By Evelina M. Tainer, Chief Economist, Econoday
9/14/01

Despite the heightened state of emergency in Washington D.C., statistical agencies were open and still releasing indicators this week. The indicators showed a different economy though - one that hadn't experienced a terrorist attack. In economic jargon, this is known as an exogenous shock -- a change in the state of the world that makes past events less relevant. As such, most economists and market players are now revising their forecasts and expectations.