Consumers still remain optimistic about the future despite having some concerns about the present. This is very typical of a business cycle turning point,
More Quotes from Steven Wood:
With still strong domestic demand and improving international demand, the factory sector is continuing to recover from the sluggishness that resulted from the Asian economic crisis,Steven Wood
Industrial activity is contracting across a broad set of industries, reflecting the declines in both consumer and business spending.
Steven Wood
If you've had very quick home-price appreciation, you don't have to raise rents too much. But if home-price appreciation slows, landlords will have to raise rents to start to cover that negative cash flow.
Steven Wood
Although the (Fed) will not be pleased with the sharp decline in productivity growth over the past year, they will view it as a cyclical phenomenon rather than a retreat from the productivity-led expansion of the past 5 years.
Steven Wood
With a longer-term view, layoffs have accelerated, job creation has slowed, and joblessness has increased,
Steven Wood
Despite the brief moderation in consumer attitudes, consumers appear to be spending heavily still, urged on by widespread hiring and income growth.
Steven Wood
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When men destroy their old gods they will find new ones to take their place.
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