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Beige Book Exclaims Modest, Moderate Economy And 'Strong' Housing - Full Beige Word Cloud Included
Moar 'm' words from the modest boring of backward-looking release - The Beige Book. Unable to say the word slow, it seems 'modest', 'mild', and 'moderate' are the adjective of choice. But there is a bright spot...
- *FED: BEIGE BOOK BASED ON INFORMATION GOTTEN ON OR BEFORE MAY 24
- *FED SAYS GROWTH WAS `MODEST TO MODERATE' ACROSS MOST OF U.S.
- *FED: HOUSING INCREASED AT `MODERATE TO STRONG PACE' ACROSS U.S.
and we know what is happening there now. So we assume this is the 'growth' that brings 'teper' chatter - hhmm.
The beige cloud:
And the entire book in all its boring glory:
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Pew Pew! .... what? I'm sorry, I wasn't paying attention to this bullshit any longer.
Moderate Economy and strong housing?
Well if thats the case, im going all in. Thanks The Bernake
BTFD! Don't let the terrorists win!
Im taking a 2nd on my house right now. Thanks for the advice!
Oh Yeah!!!!! The housing market is fucking flying dude!!!! Just ask anyone stupid enough to listen.
The Beige book LOL. Isn't the color of dried bullshit beige?
CODE BLUE!!
CODE BLUE!!
AAPL's about to fall out of the cart!
With zero-down I'll take 12....better make that a Baker's Dozen.
I read the full beige book. I swear I did.
It was a pallid read.
ori
Fade to beige ...
Beige Book today is detached from economic reality = Bullish.
FED Says that at $85b/month it is a bargain.
Nowhere NEAR bad enough to provide the POMO Brawndo that's what stawks really crave!
Reading that report is like reading 1984.
They just re released the report from a few months ago because no one can find Bernanke.
He's purchasing a bigger chopper for the up and coming 120 billion dollar monthly QE.
When all else fails, GO BIGGER!
well lets go back to the old fairy tale, that the market leads the real economy by 6 months, its not pricing in the 120 yet.
And the funniest headline eva from a couple hours ago from Yahoo Finance- 'DOW a sea of red....investors hope for clues in FED beige book'.
AHH HA HA HA HAAA!!
Don't taper me bro!
LOL...the bullshit is getting neck deep now.
they are once again having a bit of a malfunction in equities so lets just go ahead and freeze gold at 1400 and the 10yr at 2.10% until we can knock brent crude down.
I could see you in the chair next to the William Dudley yelling instructions to the army of monkeys pounding the keys at the NYFED.
the only instructions i would yell would be for them to jump out the window.
The fact that we are down over 200pts and the 10yr is pegged to 2.10 and not rallying only leads me to believe that shit is really going haywire in japan and people are being forced to dump treasuries.
treasuries should be rallying a hell of a lot more.
... unless rental houses are the new Treasuries.
Only your Realtor(tm) knows for sure.
Does it say in there if we are supposed to put our 15,000 hats back on, or leave them off?
Just put it on sideways until the end of the day.
Just talk through it like Bernank does.
leave if off for now ... usually the market gets ramped into 14:30 EST but not today ... probably a sign the BTFD'ers are gonna get raped today.
I dunno. Margin calls on yesterday's BTFD could bring her ripping back, along the PPT and the HFT Algo. I call -50 on the day.... or - 200, whichever is closer.
Where’s Cramer, HOUSE OF PAIN
15000 is a lot of hats.
As a father of three being pulled in all directions, I sometimes wear what feels like that many.
uhhhh....so QE will be unplugged???
Beige is the new black
So gas is now $4.00 at my local stations.
Summer demand right?
What fucking BS. Looking like 2008 all over again. Do I get to see the all time high of $4.38 taken out by July 4th?
I can remember the pump shutting off at $75, while filling up my "High Fuel Milage" sedan. Ah, those were the days. Of course, now they set them to shut off at $100.
What part of the country are you $4+ gas buyers in? Here in central Florida it is still $3.40ish. Seems like an unusually wide variance to me. Anyone know what's up with that?
IF ZERO HEDGE LOSES ITS EDGE, THE ONLY THING LEFT IS “ZERO”.
(Never mind the long enough timeline)
I’ve been here for quite a while as a member (before that, an observer) and I have a bone to pick…
The reason the Bernank has been crowned here Chairsatan is because of his involvement into every market imaginable, directly or indirectly, and it’s complete success in distorting those markets in favor of what the CB deems GOOD.
Right?
Had he not been successful he would have been nobody. The anger of folks here, with some losing their livelihood because of his actions is a testament to him achieving his goals.
Still with me?
If reflating the housing bubble (right or wrong) will give the ultimate “appearance” of total CB (and government) success for a while by pulling Joe Average from underwater, pushing others into equity position so they can use their houses as ATMs again, fixing the banks balance sheet and sending the whole country into economic euphoria (utopia)…
YOU REALLY THINK HIS GOING TO FAIL AT THAT NOW???
Doesn’t matter how much you hate the new normal… ZH was always about accurate depiction of the financial reality and the intricate elements at play. The constant drumbeat of housing collapse in recent ZH articles has me concerned… there is plenty of room for an enormous bounce before it all ends badly. Remember SPX. And if the bounces don’t count, there is no point in reading ZH as the destination in a “long enough timeline is zero”.
