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...
extending period weakness
Weakness was widespread, extending the period of pronounced weakness.
business concerns consumers cycle despite future optimistic remain turning typical
Consumers still remain optimistic about the future despite having some concerns about the present. This is very typical of a business cycle turning point,
economic four growth leaders pace percent quarters recent slow third
The recent pace of growth in the leaders suggests that economic growth should slow from its 3.6 percent over the four quarters through the third quarter of 2005.
economic growth moderate movements next recent suggest
The recent movements in the index suggest only moderate economic growth over the next 6 to 9 months.
budget deficit january since time
This was the first time that the January budget has been in deficit since 1992.
activity balance continued declines fed further helped high housing labor last likely markets mortgage rates relatively rising robust sustain
With last week's Fed tightening, mortgage rates have continued to rise, so that further declines in housing activity are likely over the balance of the year. Nevertheless, robust labor markets and rising incomes have helped sustain housing at a relatively high level.
claims continuing further hiring labor last layoffs market pace peak rise surpass taking
Even as the pace of layoffs has ebbed, no new hiring is taking place, so continuing claims will rise even further and surpass their peak in the last recession. Labor market deterioration is continuing with no end in sight.
although creation data job
Although these data were better than expected, job creation is still weak.
although declined economic efforts further growth helping last level mortgage pace past rates relatively sales six slow solid three weakness
Although the level of sales is still relatively high, the solid growth of the past three years has been arrested, helping the Fed's efforts to slow the pace of economic growth. However, mortgage rates have declined over the last six weeks, so further substantial weakness may not be forthcoming.
although builders continue current home housing maintained near sales
Although the fundamentals have deteriorated builders have been cautious, so there is no imbalance of unsold new homes. Therefore, as long as new home sales are maintained near current levels, housing construction can also continue near these levels.
although cyclical decline expansion growth past phenomenon pleased rather retreat sharp view
Although the (Fed) will not be pleased with the sharp decline in productivity growth over the past year, they will view it as a cyclical phenomenon rather than a retreat from the productivity-led expansion of the past 5 years.
accelerate although consumer creation finished job order quarters recent spending strength strong sustain
Although real consumer spending was strong it has slowed for two consecutive quarters and finished Q1 with very little momentum. In order to sustain recent strength in real consumer spending, job creation will need to accelerate further.
above although average last likely pace percent return settle
Although productivity is not likely to return to the supercharged pace of last year, it is likely to settle in comfortably above the 1.5 percent average pace during the 20 years before 1995.
although continued curve declined due financial flat lending mortgage past rates standards three volumes yield
Although mortgage rates have declined over the past three weeks, mortgage applications volumes have continued to fall. This is partially due to the flat yield curve and partially due to tighter lending standards by financial institutions.