He has time over time noted a single month of economic data is a poor guide to the future,
More Quotes from Steven Wieting:
While the U.S. economy is still transitioning, and will for some time, data that should be supporting confidence in the recovery have not worked to ease investor concerns. We have to wonder if markets won't derail an otherwise quite healthy recovery in much of the core of the U.S. economy.Steven Wieting
It will be a long time until anybody thinks the economy is stretched and can't produce enough to match demand. We could be dealing with it for all of 2004, certainly.
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
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
The consumer's role in this upturn is going to be the opposite of his role in the downturn.
Steven Wieting
The Labor Department gave guidance that workers held on payrolls would be counted as employed, even if they couldn't be on the job. Just assuming that everyone in New Orleans was out of a job was not the way to go.
Steven Wieting
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Based on Topics: Economics Quotes, Future QuotesIt's more fun to arrive a conclusion than to justify it.
Malcolm Forbes
Of course watching a particularly exciting game or a wonderful contestant is always a joy.
Randy West
The art of art, the glory of expression and the sunshine of the light of letters, is simplicity.
Walt Whitman