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...
basis early easily economy given increase interest last march momentum move points raise rates signs slowing unless year
Given the momentum in the economy at the end of last year and in the early part of this year, the FOMC will undoubtedly have to raise interest rates yet again, ... Look for another 25 basis points increase at the March 21st meeting, and unless there are some signs of a slowing economy, that move could easily be 50 basis points.
although appears consumers due gains ready retail spending stronger throw
Retail spending was much stronger than anticipated. Although some of these gains were due to post-hurricane spending, it appears that consumers are not yet ready to throw in the towel.
coming creation further higher increased job last months pace past relationship response retail sales six slower spending stock suggesting tight volatility weakness
Retail sales have slowed over the last six months in response to the slower pace of job creation, higher rates, and increased volatility in the stock market. Indeed, in the past two years there has been tight relationship between the Nasdaq and retail spending, suggesting further spending weakness in coming months.
interest lower outlook providing rates support
Only lower interest rates are providing any support at the moment, ... The outlook is still worrisome.
claims continuing labor last market similar steadily survey weakness week
New claims during the survey week are broadly similar to where they have been for the last two months, when payrolls fell, ... Continuing claims have been ratcheting steadily higher. Labor market weakness remains.
associated claims continuing employment gains gradually labor levels markets payroll
New and continuing claims are at levels that historically have been associated with payroll employment gains of around 225,000. Labor markets are gradually improving.
continue continues creation job layoffs rise
Layoffs continue to rise and job creation continues to slow,
activity although consumer less spending
Less refinancing activity should dampen consumer spending -- although that has not yet occurred.
creation generally job leading
Leading indicators of job creation were generally favorable.
deep dramatic due economy gains helping recent reduction reflect solid trouble work
Solid productivity gains are helping to restrain inflationary pressures. However, because the recent improvements are due to a dramatic reduction in work hours, they reflect the deep trouble the economy is in.
economic impending leading momentum past suggesting
Momentum in the leading indicators has slowed over the past year, suggesting an impending slowdown in economic growth.
advertising dramatic job lost market newspapers share shift
Because of the dramatic shift in job advertising market share from newspapers to the Internet, the help-wanted index has lost much of its luster.
economy imports thereby trade
Because the U.S. economy has slowed more sharply than the international economy, imports have been impacted more than exports, thereby narrowing the trade deficit.
margins power pricing profit remain
Because pricing power has disappeared, profit margins will remain under significant pressure.