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But... Joe Lavorgna Said...

Wondering why once again everything is crashing? Here is all you need to know:

“We’ve got the proverbial 800-pound gorilla -- the consumer,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York. “Households are more fixated on the good news here, and a big part of that is the labor market. The U.S. is going to be pretty immune to the rest of the world.”

Confused? See Groundhog Phil vs. Joe LaVorgna Prediction Success Rate

Source: Bloomberg