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Topic - Ted Wieseman
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"The highest reasonable estimate for the weather impact in the first quarter wouldn't be near as large as -2.9 percentage points, so there was clearly more going on," said Ted Wieseman, economist at Morgan Stanley.
"In particular, it looks in retrospect like the adds from inventories and trade in the second half of last year were substantially overstated, and that was corrected in a big way in the first quarter," he said.