bond purchase program.
The economy added 236, 000 jobs in February, beating the consensus estimate of 163, 000 by a wide margin as the unemployment rate fell to 7.7%, as my colleague Steve Schaefer reported.
FORBES: Why Is The White House Playing Down A Strong Jobs Report?
The US president said India "continues to grow at an impressive rate", but "there appears to be a growing consensus in India that the time may be right for another wave of economic reforms to make India more competitive in the global economy".
Amid all this uncertainty there's a rising consensus among strong-dollar types that the path to nirvana is paved with rate increases.
There is now a consensus that the massive bail-outs to shore up fixed-exchange-rate regimes (as in Russia or Brazil) should not be repeated.
The figure, well ahead of the consensus estimate of 163, 000, also came with a decline in the unemployment rate to 7.7%.
FORBES: Stocks Keep Sizzling After Payroll Pickup: U.S. Adds 236,000 Jobs
World markets are reeling because the consensus in U.S. is turning towards more, not fewer, interest-rate hikes.
The consensus in the markets is that the U.S. economy grew by an annualized rate of 1.1 percent in the final three months of the year, way down on the previous quarter's 3.1 percent.
The news comes ahead of an all-important ECB meeting in which consensus estimates are that the institution headed by Jean Claude Trichet will hike its main policy rate by 25 basis points, according to Nomura. (Read Portuguese Parliament Rejects Austerity Plan, PM Socrates Resigns).
应用推荐