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.
More Quotes from Steven Wieting:
Some of the conditions that have ripened the growth outlook at the start of 2006 are unlikely to last into spring. Abnormally warm weather boosted construction activity in December. ... Judging by a 46,000 gain in construction employment in January, the winter 2006 will go down as an unusually early and strong period for building activity.Steven Wieting
Beneath the surface, production and inventory, here and abroad, are moving up faster than the rate of demand growth,
Steven Wieting
Freeing up less productive resources by accomplishing more with less is the entire basis for rising living standards. It shouldn't come as a surprise that stronger periods of economic growth have generally begun during periods of high unemployment, not low unemployment.
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
If demand stays strong and productivity growth slows considerably, this could be a year that could be seen as heading towards traditional overheating of the labor market, with big employment gains.
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
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Based on Topics: Confidence Quotes, Media & News Quotes, Running Quotes, Television QuotesKinsey was never a lawyer. She's strictly blue collar.
Sue Grafton
There is no love that is not an echo.
Theodor Adorno
Be universal in your love. You will see the universe to be the picture of your own being.
Sri Chinmoy