[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fdnGhhCcgPyoWbu9enn83Na7jFE20TpAsH5Cgy7yPATg":3,"$fMw95MeoJARl1x70UcbEckdv_Dkjj3RoSMSo2RnZDGfM":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},196932,"Stephen Wood","S",17,null,"stephen-wood",[],{"quotes":13,"pagination":127},[14,27,38,49,60,71,82,93,104,115],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2773473,"The earnings environment still looks strong. The values that we're looking at for the economy and earnings -- all the good news that exists in stocks -- has not been reflected in prices yet.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5749085,{"id":25,"tag_name":26},22892,"earnings",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2773469,"In the past five years, value has done OK, but the real story is that growth has been getting clobbered, We don't think growth will roll over and go belly up. Once a style comes into favor, it tends to stay there for years. You just had the fifth year of a value cycle. Do you get a sixth year? You could. But I'm not convinced we'll see it.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5749082,{"id":36,"tag_name":37},10131,"belly",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},2773466,"The (Federal Open Market) Committee will more than likely remain on hold, unless economic developments force its hand.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5749078,{"id":47,"tag_name":48},179901,"committee",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":9},2773464,"It's not just one or two things working and everything else not working. It's an all-cap, all-style, broad market rally.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},5749075,{"id":58,"tag_name":59},53973,"broad",{"id":61,"quote_text":62,"author_id":5,"source_id":17,"has_image":18,"author":63,"source":64,"quote_tag":65,"commentary":9},2773461,"There's a convergence between three major sectors: personal computing, consumer electronics and cell phones.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[66],{"id":67,"tag":68},5749073,{"id":69,"tag_name":70},20967,"cell",{"id":72,"quote_text":73,"author_id":5,"source_id":17,"has_image":18,"author":74,"source":75,"quote_tag":76,"commentary":9},2773456,"Although the weakness in this month's report was broad-based, still strong domestic economic activity and improvement in international economic activity is supporting general manufacturing activity.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[77],{"id":78,"tag":79},5749069,{"id":80,"tag_name":81},1249,"activity",{"id":83,"quote_text":84,"author_id":5,"source_id":17,"has_image":18,"author":85,"source":86,"quote_tag":87,"commentary":9},2773451,"This anemic rise at the end of the third quarter suggests that consumer spending will rise much more slowly in the fourth quarter,",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[88],{"id":89,"tag":90},5749063,{"id":91,"tag_name":92},10570,"consumer",{"id":94,"quote_text":95,"author_id":5,"source_id":17,"has_image":18,"author":96,"source":97,"quote_tag":98,"commentary":9},2773445,"This is taking dollars from Wal-Mart and giving it to Shell. It's shifting the money. It's not increasing inflation.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[99],{"id":100,"tag":101},5749057,{"id":102,"tag_name":103},19196,"dollars",{"id":105,"quote_text":106,"author_id":5,"source_id":17,"has_image":18,"author":107,"source":108,"quote_tag":109,"commentary":9},2773436,"These data continue to suggest that labor market conditions are much more robust that recent payroll employment and help-wanted reports have indicated.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[110],{"id":111,"tag":112},5749049,{"id":113,"tag_name":114},2355,"conditions",{"id":116,"quote_text":117,"author_id":5,"source_id":17,"has_image":18,"author":118,"source":119,"quote_tag":120,"commentary":126},2773427,"Better weather and larger tax refunds are fighting with slow growth in jobs and wage income to determine the strength of consumer spending. Right now, it's about a tie.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[121],{"id":122,"tag":123},5749039,{"id":124,"tag_name":125},290306,"fights-and-fighting","**The Backstory**\nThis quote is attributed to Stephen Wood, an American economist and professor. While I couldn't pinpoint the exact origin, it's likely from a lecture or interview in the late 20th century, a time when the US economy was experiencing slow growth and rising consumer spending. Wood's observation highlights the complexities of economic indicators during this period.\n\n**The Hidden Insight**\nThe quote reveals a subtle yet significant tension between short-term factors (better weather and tax refunds) and long-term structural issues (slow growth in jobs and wage income). This paradox underscores the instability and unpredictability of consumer spending, which is often seen as a key driver of economic growth.\n\n**How to Use This**\nIn today's fast-paced business environment, leaders would do well to recognize this paradox and focus on addressing the underlying structural issues rather than relying solely on short-term stimuli. By prioritizing strategies that promote sustainable job growth and wage increases, professionals can foster a more resilient and consistent consumer market.",{"currentPage":128,"totalPages":129,"totalItems":8,"itemsPerPage":130},1,2,10]