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Latest US Economy Report: "Weak, Soft, Subdued"


Business  (tags: US economy, job market, business, shopping, spending, economic forecast, Federal Reserve )

RC
- 2374 days ago - nytimes.com
In the latest "beige report" issued by the Federal Reserve, businesses report that rising prices and and a greatly diminished job market are affecting orders, sales and the shopping habits of US consumers. Read all about it.



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Comments

RC deWinter (418)
Thursday September 4, 2008, 3:45 am
Hey - I don't know many people with much, if any, discretionary income - do you? People cutting back on spending what they don't have to spend is hitting all business sectors as the effects of our miserable economy ripple outward.
 

Joycey B. (750)
Thursday September 4, 2008, 5:21 am
It gets worse everyday. I don't know what people are going to do. Thanks Cate.
 

Mary H. (47)
Thursday September 4, 2008, 6:39 am
Oh, so they are finally admitting there is a problem??
 

Stephen Hannon (203)
Thursday September 4, 2008, 6:44 am
Noted, thanks Cate. I know all about this economy. Everytime I go to the supermarket I cringe because I know the prices are going to be higher this week than last. And with the colder weather on its way I don't dare look at my energy bill. My summer bills were 50% higher than last years. So I know I'm going to be hurting this winter. Big energy never dips into their profits, but passes them down to us. This should be illegal but it isn't.
 

. (0)
Thursday September 4, 2008, 7:10 am
Many economists are calling for a 400% Hyper-Inflationary period by 2010, which could lead to a Global Depression. They also warn about FDIC guarantees, and what good is protected money if it's locked up for an indefinite period of time? How about Gold? During the last Great Depression Gold transactions were outlawed, and people with Gold could not buy or sell, except illegally! At least with a wheelbarrow full of cash in hand, it can be traded for emergency 'script' money to buy food. It has been estimated there is a one in five chance of this going to the extreme situation!
 

Jim Phillips (3202)
Thursday September 4, 2008, 11:02 am
What is the veracity of this story...

Let me see: The "Beige Book" - It is put out by the commerce department, and other federal agencies with culled notes, from various sources, by the federal government. And who quantifies the reports from the many sources, businesses, into the "Beige Book"... the Feds or is it The neo-cons...

There was a report that the FDIC was looking into borrowing money from the Federal Reserve. Prior to that story, about a month earlier, was a full-page ad by the FDIC stating that your money was safe in the banks.

All of the above makes me think "something's afoot"...

TY, Regina.

 

Terrie Williams (777)
Thursday September 4, 2008, 11:32 am
Um, what is 'discretionary'??????? Um, what is 'income'??? Oh wait, that's that piece of paper that shows me what they dole out to me and what is not really there anyway because the bills ate it up, right? I thought so. Sorry for being fascetious, but, I plan on being in a very bad mood for the next 2 months to 4 years. :) The sky is falling and the dodo birds in DC are ignoring it. Typical.
 

Marion Y. (322)
Thursday September 4, 2008, 1:05 pm
We're getting a break until after the elections, hoping voters will be fooled into thinking the economy is improving. Not! Sometime in late November or December, expect gas, food and everything else to start skyrocketing.

Grow a garden of vegetables, exchange with neighbors, reduce, recycle, refuse, readjust, remove and do everything possible to be independent of the system.
 

Pete Conrads (91)
Thursday September 4, 2008, 9:20 pm
Thanks Regina
 

Past Member (0)
Thursday September 4, 2008, 10:05 pm
Very Good news about U.S.A.
 

CHRISTIAN RYAN (11)
Friday September 5, 2008, 2:39 am
THAT IS WHY I KEEP NO CASH IN ANY BANK OR CREDIT UNION CASH ONLY CAUSE WHEN THEY RUN ON THESE BANKS YOU AND SPOUSE TOGETHER HAVE TO SHARE THE 100000 INSURED ANOR EACH GET THAT PLUS I DONT WANT ACCESS TO MY MONEY BLOCKED AND THE TIME WILL COME IN FACT ITS BEEN HAPPENING TO THE 3RD LARGEST BANK IN US ALREADY THEY SHUT THE DOORS ON PEOPLE IN CA. CHRIS
 

Deborah Hooper (59)
Friday September 5, 2008, 9:07 am
Can you say "UNDERSTATEMENT"?
 

Rob S. (112)
Friday September 5, 2008, 5:34 pm
Noted Cate,thanx
 
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