Quotations
Famous Quotations
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Steven Wood Quotes
«Even as the pace of layoffs has ebbed, no new hiring is taking place, so continuing claims will rise even further and surpass their peak in the last recession, ... Labor market deterioration is continuing with no end in sight.»
Author: Steven Wood
«Although the fundamentals have deteriorated builders have been cautious, so there is no imbalance of unsold new homes, ... Therefore, as long as new home sales are maintained near current levels, housing construction can also continue near these levels.»
Author: Steven Wood
«Labor markets are deteriorating rapidly. Layoffs remain at a fast pace, while hiring has all but stopped, ... As economic activity continues to unravel, there are few prospects for a near-term turnaround. The national unemployment rate, now at 4.9 percent, should breach 6 percent before the economy begins to recover.»
Author: Steven Wood
«Payroll employment for October will plunge sharply and unemployment will continue to rise, likely breaching 6 percent by early next year,»
Author: Steven Wood
«Households are maintaining relatively optimistic assessments of economic conditions, largely in defiance of actual events,»
Author: Steven Wood
«With the next FOMC meeting only another week away, it is unlikely any of them will tip their hands regarding monetary policy,»
Author: Steven Wood
«Volumes are still strong enough to generate a few new factory jobs amid robust productivity gains, ... Moreover, capital spending appears to be on track for another solid contribution to third quarter GDP.»
Author: Steven Wood
«In an environment of slower growth, steady job creation, weaker productivity gains, and modestly rising inflation that we envision for 2005, the FOMC will continue to lift its target federal funds rate,»
Author: Steven Wood
«Inventory building is slightly stronger in January and February than it was in 4Q, suggesting that inventory investment is likely to add modestly to Q1 GDP growth,»
Author: Steven Wood
«The spring slowdown in factory activity, due largely to an inventory adjustment cycle, is now history,»
Author: Steven Wood