Consumption is growing, government outlays are growing and the third quarter will look very strong. But going forward, business spending is flat and decisions are being deferred. That can keep us weak for the near term -- neither contracting nor expanding.
More Quotes from Steven Wieting:
Seeing a two-year low in confidence in the wake of Hurricane Katrina isn't that surprising. The news in the month of September has been terrible. The television coverage and the emotional impact of the story has a big effect on confidence in the short run. But spending has been inconsistent with these confidence numbers.Steven Wieting
Freeing up less productive resources by accomplishing more with less is the entire basis for rising living standards. It shouldn't come as a surprise that stronger periods of economic growth have generally begun during periods of high unemployment, not low unemployment.
Steven Wieting
There is no change in course, and markets have already priced in more action.
Steven Wieting
Friday's number is not going to make much of a difference for the outlook for the economy.
Steven Wieting
While we don't take monthly changes in employment too seriously, today's data were slightly stronger than expected on hiring, but slightly weaker on hours and utilization, thus providing a 'growth positive' outlook.
Steven Wieting
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Based on Topics: Business & Commerce Quotes, Decision Making Quotes, Government QuotesBased on Keywords: outlays
I was always really into the music rather than the scene.
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Government has no other end, but the preservation of property.
John Locke
We are all serving a life sentence, and good behavior is our only hope for a pardon.
Douglas Horton