Hello fellow Rebel capitals hope you're well. So the beige book is out the Fed's secret mysterious report and it's saying right now there are a lot of areas in the United States that are experiencing an economic contraction.

In other words, recession.

So let's get over to what the beige book is saying.

And then also let's look at some data regarding the jobs market. The initial claims came out today and especially when it's not

seasonally adjusted, it spiked a lot higher, which would be consistent with what we are seeing in the feds

beige book who I don't know why they have to do all these why did they is

call it a employment or an economic report or something like that they have to make it sound like it's from scooby-Doo or something or CSI

all right let's shoot over to where are we here?

Zero Hedge, yes, that's...

Oh, we got to do a screen share.

Okay, there we go.

Now we're over to Zero Hedge.

Five out of 12 Fed districts show flat or declining economic growth. so economic contraction.

Now this specific article,

N Zero Hedge, is by Mike Shedlock,

so shout out to Mike Shedlock at meesh talk.

So first he says let's tune into the Fed's

Bage book summary of economic activity

and the 12 Federal Reserve districts.

All right, let's just zoom in on this chart and we can kind of get the gist of what's going on.

There we go.

So you can see with this beige book, the Fed gets reports, the New York Fed, you know, Drone Powell gets reports

...