Some of the December strength and January weakness appears to be related to Y2K precautions the (Federal Open Market Committee) will need a lot more evidence of a slowdown in consumer spending than this to convince them that further tightening is not warranted,
More Quotes from Steven Wood:
I wish I wasn't here. But the loss of Stephanie, Tony and Zoe is a loss that won't go away. Many people have asked me about my response to this event. They say 'you must hate these people,' but we don't.Steven Wood
This drop may be more due to temporary factors like wet weather than the beginning of a major reversal in housing.
Steven Wood
With the next FOMC meeting only another week away, it is unlikely any of them will tip their hands regarding monetary policy,
Steven Wood
Inventory building is slightly stronger in January and February than it was in 4Q, suggesting that inventory investment is likely to add modestly to Q1 GDP growth.
Steven Wood
Weakness in the composite index suggests that economic growth will slow over the next three to six months.
Steven Wood
New and continuing claims are at levels that historically have been associated with payroll employment gains of around 225,000. Labor markets are gradually improving.
Steven Wood
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