Beige Book Reveals Economy In Far Worse Shape Than White House Claims

Beige Book Reveals Economy In Far Worse Shape Than White House Claims There was something odd about the latest Beige book (which was prepared based on information collected on or before April 8, 2024, so before the latest CPI print): if accurate, it would suggest that the rosy economic picture painted by the White House is woefully incorrect, whether on purpose or not (spoiler alert: it is on purpose). Reading the Beige Book, we find that contrary to the official GDP print which claims the economy is cruising at a...