Wednesday, September 9, 2009

Hey at least dat guy over dere is cautiously optimistic

Fed's beige book

Five of 12 districts banks noted “signs of improvement”.
- Loan demand was “weak”.
- Demand for commercial real estate was “weak”.
- Banks said contacts were “cautiously optimistic”.
- Labor markets were weak in all 12 districts.
- House prices indicated “downward pressures”.
- Retail prices were steady in most districts.
- Construction “remained at low levels”. (BBG)

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