Headlines from Feds Beige Book
- SIGNIFICANT PICKUP NOT EXPECTED UNTIL LATE ’09, 2010
- ECONOMY DETERIORATED FURTHER IN FEBRUARY, FED SAYS
- SPENDING `VERY WEAK’ EXCEPT FOR FOOD, DRUGS
- COMMERCIAL REAL ESTATE `WEAKENED SIGNIFICANTLY’
- LITTLE OR NO SIGN OF SLOWING IN HOUSE-PRICE SLIDE
- BOOK SAYS ECONOMIC DETERIORATION `BROAD BASED’
- RESIDENTIAL REAL-ESTATE MARKETS `STAGNANT’
- CITES `PRONOUNCED DECLINES’ IN MANUFACTURING
- BUSINESS-LOAN DEMAND DOWN, CREDIT `REMAINED TIGHT’
- HOSPITALS SEEING LESS DEMAND FOR SERVICES AS PEOPLE ELECT NOT TO HAVE ELECTIVE SURGERY
- DISMAL HOLIDAY SALES. SOME PICKUP IN JAN/FED
- SLIGHT DETERIORATION IN CREDIT QUALITY FOR CONSUMERS/BUSINESSES
The recovery is being pushed out to lat 2009/2010. The report should hurt the dollar.




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