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After the Bell - In Line is Not the Same as Fine
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Wholesale inflation matched consensus exactly. Stocks fell for a fourth straight session anyway. The headline number was fine. What was hiding underneath it — an accelerating annual rate, an upward revision to last month, and diesel prices up 24% in a single month — was not.
WHAT'S IN THIS EPISODE
On This Date in History — September 10, 2008: Lehman Brothers' last earnings report, built on capital ratios and a liquidity pool that looked considerably stronger than the firm actually was…
The skinny
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