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Bonus points to whomever can name the late 70s film from which this picture comes. No cheating. Holy crap, I was so busy ROFLMAOing over the Goldman Sachs lawyer busted in a “To Catch a Predator”-type undercover sting story earlier that I forgot today was Fed Beige Book day. Go figure, just a tiny bit distracted these days. (speaking of which, I’ve got some big news to share any day now that you might want to stay tuned for and no, I wasn’t offered a job as head of PR for the Fed) Anyway,

The Current Economic Conditions, aka The Beige Book , is a Federal Reserve report published 8X/year. Each Fed District gathers anecdotal information on current economic conditions in each District and reports back to the Fed. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis. Current findings are that the “Pace of Economic Decline” is slowing. Excerpts:

Why It May Be A Great Time To Buy a Home in St. Louis First Time Home Buyers in St. Louis, St. Louis County, St. Charles Missouri and the surrounding areas are experiencing an opportunity not seen in these parts for well over a decade, and all because of HUD and FHA mortgage financing. Interest rates are still very low on a FHA 30 year fixed rate mortgage and getting qualified for a FHA Mortgage is still fairly easy. Because interest rates are still very low and house prices have fallen wit

“Goodbye safe havens, hello risky assets” seemed to be the theme during the past week as investors placed their bets on a global economic recovery, propelling stocks and other risky assets higher amid better-than-expected earnings reports and tentative signs of stabilization in the US job and housing markets. Source: Jerry Holbert, Comics.com , July 23, 2009. Not only did the Dow Jones Industrial Index on Thursday breach 9,000 for the first time since January and the Nasdaq Composite

“Goodbye safe havens, hello risky assets” seemed to be the theme during the past week as investors placed their bets on a global economic recovery, propelling stocks and other risky assets higher amid better-than-expected earnings reports and tentative signs of stabilization in the US job and housing markets. 26-07-09-01 Source: Jerry Holbert, Comics.com, July 23, 2009. Not only did the Dow Jones Industrial Index on Thursday breach 9,000 for the first time since January and the Nasdaq Comp

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