With a longer-term view, layoffs have accelerated, job creation has slowed, and joblessness has increased,
More Quotes from Steven Wood:
This will help boost overall economic growth to above 4 percent our current (third-quarter) estimate is 4.5.Steven Wood
This relative stability has been remarkable given the ebbs and flows in job creation, the equity markets, the conflict in Iraq, the election campaign, interest rates and gasoline prices.
Steven Wood
Inflation is sufficiently low and tame -- and the economic outlook is sufficiently uncertain -- to be of little concern to the Fed at present.
Steven Wood
Although inventory rebalancing is well underway, weak sales and elevated inventory-to-sales ratios will keep downward pressure on industrial production and manufacturing employment, ... This situation is unlikely to improve until spending accelerates.
Steven Wood
Despite this gain the outlook is still for sluggish growth over the next six months,
Steven Wood
With last week's Fed tightening, mortgage rates have continued to rise, so that further declines in housing activity are likely over the balance of the year. Nevertheless, robust labor markets and rising incomes have helped sustain housing at a relatively high level.
Steven Wood
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We continue to be exasperated by the view, apparently gaining momentum in certain circles, that armed robbery is okay as long as nobody gets hurt! The proper solution to armed robbery is a dead robber, on the scene.
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