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Philly fed numbers from yesterday

Posted on December 21, 2007 @ 12:44 pm (Friday) by WARREN MOSLER

2007-12-21 Philly Fed Bus Outlook Index

The detail is of interest – no sign of weakness here.

Prices still very firm.

New orders and shipments strong.

Work week higher.

Inventories down due to shipments up – seems to have caused all the headline ‘weakness’.


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