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Thursday, June 2, 2011
ADP?s Job Data Reliability? Not Great . . .
> Yesterday’s selloff was triggered in part by a weak ADP report, and fears of a broader economic slowdown. Lets see if we can navigate the crosscurrents here to discern what, if anything, is happening. First off, the economy is slowing. At least, the 2nd derivative rate of growth is throttling back, from over 3% [...]
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