Experienced investors know that even the most-sobering economic reports can contain 'gems' or small-but-significant, positive data points. The U.S. Federal Reserve's latest Beige Book report on the economy is a classic example. The Fed confirmed that the U.S. economic recovery had slowed in the second quarter, with regions reporting uneven levels of growth.
The gem? The recovery, although in low gear, nevertheless remains fast enough for commercial borrowers to service their debt, and this is helping to stabilize the commercial debt market.
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