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Amid Mixed Economic Signals, One Reason for Optimism
We like to keep our eye on corporate earnings reports for a simple reason: Earnings results can influence a company’s decision on hiring or firing, which impacts spending and the economy. So during a winter where we’ve noted that economic growth is somewhat fragile, we are looking for signs of softness in earnings reports, which could be a sign of further problems to come. This morning, our senior research fellow Bob Hughes said he’s been somewhat reassured by what he’s seen so far.
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