It takes a lot of confidence to buy cars and homes people don't make that kind of decision on a whim.
More Quotes from 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
Many of the understandable sources of recovery have been expended in the first half of 2002, leaving growth drivers into 2003 a mystery.
Steven Wieting
What's most important is that we've got demand and supply moving ahead fast enough that we're absorbing and creating jobs month in and month out -- that's not something to lament.
Steven Wieting
We're not expecting an entirely clean read for the durable goods report. The business confidence data began to bottom at the end of June and that's encouraging. We probably will see modest gains in consumer activity and eventually the business cycle will catch up to that. But so far, everything right now is pointing to frustrating moderate economic growth for the time being,
Steven Wieting
This is not entirely comforting but you'd need a lot more information than one month's PPI at the turn of the year to worry about inflation,
Steven Wieting
That kind of decline is a perfect fit with what we've seen in the household survey's measure of employment, ... if not in February, then in future benchmark revisions.
Steven Wieting
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Pat Oliphant
I've been proud to be a lifelong Chicago Cub and still be with the Cubs. That's always been important to me and I think it's always been special.
Ryne Sandberg
I made a pact with myself a long time ago: Never watch anything stupider than you. It's helped me a lot.
Bette Midler