Thursday, November 15, 2012

It's The Economy Stupid: Philly Fed Business Outlook

The Philadelphia Fed Business Outlook Survey for November dropped -10.7, far worse than a Bloomberg survey of economists’ estimates which came in at +2.0.  The Philly Fed survey in October was +5.7.  It’s kind of hard to determine how much of this can be attributed to SuperStorm Sandy and how much can be attributed to the fiscal cliff.  It definitely is not a good number.





John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury


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