Un-Recovery Continues As Beige Book Lives Up To Its Name

Tyler Durden's picture


In its somewhat typical fashion, the Beige Book was dominated by the four 'M' words 'mixed', 'moderate', 'measured', and 'modest' as any weakness was blamed on fiscal cliff uncertainty (even though macro data and the market itself seems to have shrugged all of that silliness off rather dismissively). Employment conditions were little changed, Real Estate prices rose in 11 districts,and energy sector activity was mixed:


Unleash the anecdotal spin...

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Wed, 01/16/2013 - 15:12 | 3158943 DrDinkus
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Wed, 01/16/2013 - 15:13 | 3158949 koder
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Sums up my day too...

Wed, 01/16/2013 - 15:24 | 3159005 Zer0head
Zer0head's picture

uhuh boredom

and how long have you both been feeling this way?

do either of you spend time on the internet visiting blogs?

ahh yes zerohedge and any other blogs or websites?

have you ever looked at porn?

very interesting, now  I am required to ask you the following question and I must caution you  that if you do not answer it honestly or if I think that you are not being honest in your answer either way I am required by the ACA to include that information in your profile.

have either of  you ever owned or had in your posession a firearm of any type?

Wed, 01/16/2013 - 15:30 | 3159053 koder
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lost em in a boating accident truth be told....

Wed, 01/16/2013 - 15:51 | 3159170 Zer0head
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thanks Mr. Koder duly noted, I don't think there should be any problem but in some circumstances they will dipatch officers just to make sure. Now about this boredom issue, I'm going to prescribe something that may assist and I also encourage you to spend a little less time in cyber space.  Let's schedule an appointment for September but in the meantime we're going to put a 'temporary' note on your ACA-dhs profile, which means that you won't be able purchase or have pocession of any class a,b or c firearm or amunition. In addition because of your depression you will be required to undergo a full assessment prior to the temporary note being 'removed'.  Have a nice day.  



Wed, 01/16/2013 - 15:17 | 3158982 Kaiser Sousa
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well if u guys want some real excitement,

just go over and watch the Gold and Silver phony paper price trading sideways ALL DAY LONG in spite of Central Banks and the sociopaths who run them scrambling to get their shit back from The Creature From Jeckyl Island....

know thats some entertaining shit.............. 

Wed, 01/16/2013 - 15:25 | 3159034 Temporalist
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How about the Swiss Franc?  When they pegged to the Euro remember the price of gold plunged (which makes perfect sense of course):

Euro rises against the Swiss franc

"But the move in the franc was sufficient to revive speculation that the Swiss National Bank could take further steps to weaken its currency."


Wed, 01/16/2013 - 15:25 | 3159026 Albertarocks
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You're bored?  Then take a second to admire this here awesome pumpkin' patch:


Wed, 01/16/2013 - 15:37 | 3159087 Snakeeyes
Wed, 01/16/2013 - 15:13 | 3158959 Temporalist
Temporalist's picture

Mandates?  That is just tradition.

Wed, 01/16/2013 - 15:15 | 3158969 The Proletariat
The Proletariat's picture

I just took a modest Ben and wiped my moderated Shalom Bernanke

Wed, 01/16/2013 - 15:15 | 3158971 Joe Davola
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Wed, 01/16/2013 - 15:16 | 3158979 Caracalla
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I finally figured out the perfect investment; that is guaranteed never to loose money.  SHORT THE VIX!

Wed, 01/16/2013 - 15:20 | 3159004 Shizzmoney
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If I were the President, I'd short the VIX, let the Debt Ceiling hit, go into default, and let that cash rollllllllllllllllllllllllllllllllllllllll on in!

Wed, 01/16/2013 - 15:17 | 3158983 AccreditedEYE
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Wait a second, I forget.. is bad news good or bad? Ahh, F it, I'm going to buy the dip.

Wed, 01/16/2013 - 15:18 | 3158993 LongSoupLine
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Eat shit and die Bernanke.

Wed, 01/16/2013 - 15:19 | 3159000 Cursive
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I'm for a more "measured" or "moderate" or "modest" QE.  Preferrably, no QE.

Wed, 01/16/2013 - 15:31 | 3159058 Flakmeister
Flakmeister's picture

Beige... Beige... I think I'll paint the ceiling beige....

Wed, 01/16/2013 - 15:40 | 3159115 PAWNMAN
PAWNMAN's picture

I have absolutely ZERO faith in any government produced numbers anymore. The fix was put in many years ago. You have to believe only what you see happening, blatently, with your own eyes.

Wed, 01/16/2013 - 15:44 | 3159134 TrustWho
TrustWho's picture

Get out of Eric Rosengren's way, He has the solution to this modest economy to make it ROBUST. EXPAND QE NOW!

The Fed is the source of all economic strength as they are the PhD messiahs that grace us peons with their wisdom.

FU Bernanke and Board!!!!!!!!!!!!!!!!!!!

Wed, 01/16/2013 - 16:03 | 3159239 Caracalla
Caracalla's picture

Made a mistake today...shoulda kept my TZA and TLT and not BTFD.  THe S&P is stalled at resistance and doesn't look like it has the strength to punch through.

Wed, 01/16/2013 - 16:06 | 3159258 Clowns on Acid
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Well if the trends are unchanged....then that means we haven't printed enough right Uncle Ben ?
Has to be bullish for stocks right Uncle Ben ?

Wed, 01/16/2013 - 16:21 | 3159334 StoleYourMoney
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Sandy is the only reason why the recession isn't obvious.

Wed, 01/16/2013 - 16:57 | 3159518 rsnoble
rsnoble's picture

So as we all expected there is no recovery.  The only thing that's been done is halting the crash.  The gravity of that future event will fuck every growth prospect until it happens.

Thu, 01/17/2013 - 09:46 | 3161813 madcows
madcows's picture

Correct.  There is no recovery, only massive liquidity inflating the markets.  Fear not though, Gravity will win in the end.

Thu, 01/17/2013 - 02:23 | 3161379 Blythes Master
Blythes Master's picture

Malarkey...madness...mumbo jombo.....muddy waters.

Thu, 01/17/2013 - 09:55 | 3161850 AlphaHunter001
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Not sure what this post is about since the beige book was accurate, there was nether an acceralation or deceleration in growth or employment, steady and moderate growth

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