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Dallas Fed Survey Crashes To June 2009 Lows, Warns “It Is Getting Ugly”

After a Q1 collapse, the Dallas Fed Manufacturing Outlook managed a bounce for a few months (though never got back above zero). It appears,┬áDallas Fed’s aptly-named ‘Dick’ Fischer was entirely wrong when he progonosticated that “on net, low oil prices are good for Texas.”┬áDecember’s Dallas Fed print crashed to -20.1 (from -4.9) massively missing expectations of -7.0 and back at …