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...
consumer debt employment gains growth households income judicious remain spending taking
With employment gains non-existent, income growth has slowed. As households also become more judicious in taking on more debt, consumer spending will remain soft.
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.
activity although consumer less spending
Less refinancing activity should dampen consumer spending -- although that has not yet occurred.
consumer offer partial restraint
This will offer some partial restraint to consumer spending.
appears consumer convince december evidence further january market open related spending strength weakness
Some of the December strength and January weakness appears to be related to Y2K precautions; the (Federal Open Market Committee) will need a lot more evidence of a slowdown in consumer spending than this to convince them that further tightening is not warranted,
alan attitudes chairman concerns consumer given regarding reserve seen
Given (Federal Reserve Chairman Alan Greenspan's) concerns regarding consumer attitudes this development has to be seen as worrisome.
absence activity consumer declines economic energy expect federal further higher housing inflation interest next quarters rates several slow spending welcomed
We still expect economic activity to slow over the next several quarters as consumer spending slows further and housing declines more because of higher interest rates and energy costs. The absence of inflation will be welcomed at the Federal Reserve.
consumer core holiday sentiment solid spending stronger translate
This stronger consumer sentiment may yet translate into solid core consumer spending for the holiday season.
attitudes clearly consumer data
These data clearly show consumer attitudes at recessionary levels,
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.
attitudes consumers declined economic financial last level modestly optimistic personal remain six
Households' economic attitudes have declined modestly over the last six months, ... But the level suggests consumers remain very optimistic about their personal financial condition.
appear brief consumer consumers despite hiring income moderation spending urged widespread
Despite the brief moderation in consumer attitudes, consumers appear to be spending heavily still, urged on by widespread hiring and income growth.
consumer despite energy higher interest rates remains remarkably rising
Despite rising interest rates and higher energy costs, the consumer remains remarkably resilient.