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The Chicago Fed National Activity Index or CFNAI slipped .22 to -.27 in November as the 3-month moving average improved slightly to -.14. This index covers some 80% of the economy and continues to show weak economic activity as it has done for quite some time now, just like the GDP figures.

Personal Income was unchanged in November snapping a string of 8 consecutive monthly gains on weakness in earned income and transfer payments aka various social assistance programs such as Food Stamps or SNAP as it is now known, disability and unemployment benefits.

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