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...
claims continuing further hiring labor last layoffs market pace peak rise surpass taking
Even as the pace of layoffs has ebbed, no new hiring is taking place, so continuing claims will rise even further and surpass their peak in the last recession. Labor market deterioration is continuing with no end in sight.
access easier perfectly virtual
As long as we can access it, I'm perfectly happy. Everything is pretty virtual at the moment. If there is a consolidated exchange, it makes it easier for us and the brokers.
appear brief consumer consumers despite hiring income moderation spending urged widespread
Despite the brief moderation in consumer attitudes, consumers appear to be spending heavily still, urged on by widespread hiring and income growth.
data economy indicate quickly slowing
These data indicate that the economy is slowing quickly and may now actually be in recession.
data suggest turnaround
These data suggest that a manufacturing turnaround has not yet arrived.
bring continue cuts economic production recovery sharp spending stage
Sharp production cuts will continue to bring down inventories, which will set the stage for the economic recovery when spending revives.
data factory news provide shipments unwanted worked
These data provide some encouraging news for the factory sector, as unwanted inventories are being worked off and shipments have bounced.
creation generally job leading
Leading indicators of job creation were generally favorable.
bad economic economy forever last point pure
Bad economic times don't last forever and the U.S. economy is very vibrant. But at this point that is just pure forecast.
activity add data economic evidence growing likely
These data add to the growing evidence that economic activity has slowed and that any re-acceleration is likely to be short-lived.
appears consumer convince december evidence further january market open related spending strength weakness
Some of the December strength and January weakness appears to be related to Y2K precautions; the (Federal Open Market Committee) will need a lot more evidence of a slowdown in consumer spending than this to convince them that further tightening is not warranted,
add concerns declines evidence forecast general growth related slower unclear whether
It's unclear whether the declines are related to year-end concerns or to a more general softening in manufacturing activity, but they do add evidence to the (Fed's) forecast for slower growth going forward.
continue creation environment envision federal funds inflation job lift modestly rising slower steady target weaker
In an environment of slower growth, steady job creation, weaker productivity gains, and modestly rising inflation that we envision for 2005, the FOMC will continue to lift its target federal funds rate.
activity bleak oasis otherwise region unlikely
It is unlikely that the region is really an oasis of activity in an otherwise bleak manufacturing landscape.