Steven Wieting Quotes

Benchmark revisions could completely recast underlying data, in which case January forecasts won't be useful.

- Steven Wieting

Tags

Benchmark | Revisions | Completely | Recast | Underlying |

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Some of the conditions that have ripened the growth outlook at the start of 2006 are unlikely to last into spring. Abnormally warm weather boosted construction activity in December. ... Judging by a 46,000 gain in construction employment in January, the winter 2006 will go down as an unusually early and strong period for building activity. - Steven Wieting

[By his lights it didn't make sense that stocks were unable to hold onto most of their gains Tuesday, finishing the day roughly flat after a jump early on.] The reaction to this data in the past would have been much more positive... These days only bad news is carrying weight. - Steven Wieting