Don't Fear the Beige Book


No news is good news, as a delicate recovery spreads through our struggling economy. With that in mind, we have some excellent news from the latest "Beige Book" survey from the Federal Reserve Bank.

No shockers, thank God. If you have a home on the market, there's little to scare potential purchasers that they don't already know. If you're looking to buy, there's nothing good enough to make the Fed raise interest rates when its policy-setting committee meets Dec. 15-16.

Instead, the economy "improved modestly" in late October and November.