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Mixed Beige Book Lives Up To Its Name

Tyler Durden's picture





 

Stocks popped on some bloomberg flashing red headlines from the Fed's Beige Book but quickly faded as bonds did not move. The reality - summed up in the worldcloud - is 'mixed' - for sales, for prices, for demand, for jobs.

  • *FED DISTRICT BANKS SAID `CREDIT STANDARDS WERE LITTLE CHANGED'
  • *FED DISTRICT BANKS SAID MANUFACTURING WAS `SOMEWHAT IMPROVED'
  • *FED DISTRICTS SAID `OVERALL LOAN DEMAND INCREASED SLIGHTLY'
  • *MOST FED BANKS SAID `WAGE PRESSURES REMAINED MODEST'
  • *FED BANKS SAID `EMPLOYMENT CONDITIONS WERE LITTLE CHANGED'
  • *FED DISTRICTS SAID CONSUMER SPENDING WAS `FLAT TO UP SLIGHTLY'

 

The summary:

 

 


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Wed, 10/10/2012 - 14:14 | Link to Comment ebworthen
ebworthen's picture

QE in perpetutiy.

"Mixed" and "Beige" is another way of saying "The FED will continue to prop the banks and Wall Street while punishing savers and the middle class, in perpetuity."

Wed, 10/10/2012 - 14:20 | Link to Comment knukles
knukles's picture

Whew!  That's a relief all right that everything's all right, right?

 

(wondering if all I needs more Vaseline or some amyl nitrite on the side)

Wed, 10/10/2012 - 14:29 | Link to Comment nope-1004
nope-1004's picture

 

 

  • *FED THUSLY SUMMARIZES: QE `UTTERLY' USELESS 

 

Wed, 10/10/2012 - 14:15 | Link to Comment fuu
fuu's picture

Wordle rocks.

Wed, 10/10/2012 - 14:16 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Bullish-ish.

Wed, 10/10/2012 - 14:17 | Link to Comment Meesohaawnee
Meesohaawnee's picture

Fed says QE3 is about jobs

and you believe that one to?

Wed, 10/10/2012 - 14:18 | Link to Comment Dr. Engali
Dr. Engali's picture

They for got to mention the fed stands ready for additional easing....just to keep the markets elevated.

Wed, 10/10/2012 - 14:19 | Link to Comment BeetleBailey
BeetleBailey's picture

I'm waiting for the Fed's Taupe Book...follwed by the Mauve Book...as it stands now, they are hiding the BLOODY FUCKING DEEP IN THE RED BOOK.

Wed, 10/10/2012 - 14:23 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"The reality - summed up in the worldcloud - is 'mixed' - for sales, for prices, for demand, for jobs."

Yes! But will it blend?

<Watch out folks, the mother of all (market) blenders is coming round the bend.>

Wed, 10/10/2012 - 14:32 | Link to Comment risk-reward
risk-reward's picture

Lipstick on a pig..........

Wed, 10/10/2012 - 14:33 | Link to Comment youngman
youngman's picture

These colors work well in a Sante Fe style home...Beigey

Wed, 10/10/2012 - 14:39 | Link to Comment Meesohaawnee
Meesohaawnee's picture

is this a deer in the headlights day?? oh please please..

Wed, 10/10/2012 - 14:49 | Link to Comment Cursive
Cursive's picture

The biggest measurement bias that no one talks about is that most data are measured in dollars.  Imagine how much of flat to increased consumer spending is a result of inflated prices.  I didn't see "inflation" in the word cloud.

Wed, 10/10/2012 - 15:41 | Link to Comment Nobody For President
Nobody For President's picture

Well, the market has been pretty beige-y this month, range-bound, drifty, this week on a slow, slow melt down of unspectacular proportions. It kind of feels like everybody is waiting for SOMEthing either really good or really bad to happen to move this turkey. I ain't complaining, I'm staying in the green of my trades, but there is no real *direction* = beige as hell.  It seems like it wouldn't take much to tank the whole works a lot - assination of one political or economic figure in the western world comes to mind, or one more 'rouge' trader that loses big time, or just about 'whatever'.

What ARE we waiting for?

Wed, 10/10/2012 - 19:37 | Link to Comment poor fella
poor fella's picture

RE: What ARE we waiting for?

 

TIME ...... ....  ...  ..  .  .  . 

With polarization and infighting, time is all it will take. The world has issues: Limited resources, the ultimate squeeze UP as economic inequality increases, and the lack of political representation of average people globally. The issues are damn near insurmountable WITH EXCELLENT COMMUNICATION. Where are we today? Finance pays Politics and gets exactly what it wants (and needs for the status quo to survive).

 People will get through, but there are many people that don't have much more time to spare. 'Markets' will move too slow for an umbrella recovery but politicans have no patience or long term vision to move in the right directlon. "The Quick and the Temp"will be the policies. So like you said, EVERYONE is waiting...   for what?   time that we DO NOT have. 

Tick Tock said the Harlequin.

Wed, 10/10/2012 - 18:46 | Link to Comment PC Load Letter
PC Load Letter's picture

*FED DISTRICTS SAID CONSUMER SPENDING WAS `FLAT TO UP SLIGHTLY'

Gee ya think? Who would have thought paying twice as much for a gallon of gas and food would lead to a slight spending increase

Wed, 10/10/2012 - 19:39 | Link to Comment Mentaliusanything
Mentaliusanything's picture

The Thing should be renamed " The Grave Yard Report"

Dead things move very little but they do "move"

Thu, 10/11/2012 - 00:15 | Link to Comment mkhs
mkhs's picture

 *FED BANKS SAID `EMPLOYMENT CONDITIONS WERE LITTLE CHANGED'

 

I guess the Fed didn't get to read the BLS report.

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