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...
economy imports thereby trade
Because the U.S. economy has slowed more sharply than the international economy, imports have been impacted more than exports, thereby narrowing the trade deficit.
economic impending leading momentum past suggesting
Momentum in the leading indicators has slowed over the past year, suggesting an impending slowdown in economic growth.
economic federal growth housing largely negative neutral next passed past peak several welcomed
Housing activity, which has contributed significantly to economic growth over the past 2-1/2 years, has now passed its peak and will be largely neutral to negative over the next several quarters, ... This slowdown will be welcomed at the Federal Reserve.
activity attacks economy giving hiring labor layoffs markets pace push quickly quite september spiral strong terrorist wake weak
Labor markets are deteriorating quickly in the wake of the terrorist attacks on September 11. The economy was quite weak before the attacks, which have accelerated the pace of layoffs. As layoffs spiral higher, hiring activity has stopped, giving a strong upward push to joblessness.
claims consumer economic growth higher income job overall slower suggest
Higher claims suggest slower job gains, which should dampen income growth, consumer spending, and overall economic activity.
largely preferred scenario
The FOMC is smiling, as their preferred scenario is largely unfolding.
moderate reveal sales slowing
Any slowing in sales will reveal moderate overbuilding.
margins power pricing profit remain
Because pricing power has disappeared, profit margins will remain under significant pressure.
adept buyers financing further higher home housing interest monetary rates resilience sector support weathered
Higher interest rates have been weathered by home buyers through the use of adept home financing techniques. Nevertheless, the resilience in the housing sector will support further monetary tightening by the Fed.
consumer early economy-and-economics gains income increased major next recession slowing support
Slowing income gains and increased uncertainty have savaged consumer spending. This has removed the only major support for the economy, insuring the recession will last, at least, into early next year.
activity although buying consumer high home less longer relatively remains
Although home buying remains at relatively high levels, and though no longer robust, refinancing activity has slumped. Less refinancing activity should dampen consumer spending.
activity aggressive argue economic fed moved rarely
The deterioration in economic activity would argue for a more aggressive move, but the Fed has rarely moved by more than (half a point) during Greenspan's tenure,
activity although buying consumer high home less longer relatively remains
Although home buying remains at relatively high levels, although no longer robust, refinancing activity has slumped. Less refinancing activity should dampen consumer spending.
activity although appear begun consumer demand domestic economies higher housing impact improving interest negative rates
Although higher interest rates appear to have begun to have a negative impact on housing activity and consumer spending, sturdy domestic demand and improving international economies have generated an acceleration in manufacturing activity.