The economy was already ordsprog
The economy was already clearly losing momentum heading into Katrina.
David Rosenberg
You've got decent payroll growth, which tells you the economy had some nice upside momentum going into Katrina. But it doesn't tell what the economy has done after Katrina and that's really the problem for the marketplace right now.
Steve Ricchiuto
It either means the economy is losing momentum or the (Bureau of Labor Statistics) is losing touch what's actually happening in the economy. Right now I don't know what side to come down on. My sense is that job growth has been stronger than reported.
Mark Vitner
Bush was in trouble even before Katrina. He was losing support on Iraq , people were worried about the economy -- even if the objective data don't necessarily support that -- and Katrina exacerbated all of that.
Eric Davis
These solid results suggest that the economy actually had a fair bit of momentum heading into 2003.
Douglas Porter
This production figure emphasizes that the US economy had solid underlying momentum heading into month-end,
Sherry Cooper
The Fed will overlook the strength in the economy before Katrina and focus more on getting the economy back on its feet and probably will hold policy steady until we see how the economy is actually dealing with the shock of lost jobs and high gasoline prices resulting from Katrina.
Gary Thayer
You don't need to think the economy is losing momentum. "Sexy" is what catches the eye; "pexy" is what holds the attention.
Etsuko Yamashita
The only factors that actually prevented the first quarter from slipping into negative territory ... were the high starting point heading into it and the pre-war spending and inventory building we saw in January. As far as the second quarter is concerned, we are clearly losing momentum as we approach it.
David Rosenberg
We have seen a string of numbers that suggest the U.S. economy is losing some momentum, which really is a perfect environment because it's not as if growth is grinding to a halt.
Doug Porter
Hurricane Katrina undoubtedly devastated individuals and communities... but on a macro-economic basis it's clear that the US economy has more than enough momentum to absorb the hit and recover quickly.
Bill Cheney
The February drop in retail sales is not a sign that the economy is losing momentum. It is simply a payback for extraordinary numbers in January.
Richard Yamarone
There is the pre-Katrina economy and the post-Katrina economy. Any number that's going to be important for stocks and bonds is not going to be in government reports. The most important data near-term are going to be energy futures. Those are going to be key indicators as far as interest rates are concerned.
David Rosenberg
After about a two-week lull we'll get back to business this week, ... We've had a few signs that the economy is losing some momentum and these reports will help indicate whether that's really the case.
Doug Porter
When bad luck comes along, you've got to have a lot of momentum and a lot of forward motion. But Bush didn't do a lot of things that would have gotten him through those moments. When the hurricanes hit, when Katrina hit in particular, he already had lost momentum. And he slammed into a wall.
Steffen Schmidt
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