a negative print if it happened would really guarantee much more QE in a big way

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a negative print if it happened would really guarantee much more QE in a big way

posted on Jul 19, 2012 03:19PM

Did The Philly Fed Just Signal The End Of Obama's 'Jobs' Recovery?

Submitted by Tyler Durden on 07/19/2012 - 13:55 Philly Fed recovery

Hidden under the covers of this morning's already dismal headline print in the Philly Fed data was a considerably worse than expected employment sub-index. Historically this has correlated highly with the non-farm payroll print and suggests (albeit correlation is not causation but gathering real evidence of a slowdown is) that we are heading for a negative print in the next employment

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