Steven Wood
Steven Wood
Steven Woodwas an Australian sprint canoeist and marathon canoeist who competed in the late 1980s and early 1990s. Competing in two Summer Olympics, he won a bronze medal in the K-4 1000 m event at Barcelona in 1992...
companies competition demand intense preventing raising slack
Slack demand and intense competition are preventing companies from raising prices.
bring continue cuts economic production recovery sharp spending stage
Sharp production cuts will continue to bring down inventories, which will set the stage for the economic recovery when spending revives.
august below continues diminish economic extended fed growth increase rate report slower third welcome
The Fed will welcome this report as it suggests that slower economic growth will be extended into the third quarter. The probability of an August rate increase continues to diminish and is now below 50 percent.
continue economic focus policy
The (Fed) will continue to focus policy on reviving economic growth.
data economic extended further growth policy providing second slowing welcome
The (Fed policy makers) will welcome this data as providing further confirmation that the slowing of economic growth in Q2 (the second quarter) has been extended into Q3,
cannot easing pace slow stop
The (Fed) may slow the pace of easing but they cannot stop yet.
add building february inventory investment january likely modestly slightly stronger suggesting
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,
businesses economic fourth growth largely mean neutral production ramp rebuild stronger third
Inventories are going to be largely neutral for economic growth in the third quarter. In the fourth quarter, as businesses ramp up production to rebuild inventories, that will mean more hiring, more production and a stronger economic environment.
across activity both broad business consumer declines industrial reflecting
Industrial activity is contracting across a broad set of industries, reflecting the declines in both consumer and business spending.
continue creation environment envision federal funds inflation job lift modestly rising slower steady target weaker
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.
appreciation cash cover landlords negative quick raise start
If you've had very quick home-price appreciation, you don't have to raise rents too much. But if home-price appreciation slows, landlords will have to raise rents to start to cover that negative cash flow.
beginning confidence consumer creation equity flat growth home housing income job markets mortgage next past rates sales several since suggest
Housing fundamentals are deteriorating. Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.
beginning confidence consumer creation equity flat growth home housing income job markets mortgage next past rates sales several since suggest
Housing fundamentals are deteriorating, ... Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.
economic federal growth housing largely negative neutral next passed past peak several welcomed
Housing activity, which has contributed significantly to economic growth over the past 2-1/2 years, has now passed its peak and will be largely neutral to negative over the next several quarters, ... This slowdown will be welcomed at the Federal Reserve.