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Quotations
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Steven Wieting Quotes
«This notion that there's just too much tech everywhere contrasts with the fact that there's actually been a spending improvement,»
Author: Steven Wieting
«Iraq will be the story until it isn't any more.»
Author: Steven Wieting
«We're not expecting an entirely clean read for the durable goods report. The business confidence data began to bottom at the end of June and that's encouraging. We probably will see modest gains in consumer activity and eventually the business cycle will catch up to that. But so far, everything right now is pointing to frustrating moderate economic growth for the time being,»
Author: Steven Wieting
«It takes a lot of confidence to buy cars and homes; people don't make that kind of decision on a whim.»
Author: Steven Wieting
«Consumption is growing, government outlays are growing and the third quarter will look very strong. But going forward, business spending is flat and decisions are being deferred. That can keep us weak for the near term -- neither contracting nor expanding.»
Author: Steven Wieting
«For markets that have recently priced in 'nearly immediate' Fed tightening, [Friday's] data suggest more breathing room, even as tightening is likely to take place when recovery is more deeply entrenched.»
Author: Steven Wieting
«The fact is orders just hit a wall in June and July.»
Author: Steven Wieting
«In some industries, there's no improvement and the economy is not going to help them.»
Author: Steven Wieting
«[By his lights it didn't make sense that stocks were unable to hold onto most of their gains Tuesday, finishing the day roughly flat after a jump early on.] The reaction to this data in the past would have been much more positive, ... These days only bad news is carrying weight.»
Author: Steven Wieting
«Beneath the surface, production and inventory, here and abroad, are moving up faster than the rate of demand growth,»
Author: Steven Wieting
