Today's Economic Data Docket - New Home Sales, Richmond Fed, $95 Billion In Debt Issued

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Tue, 08/23/2011 - 08:13 | 1589537 maxmad
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Lavorgna and Shirley at it again!

Tue, 08/23/2011 - 08:27 | 1589539 DormRoom
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Here's a good article on how the Philly Index is highly correlated with the S&P, and not economic activity. 

 

http://www.ritholtz.com/blog/2011/08/the-fear-of-self-fulfilling-prophec...

 

It'll be interesting to see if the Richmond Survey is also highly correlated with the S&P.  If so, it may be a brutal read.

Tue, 08/23/2011 - 08:26 | 1589559 SheepDog-One
SheepDog-One's picture

I'd love for Joey Bagodonuts to miss by a country mile, Im sick of all these professional crystal ball gazers with terrible track records. 

Tue, 08/23/2011 - 09:33 | 1589794 disabledvet
disabledvet's picture

Oops. I wrote my check out for 95 gazillion not billion. NO PROB! There we go...fixed it! It's all good.

Tue, 08/23/2011 - 10:03 | 1590028 Gibu The Great
Gibu The Great's picture

Richmond Fed at -10.  Nice job, LaVorgna. 

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