Before revision:  We hypothesize that due to non-instantaneous information flows, the inclusion of such a sentiment indicator  derived purely from unstructured news data  will improve our capabilities to forecast future recessions  .
After revision:  We hypothesize that due to non-instantaneous information flows, the inclusion of such a sentiment indicator derived purely from unstructured news data will improve our capabilities to forecast future recessions because it provides a direct measure of the polarity of the information consumers and producers are exposed to .