Thursday, May 19, 2011

Bring Out QE3: Philly Fed Plummets: Prints At 3.9 On Expectations Of

When Margaret Brennan, Bloomberg's anchor, first announced the Philly diffusion index for May, she mistakenly read it as 39, a surprisingly sharp increase from April's 18.5 number.  The actual number was 3.9, so shockingly low that she missed the decimal point.

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