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Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to subscribe.

"... Since the Fed’s forecasts on growth and inflation have been wrong 70% of the time since Bernanke’s reign, why isn’t it normal to assume that the Fed will be wrong on US growth by another 25-45% for the next year like they were this year on #Deflation?"

CHART OF THE DAY: Is The Fed's Credibility Crashing? - 12.03.15 EL chart