Tuesday, October 6, 2020

Good Economic Analysis - From the Federal Reserve I

 I read alot of economic data.  It comes from magazines I subscribe to, the federal government, banks, etc.  The list goes on.  

Frankly, we have an abundance of economic data to read.  What is often lacking is analysis.  One of my favorite sources is the Federal Reserve. And one of my favorite publications is the Beige Book. That is the common reference.  The full name is Summary of Commentary on Current Economic Conditions by Federal Reserve District.  I prefer the Beige Book.

This publication comes out eight times a year. It is packed with anecdotes and analysis.  It starts with a brief national overview and summary of every region. Next, each region is discussed in great detail. Now do not ask me about the regions, I too question the methodology. (you might too after seeing the regions)

That should not detract from the value of the report. It is an easy read. Consider each one like this. You just listened to a detailed economic data presentation by an esteemed economist.  If you are like me, you might be scratching your head and asking what does it all mean. The Beige Book is the response. A quick read about economic conditions across the United States by region.  It is easily understood and you do not doubt the sources or the analysis.  A truly valuable and unique publication.

If you doubt my word, read the intro on the website.  

Link:  https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm


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