The Beige Book and the State of the Economy

[Update for June 2010 Beige Book] Economic activity continued to improve since the last report across all twelve Federal Reserve Districts, although many Districts described the pace of growth as “modest.” Consumer spending and tourism activity generally increased. Business spending also rose, on net, with …

Read More

Here we go again – Financial Crisis, chapter 13

The financial media are again harbingers of more doom and gloom today, citing a Barron’s article and host of so called “experts” predicting that the financial crisis is not only far from over but could actually get much worse, bringing more big shocks to the …

Read More

Oil’s temporary respite

As oil drops below $100, the sense of relief is palpable for most consumers as they see sub $4 gas at he pump. Media headlines have also done an abrupt about turn, with headlines changing from “When will crude hit $200…” to “How fast can …

Read More