Fed's Beige Book: The story is modest improvement in all segments, with stronger results in New...


Fed's Beige Book: The story is modest improvement in all segments, with stronger results in New York, Richmond, Chicago, Minneapolis and KC. Consumer spending reports are positive; lending is stable. The service sector seems to be key in recovery activity. Manufacturing keeps expanding; hiring improved in most areas. The bad news: Housing is depressed and is weakening further in several districts.
Comments (4)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    bs
    1 Dec 2010, 02:16 PM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    It's Christmas time alright. Liquidity is low in FX and NYSE.
    1 Dec 2010, 02:19 PM Reply Like
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    Housing is depressed in most regions and wage pressure is contained in most regions. Where would the market be if there were no POMO?
    1 Dec 2010, 02:22 PM Reply Like
  • ezkappdo
    , contributor
    Comments (22) | Send Message
     
    Every human investor is waiting by the exits (gold, silver and other precious metals are still headed up), but the "machines" will still beat us out the door when the next grey swan lifts it wings to fly...PIIGS, China/Australia overheated or housing based collapse, domino the dependent emerging markets... whatever...on the other hand maybe this can go on through QE 2,3,4...
    1 Dec 2010, 10:49 PM Reply Like
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