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...
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Weakness in the composite index suggests that economic growth will slow over the next three to six months.
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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.
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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.
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The general slowing in the growth of the leading indicators over the past year suggests the pace of economic growth should gradually slow over the next three to six to nine months.
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Unless there is a quick rebound in sales, this suggests further weakness in production and declines in inventories over the months ahead.
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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,
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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.
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With the next FOMC meeting only another week away, it is unlikely any of them will tip their hands regarding monetary policy,
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There is clear and strong evidence that the factory sector is expanding solidly,
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This will offer some partial restraint to consumer spending.
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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.
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I wish I wasn't here. But the loss of Stephanie, Tony and Zoe is a loss that won't go away. Many people have asked me about my response to this event. They say 'you must hate these people,' but we don't.
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It doesn't necessarily point to another increase in rates for the Fed.
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It is our family's prayer that both of these gentlemen will become valuable members of this society.Only time will tell with Cam Hall, but we're hopeful that what he says is real.