Throughout the fall we often referenced the Federal Reserve's Beige Book during the various strategic planning sessions in which we participated. The Beige Book is a report published by the Federal Reserve Board that provides perspective on current economic conditions in each of the twelve Federal Reserve districts. It is usually updated eight times a year.
The latest update was recently posted and is available on the Federal Reserve's website at:
http://www.federalreserve.gov/FOMC/BeigeBook/2008/20081203/default.htm
As you might expect, the report is not all that rosy. In any case, if you haven't read the latest, or were not aware of the availability of the report, it is a good resource to use in the consideration of market strategies.
