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...
declines further months production quick rebound sales unless weakness
Unless there is a quick rebound in sales, this suggests further weakness in production and declines in inventories over the months ahead.
add concerns declines evidence forecast general growth related slower unclear whether
It's unclear whether the declines are related to year-end concerns or to a more general softening in manufacturing activity, but they do add evidence to the (Fed's) forecast for slower growth going forward.
aftermath associated climbed consumer december declines energy followed higher huge katrina optimism rita soaring
Consumer optimism climbed higher in December after soaring in November. This followed huge back-to-back declines in the aftermath of Hurricanes Katrina and Rita and the associated surge in energy prices.
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.
bloated data declines demand economy further indicate output slowing
These data indicate that the manufacturing sectors of the economy are still reeling from slowing demand and bloated inventories. Further declines in output are likely.
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.
although declines drop few further gradually higher hints likely maximum output period rate ratio sales weakness
There are a few tentative hints -- higher new orders, a drop in the inventory-to-sales ratio -- that the period of maximum weakness has likely passed. Although further declines in output are anticipated, the rate of decline should gradually diminish.
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.
adverse checks energy highly impact influence lower noticeable positive prices stock tax turmoil
The positive influence of tax rebate checks and lower energy prices is being overwhelmed by the adverse impact of highly noticeable layoff announcements and the turmoil in the stock market,
activity coming decline generate housing huge increase likely mild next severe weather
Unseasonably mild weather in January, coming after unseasonably severe weather in December, generated a huge increase in housing starts. Moreover, February's weather is likely to generate a big decline in housing activity next month.
hands meeting monetary next regarding tip unlikely week
With the next FOMC meeting only another week away, it is unlikely any of them will tip their hands regarding monetary policy,
clear evidence expanding factory sector strong
There is clear and strong evidence that the factory sector is expanding solidly,
consumer offer partial restraint
This will offer some partial restraint to consumer spending.
feeling learn markets rebound smaller work
Our feeling is that markets are not going to rebound magically to a 100-machine market. So you have to learn to work in a very competitive, smaller market.