Rant off/
"there is plenty of room for an enormous bounce before it all ends badly"
Aren't we there already?
my area we are already on the downside of the bounce already..... by September we will be 10 degrees down bubble.
So far ,so good. Capt.Smith, RMS Titanic.
"you can ignore reality,bt you cannot ignore the consequences of ignoring reality".Will
be Ben's(and ours) epitath.
Sorry if the facts disturb you. Reality sucks.....deal with it, or go back to Minyanville for your sugar coated pablum and cartoon time.
OMG, Catch-22, you are thinking instead of just knee-jerk-posting your favorite snarky comment.
This kind of behavior could lead to learning things and making money (Well, not REAL money of course, but Bernanke-dollars are still working for the moment.)
Who let you out of the groupthink box? I see red arrows in your future, a veritable pincushion you will soon be.
Richard Fisher on BNN this morning....called himself a hawk no less than ten times...but when asked for the slightest detail on when or how much to taper bond purchases he was silent.
http://watch.bnn.ca/#clip940949
Richard "Dick" Fisher is a well known liar trying to play the "good cop" much like Bart Chilton does at the CFTC.
There are no FED hawks. That shit went out the window when QE started almost five years ago in Nov, 2008.
Good for Fisher. The FED is getting exactly what it wants without tapering and that's the whole idea. Jawboning is back and it's working for now.
This fall the FED can lower it's purchases to from 85 to $83 billion a month and say, "We're tapering!"
When the wave is bigger than you, ride it.
Otherwise it will drown you.
I guess some Zynga employees will miss out on this housing recovery:
SAN FRANCISCO -- Beleaguered game maker Zynga zapped 520 jobs today in a deep cost-cutting move that increases questions about its future.
The company, based here, said it will lay off 18% of its workforce worldwide and shutter offices. Zynga declined to say where but sources, who asked not to be identified, said the locations are in Los Angeles, Dallas and New York. Zynga says the move, which should be completed by August, will save it $70 million to $80 million.
http://www.usatoday.com/story/tech/gaming/2013/06/03/zynga-layoffs-mark-...
At least it's the 'Summer of Recovery'...helps soften the Blow.
6 Trillion since Obama and 17 Trillion total and there is "moderate growth" at best? This is nuts!
http://www.ritholtz.com/blog/2012/08/understanding-price-dispersions/
"44% of Homeowners With a
Mortgage Can't Sell"
Shanthi Bharatwaj, Zillow, 5/24/2013
http://www.thestreet.com/story/11933280/1/44-of-homeowners-with-a-mortgage-cant-sell-zillow.html?cm_ven=RSSFeed
"Underwater homeowners
find they've become
accidental landlords"
Diana Olick cnbc.com, May 24, 2013
http://www.nbcnews.com/business/underwater-homeowners-find-theyve-become-accidental-landlords-6C10064290
http://pages.citebite.com/c1e7w0g5t0rar
http://www.truthdig.com/eartotheground/item/the_housing_shell_game_20130503/
http://www.zerohedge.com/news/2013-05-21/goldman-confirms-recovery-hopes-have-gone-slowdown-deepens
http://www.businessinsider.com/keith-jurow-us-housing-recovery-mirage-2013-4?page=1
http://pages.citebite.com/v1i5c9f0h7akf
http://finance.yahoo.com/blogs/daily-ticker/housing-bubble-2-0-david-stockman-133026817.html
http://www.cnbc.com/id/100435276
http://www.banks.com/articles/foreclosure-starts-surge-32-states
(I think this and the mortgage release program
http://goo.gl/kb1XL
will actually start to hammer on the r.e. market.)
http://www.zerohedge.com/news/2013-05-28/keeping-recovery-dream-alive-3-big-banks-halt-foreclosures-may
http://www.zerohedge.com/news/2013-04-10/housing-recovery-shifts-contraction#comment-3433151
http://www.rickackerman.com/2013/03/real-estate-bounce-setting-up-a-second-crash/
http://www.zerohedge.com/news/2013-05-22/mortgage-applications-have-biggest-may-collapse-financial-crisis
http://www.zerohedge.com/news/2013-05-21/housing-unrecovery-here-lumber-enters-bear-market
Banks Squeeze Market Supply
Further To Juice Prices
Fountain Valley News By Way Of
ochousingnews.com, 5/31/2013
http://ochousingnews.com/news/banks-squeeze-market-supply-further-to-juice-prices
Mortgage Apps Plunge
Fastest Since 2009
http://www.zerohedge.com/news/2013-05-29/cash-and-tarry-mortgage-applica...
Big Investors Split;
Suckers Take Over
Both ZeroHedge, 5/29/2013
http://www.zerohedge.com/news/2013-05-29/meanwhile-big-investors-quietly-slip-out-back-door-housing-stupid-money-jumps
Keeping The 'Recovery'
Dream Alive; 3 Big Banks Halt
Foreclosures In May
Zerohedge, 5/28/2013
http://www.zerohedge.com/news/2013-05-28/keeping-recovery-dream-alive-3-big-banks-halt-foreclosures-may
http://www.businessinsider.com/keith-jurow-us-housing-recovery-mirage-2013-4
Market Controlled Insecticide
Related Fructose Foundational
GMO's Have An Implicit
Monopolistic Value Chain Box,
The Health Cartel A Stipulated
One, And The TBTF Banks An
Infinite One.
Its all good. 3% corrections are healthy