Steven Wieting Quotes

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

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Unintentional | Inventory | Declines | Quarters | Typically |

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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

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

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