The trade figures are distorted by the effects of foreign re-insurance on the World Trade Center. Nevertheless, international trade is contracting.
More Quotes from Steven Wood:
Consumer optimism climbed higher in December after soaring in November. This followed huge back-to-back declines in the aftermath of Hurricanes Katrina and Rita and the associated surge in energy prices.Steven Wood
Higher interest rates have been weathered by home buyers through the use of adept home financing techniques. Nevertheless, the resilience in the housing sector will support further monetary tightening by the Fed.
Steven Wood
There is clear and strong evidence that the factory sector is expanding solidly,
Steven Wood
Because of the dramatic shift in job advertising market share from newspapers to the Internet, the help-wanted index has lost much of its luster.
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Only lower interest rates are providing any support at the moment, ... The outlook is still worrisome.
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
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