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Letter "S" » Steven Wood Quotes
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«Slower output and employment growth is dampening real income gains, which in turn is slowing spending, ... Although the monthly data continue to be quite volatile during this transition period, the underlying trends are unmistakable -- the economy is slowing from its torrid pace.»
Author: Steven Wood
«These data clearly show consumer attitudes at recessionary levels,»
Author: Steven Wood
«The deterioration in economic activity would argue for a more aggressive move, but the Fed has rarely moved by more than (half a point) during Greenspan's tenure,»
Author: Steven Wood
«These data, combined with everything else that has been reported, suggest that Q1 GDP should rise comfortably above 1.0 percent,»
Author: Steven Wood
«Housing fundamentals are deteriorating, ... Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.»
Author: Steven Wood
«With a longer-term view, layoffs have accelerated, job creation has slowed, and joblessness has increased,»
Author: Steven Wood
«New claims during the survey week are broadly similar to where they have been for the last two months, when payrolls fell, ... Continuing claims have been ratcheting steadily higher. Labor market weakness remains.»
Author: Steven Wood
«Although productivity is not likely to return to the supercharged pace of last year, it is likely to settle in comfortably above the 1.5 percent average pace during the 20 years before 1995,»
Author: Steven Wood
«These data suggest that a bottoming in economic activity is taking place, but a bit more inventory adjustment is needed to insure a re-acceleration in growth,»
Author: Steven Wood
«These data suggest that a bottoming in economic activity is taking place, but that a bit more inventory adjustment is needed to insure a re-acceleration in growth,»
Author: Steven Wood
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