Quotations
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Steven Wieting Quotes
«If gas prices are just holding steady and not increasing, and if incomes are rising, your gas bill is the same, and [consumer] demand can rebound. That's the most likely scenario here.»
Author: Steven Wieting
«It's more of a victory lap. Literally a month ago people were arguing that prices would not stop going up. Now, data we would have killed for two years ago is seen as the end of the world. But alarmists on both sides of this thing have been shown to be wrong.»
Author: Steven Wieting
«He has time over time noted a single month of economic data is a poor guide to the future,»
Author: Steven Wieting
«If you look at labor demand, you should be getting a decent trend. It was only June data that fell below that trend.»
Author: Steven Wieting
«Benchmark revisions could completely recast underlying data, in which case January forecasts won't be useful.»
Author: Steven Wieting
«Years from now, new benchmark revisions will come along and change the whole picture again -- which begs the question of how important these monthly payroll changes are. I think it's irresponsible to make too much of these reports.»
Author: Steven Wieting
«The fact that we can lower living costs at a time when output and income are recovering should be considered fantastic news.»
Author: Steven Wieting
«I think we can do better,»
Author: Steven Wieting
«The consumer's role in this upturn is going to be the opposite of [his] role in the downturn.»
Author: Steven Wieting
«We had unintentional inventory declines in the second and third quarters, which is what you would typically get in a recession. I think companies will need to build $50 billion per quarter in inventories, even if the demand growth rate is just 3.5 percent.»
Author: Steven Wieting