ZIONS CAPITAL MARKETS is pleased to present the Thredgold Economic Associates Tea Leaf Newsletter. The Tea Leaf is a weekly two-page economic, political and financial update newsletter published by Thredgold Economic Associates, LLC. It is reproduced here for the benefit of Zions Bank clients interested in information regarding economic and securities market trends. The views and opinions expressed in the newsletter are not necessarily those of Zions Bancorporation.

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