Douglas Sams in the Gwinnett Daily Post reports that the economy in the South has recovered from the season’s devastating hurricanes:
In its report, commonly known as the Beige Book, the Federal Reserve said the economy is rebounding from the slowdown caused by hurricanes Katrina and Rita and that retailers improved their forecasts from earlier outlooks made in the aftermath of the storms.
Manufacturing also picked up as post-hurricane demand boosted production in several industries, according to the Fed.
Read the entire Fed Report here.
This can’t be good news for Bobby Kahn.