Slack demand and intense competition are preventing companies from raising prices.
More Quotes from Steven Wood:
Momentum in the leading indicators has slowed over the past year, suggesting an impending slowdown in economic growth.Steven Wood
Huge swings in energy and motor vehicle prices have masked a sharp retreat in core producer inflation over the past 6 months.
Steven Wood
The numbers are consistent with a recovering manufacturing sector, with little indication of any slowdown in the post-Y2K period, ... For the FOMC, with few signs of slowing economic activity outside of housing, a rebounding manufacturing sector will keep the pressure on for higher rates.
Steven Wood
Unless there is a quick rebound in sales, this suggests further weakness in production and declines in inventories over the months ahead.
Steven Wood
While good gains in productivity are economically favorable, it is not a good situation when this occurs because labor input is declining more rapidly than output.
Steven Wood
Despite this gain the outlook is still for sluggish growth over the next six months,
Steven Wood
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I sell escapism.
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