Steven Wieting Quotes

We haven't had a single year of falling consumer spending since 1938. There's no boom or bust in consumer spending. - 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. - Steven Wieting

We continue to expect a long, successful business cycle expansion amid well-known challenges. However, visibility has been somewhat reduced, and the Fed is not fighting off increased market expectations of policy tightening. - Steven Wieting

We already were expecting a 5,000-job decline in manufacturing employment in May. - Steven Wieting

Today's data included well-known as well as surprise areas of weakness. - Steven Wieting

This notion that there's just too much tech everywhere contrasts with the fact that there's actually been a spending improvement. - Steven Wieting

This kind of sequential recovery, this coming up from the base, has been as good as we've seen in any economic recovery at this stage, but again this is multiyear process. - Steven Wieting

This is not entirely comforting but you'd need a lot more information than one month's PPI at the turn of the year to worry about inflation. - Steven Wieting

This is a fairly big negative, correlated to other unfortunate news, like weak financial markets, which have their own impact... So far it still looks like the economy is growing, but below trend. - Steven Wieting

This [gain in proprietors' income] is small-business job creation, we think, and it's more useful at this point in the business cycle than it would otherwise be. - Steven Wieting

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