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...
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.
continues costs data declining difference energy fiscal interest lower sector stimulus suggest
These data suggest that the manufacturing sector continues to bleed. Lower interest rates, fiscal stimulus and declining energy costs have not yet made any difference to this part of the economy.
continue cut data downward factory falling imports indicate orders pace pressure responding retailers sales slowing unless wholesale
These data indicate that wholesale deliveries to retailers are falling quickly, responding to the slowing pace of retail sales. However, deliveries from manufacturers and imports have not slowed as sharply. Unless retail sales revive, wholesalers will continue to cut their orders from manufacturers and imports, maintaining the downward pressure on the factory sector.
continue data difficult face housing interest market open remains resilient rising slow
These data continue to show that the housing market remains resilient in the face of rising interest rates. This resiliency will make it more difficult for the (Federal Open Market Committee) to slow the economy,
confirm continue data sector
These data continue to confirm that the manufacturing sector is in recession.
continue continues creation job layoffs rise
Layoffs continue to rise and job creation continues to slow,
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 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.
average continues creation interest job raise rate remains
As long as average job creation remains around or exceeds 200,000 and the unemployment rate continues to decline, the FOMC will continue to raise interest rates.
committee continue employment federal interest labor markets open payroll raise rise strong
Labor markets are very strong and payroll employment should rise by 200,000 or more in February. The Federal Open Market Committee will continue to raise interest rates.
activity begins breach continues economic economy fast few hiring labor layoffs markets national percent prospects remain
Labor markets are deteriorating rapidly. Layoffs remain at a fast pace, while hiring has all but stopped. As economic activity continues to unravel, there are few prospects for a near-term turnaround. The national unemployment rate, now at 4.9 percent, should breach 6 percent before the economy begins to recover.
continue early employment likely next october payroll percent
Payroll employment for October will plunge sharply and unemployment will continue to rise, likely breaching 6 percent by early next year,
although continue data economy employment growth income output quite slower slowing transition trends turn underlying volatile
Slower output and employment growth is dampening real income gains, which in turn is slowing spending, ... Although the monthly data continue to be quite volatile during this transition period, the underlying trends are unmistakable -- the economy is slowing from its torrid pace.
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.