Thursday, September 4, 2008

Boston Economy Hits Bottom - Fed Beige Book : Boston District

As I have mentioned in prevous posts, Boston is bottoming out. Evidence form the beige book further lend some ammunition. --retailer sales are increasing, tourism suprisingly good --software and info technology servcies report flat ot favorable resutls --manfucturing figure flat to down --real estate markets remain slow, flat to favorable M-o-M --commercial real estate : flat. boston is more driven by office, multi-family --near-term outlook is more of the same or futher slowing

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