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Letter "S" » Steven Wood Quotes
«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.»
«The terrorist attacks are going to make a bad situation even worse.»
«Bad economic times don't last forever and the U.S. economy is very vibrant. But at this point that is just pure forecast.»
«Economic activity flattened out at the end of the summer, suggesting that the nascent recovery may have already been aborted.»
«Labor markets are weak and getting weaker.»
«The Sept. 11 terrorist attacks seem to have had little impact on the factory sector so far. However, many industries have already reported further production cuts as demand has waned. A more substantial contraction is expected next month.»
«Industrial activity is contracting across a broad set of industries, reflecting the declines in both consumer and business spending.»
«We are looking for a very dismal report,»
«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.»
«The economy is in recession. The manufacturing recession began more than a year ago. The non-manufacturing recession began more recently. But the contraction has begun.»