It seems like this is a conspiracy by the gods to make us economists eat our words when we said manufacturing was back on its feet. It's certainly a disappointing number.
More Quotes from Patrick Fearon:
That would support the idea that the Fed can stop raising rates soon.Patrick Fearon
The service sector of the economy is still growing at a good pace and that is consistent with what we were seeing in the employment report for November.
Patrick Fearon
There was decent strength across the retail sector. These numbers are consistent with an economy growing at a comfortable rate, a pace that would allow the Fed to continue to raise interest rates in a measured fashion.
Patrick Fearon
We still think that the growth rate will slow substantially in the fourth quarter, in part because the housing sector is softening which will tend to soften consumer spending as well. That is one factor that will probably help the Federal Reserve eventually conclude its monetary tightening cycle.
Patrick Fearon
The housing starts figure coming in down 5.6 percent was weaker than expected and seems consistent with our thesis that the housing sector is moderating. The big decline in housing permits reinforces that idea.
Patrick Fearon
This is consistent with our view that the housing market is likely to continue to moderate in the coming months. But ... home sales are historically pretty strong.
Patrick Fearon
Readers Who Like This Quotation Also Like:
Based on Topics: Disappointment Quotes, God QuotesHave a definite opinion.
William Safire
Poets, like whores, are only hated by each other.
William Wycherley
After I am dead, the boy will ruin himself in twelve months.
King George V