<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener('load', function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <div id="navbar-iframe-container"></div> <script type="text/javascript" src="https://apis.google.com/js/plusone.js"></script> <script type="text/javascript"> gapi.load("gapi.iframes:gapi.iframes.style.bubble", function() { if (gapi.iframes && gapi.iframes.getContext) { gapi.iframes.getContext().openChild({ url: 'https://www.blogger.com/navbar.g?targetBlogID\x3d5529474\x26blogName\x3dDimmy+Karras\x26publishMode\x3dPUBLISH_MODE_BLOGSPOT\x26navbarType\x3dSILVER\x26layoutType\x3dCLASSIC\x26searchRoot\x3dhttp://dimmykarras.blogspot.com/search\x26blogLocale\x3den_US\x26v\x3d2\x26homepageUrl\x3dhttp://dimmykarras.blogspot.com/\x26vt\x3d2234159095245132931', where: document.getElementById("navbar-iframe-container"), id: "navbar-iframe" }); } }); </script>

Wednesday, October 15, 2003

Good News from the Fed

The new Fed Beige Book released today by the regional Federal Reserve banks paints a positive picture of the national economy. Still the stock markets are down slightly as of this writing. I bet they tick up in the next 30 minutes.

As I read the report, I see that one of the major negatives in the economy persists despite the other good news: "Manufacturing employment exhibited modest gains in some districts, but in most was stable or declining."