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Double Digit Negative Philly Fed Print (-12.9)Means Fourth Miss In A Row

 
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07/19/2012 10:15 AM

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Double Digit Negative Philly Fed Print (-12.9)Means Fourth Miss In A Row
Every single economic data point keeps coming worse than expected, and the S&P is just shy of 2012 and probably all time (for those who still care about such things) highs. The Philly Fed just posted its July index print which was as usual abysmal, posting its third negative month in a row, coming in at -12.9, and missing expectations of -8.0 for the fourth month in a row.

[link to www.zerohedge.com]