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Letter "S" » Steven Wieting Quotes
«There's no reason for utter despair, but this looks like a big exaggeration.»
«I think it comes down to the mechanics of how folks were counted.»
«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.»
«We're getting higher and higher oil prices each day and you'll continue to see a larger drag on the economy through the summer months.»
«Exports were flat for a second month running and that has been what is most broken in the trade picture.»
«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.»
«Many of the understandable sources of recovery have been expended in the first half of 2002, leaving growth drivers into 2003 a mystery.»
«The reaction to this data in the past would have been much more positive. These days only bad news is carrying weight.»
«However, a much larger drag seemed possible after the October surge, and a good portion of the rise will be offset by a gain in inventories in the quarter.»
«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,»

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