Hi Jim,..Re:. The markets are responding positively...
Thanks for all your updates. The markets might be positive and improving because the economy is in good shape. Beige Book url and excerpts below. (anecdotal report)
bog.frb.fed.us
According to reports from business contacts in the twelve Federal
Reserve districts, most regions are showing solid economic growth
overall, despite mixed or weak results for individual sectors in some
areas.
Manufacturing
Many districts report mixed results in manufacturing. On the whole, Dallas notes continuing expansion, and Philadelphia and St. Louis indicate some recent pickup. By contrast, New York and Kansas City report overall declines, while Atlanta indicates that factory activity remains sluggish.
The Cleveland and Chicago reports cite strong production and expectations of continued strength in the motor vehicle industry. Respondents in Chicago, St. Louis, and San Francisco indicate positive trends in construction-related manufacturing; in Dallas this sector is flat, although orders for cement remain at a high level. Boston and San Francisco cite medical equipment as a bright spot.
Business Services
Districts reporting on the business services sector describe an
extremely tight labor market. Most districts also report both wage
increases and stable selling prices.
Regards,
Lee |
