Dallas Fed Hovers Near ‘Lehman’ Levels Despite Surge In Hope

Monday, February 29, 2016
By Paul Martin

by Tyler Durden

The diversified “we’re not just oil” economy continues to collapse. Missing expectations for the 17th month of the last 20, Dallas Fed printed -31.9, now in contraction for 14 straight months. While New Orders, Capacity Utilization, Inventories, Prices Paid, Prices Received, Wages, Employment, Hours Worked and CapEx all fell, but future expectations “hope” rose notably from -24.0 to -2.1 (but obviously still a negative expectation).

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