Quotations
Famous Quotations
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Steven Wood Quotes
«The level of economic optimism is still quite high, especially given the continued sluggishness in the economy, rising joblessness, corporate profits warnings and equity market volatility,»
Author: 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.»
Author: Steven Wood
«These [inventories] data are weaker than the Commerce Department assumed in its advance second-quarter GDP report, ... By themselves, they will subtract nearly 0.5 percent from the 0.7 percent initial GDP estimate.»
Author: Steven Wood
«[In] the past year, the number of people receiving state benefits has increased by more than a million, ... Although the pace of layoffs has eased, job creation remains nonexistent.»
Author: Steven Wood
«The positive influence of tax rebate checks and lower energy prices is being overwhelmed by the adverse impact of highly noticeable layoff announcements and the turmoil in the stock market,»
Author: 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.»
Author: Steven Wood
«The pace of layoffs is rising again, while new hiring has stopped, ... These trends will likely be extended because of the economic dislocations associated with this week's tragic events.»
Author: Steven Wood
«With the airlines reducing schedules, we've already seen that cascade back on airline manufacturers like Boeing, ... And that has cascading effects on hundreds, if not thousands, of vendors who supply parts and components to Boeing.»
Author: Steven Wood
«Labor markets are deteriorating quickly in the wake of the terrorist attacks on September 11, ... The economy was quite weak before the attacks, which have accelerated the pace of layoffs. As layoffs spiral higher, hiring activity has stopped, giving a strong upward push to joblessness.»
Author: Steven Wood
«The initial wave of layoffs in those industries most directly affected by the terrorist attacks has passed. However, there is another wave rolling to shore, ... This second wave will be from the subsequent economic dislocations caused by the Sept. 11 events and be much more diffused through the economy.»
Author: Steven Wood