With employment gains non-existent, income growth has slowed. As households also become more judicious in taking on more debt, consumer spending will remain soft.
More Quotes from Steven Wood:
Manufacturing is still mired in a deep recession. Although vehicle production has stepped up to try to maintain a low-cost financing induced sales explosion, the rest of the industrial sector is hurting badly.Steven Wood
Higher claims suggest slower job gains, which should dampen income growth, consumer spending, and overall economic activity.
Steven Wood
Labor markets are weak and getting weaker.
Steven Wood
Wholesalers had been struggling with bulging inventories through the winter and spring, ... However, plunging sales had largely thwarted their efforts. July's improvement is a welcome respite in this struggle.
Steven Wood
These data indicate that inflationary pressures are largely confined to the energy sector of the economy. Moreover, because inflation is a lagging indicator of overall economic activity, the recent sharp slowing of economic growth should dampen inflation over the balance of the year.
Steven Wood
This was the first time that the January budget has been in deficit since 1992.
Steven Wood
Readers Who Like This Quotation Also Like:
Based on Topics: Debts QuotesBased on Keywords: non-existent
The appeal all too often is to the gallery, hungry for sensation.
Otto Hermann Kahn
The assertion that "all men are created equal" was of no practical use in effecting our separation from Great Britain and it was placed in the Declaration not for that, but for future use.
Abraham Lincoln
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
Ruben Hinojosa