Steven Wieting Quotes

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

Tags

Negative | Correlated | Unfortunate | News | Weak |

comments powered by Disqus

Random

[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

It's one of those rare Goldilocks reports... The idea here that there is still potential slack, the pool of available labor. - Steven Wieting

Seeing a two-year low in confidence in the wake of Hurricane Katrina isn't that surprising. The news in the month of September has been terrible. The television coverage and the emotional impact of the story has a big effect on confidence in the short run. But spending has been inconsistent with these confidence numbers. - Steven Wieting