Business conditions are really slack. The latest rally in stocks doesn't change that.
More Quotes from Steven Wieting:
It's one of those rare Goldilocks reports, ... The idea here that there is still potential slack, the pool of available labor.Steven Wieting
It's more of a victory lap. Literally a month ago people were arguing that prices would not stop going up. Now, data we would have killed for two years ago is seen as the end of the world. But alarmists on both sides of this thing have been shown to be wrong.
Steven Wieting
The Labor Department gave guidance that workers held on payrolls would be counted as employed, even if they couldn't be on the job. Just assuming that everyone in New Orleans was out of a job was not the way to go.
Steven Wieting
Estimates have to come down, ... We're in for an ugly preannouncement season.
Steven Wieting
Seeing a two-year low in confidence in the wake of Hurricane Katrina isn't that surprising. The news in the month of September has been terrible. The television coverage and the emotional impact of the story has a big effect on confidence in the short run. But spending has been inconsistent with these confidence numbers.
Steven Wieting
This gain in proprietors' income is small-business job creation, we think, and it's more useful at this point in the business cycle than it would otherwise be,
Steven Wieting
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Based on Topics: Business & Commerce QuotesThere can be no prestige without mystery, for familiarity breeds contempt.
Charles de Gaulle
Fear is the mother of morality.
Friedrich Nietzsche
Why do they put the Gideon bibles only in the bedrooms, where it's usually too late?
Christopher Morley