60 Quotes by Steven Wieting
- Author Steven Wieting
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Whether the Fed goes 25 or 50 basis points next week might mean something for managing market psychology, but it doesn't mean nearly as much for the broader economy. Their language regarding their future considerations on rates is what should matter.
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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.
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Years from now, new benchmark revisions will come along and change the whole picture again -- which begs the question of how important these monthly payroll changes are. I think it's irresponsible to make too much of these reports.
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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.
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The fact is orders just hit a wall in June and July.
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Many of the understandable sources of recovery have been expended in the first half of 2002, leaving growth drivers into 2003 a mystery.
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September was a month where we thought there was a tremendous amount of weather impact,
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Business conditions are really slack. The latest rally in stocks doesn't change that.
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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.
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