Quotations

Famous Quotations

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Steven Wood Quotes

«Solid productivity gains are helping to restrain inflationary pressures. However, because the recent improvements are due to a dramatic reduction in work hours, they reflect the deep trouble the economy is in.»
Author: Steven Wood
«With good productivity growth and low inflation, the [Fed] has room to lower rates even further, if needed.»
Author: Steven Wood
«Because pricing power has disappeared, profit margins will remain under significant pressure.»
Author: Steven Wood
«The trade figures are distorted by the effects of foreign re-insurance on the World Trade Center. Nevertheless, international trade is contracting.»
Author: Steven Wood
«The sharp slowing in domestic demand has dramatically reduced imports. Weakening economic activity in our major trading partners has significantly reduced the foreign demand for American-made products.»
Author: Steven Wood
«While good gains in productivity are economically favorable, it is not a good situation when this occurs because labor input is declining more rapidly than output.»
Author: Steven Wood
«The data are heavily distorted by a large military contract and the surge in vehicle sales. Once these have dissipated, orders and shipments will sag again.»
Author: Steven Wood
«Despite some better-than-expected data over the past two weeks, this report is sufficiently gloomy to force the Fed to ease next Tuesday and retain their bias toward further economic weakness.»
Author: 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.»
Author: Steven Wood
«Sharp production cuts will continue to bring down inventories, which will set the stage for the economic recovery when spending revives.»
Author: Steven Wood