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Lavorgna and Shirley at it again!
Here's a good article on how the Philly Index is highly correlated with the S&P, and not economic activity.
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.
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.
Oops. I wrote my check out for 95 gazillion not billion. NO PROB! There we go...fixed it! It's all good.
Richmond Fed at -10. Nice job, LaVorgna.
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