The Federal Reserve was out with its eight-times-a-year regional look at the American economy on Wednesday. Sure, fine, call me a dork if you will — but I do love me some Beige Book.
The Wall Street Journal’s Real Time Economics blog read it so we don’t have to. The choicest nuggets…
- First of all, the weather in the Northeast: restaurant revenues in the Boston area were down 30 to 40 percent with all that snow on the ground.
- Apparently, it’s been raining a lot in Mississippi and Alabama: really wet ground there means farmers are behind on their corn planting. They might switch ’em over to soybeans, in fact.
- And, from the “yes, it is a tech bubble” category: backlogs for architectural companies in San Francisco are the biggest they’ve been since the recession.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?