Delos Smith
Delos Smith
aware relief
They're getting nervous. They're getting angry. They have not really done anything about it because they want to see if there's going to be relief for it. But now they're aware of it.
bad christmas country forget material
It's a bad Christmas if you're a retailer. It's not a material Christmas. You can't forget this. I don't think the country can forget it.
answer economic group recovery sleep until wait wants
Does that have economic implications? To me, the answer is yes. In a sense, we have to wait for recovery until this group wants to sleep with each other again.
bargain buying consumers impulse offering talking thinks
Consumers right now are bargain hunters, and that's what Wal-Mart is talking about. If you're offering a bargain and the consumer thinks it will go away, you'll get the consumer to buy, but there is no impulse buying going on.
based consumers fourth july needs nice salary spending starts wage
Consumers had a nice July and August. Unfortunately, they're on their own for the fourth quarter, which starts on Wednesday. Going into 2004, spending is going to be based on wage and salary growth, which needs a boost.
fox hours msnbc people pounding war
A lot of people don't read newspapers, and we don't have 24 hours a day of CNN, MSNBC and Fox just pounding you with war news.
happened last moderate shows steady
When you take a look at what's happened in the last month, you see the same kind of pace?right on down the line. It shows a nice, steady moderate pace, which is what you want.
eat expenses movies normally people theaters
We're going to see people trimming their expenses here and there. They probably will not eat out as much or go to movies as often as they normally would. So restaurants and theaters are also vulnerable.
adjust consumers economic economy economy-and-economics growth mean view
We boosted economic growth in one quarter, but that doesn't mean it's sustainable. We still have a long-range view that the economy is changing, and consumers will have to adjust to it.
build higher housing people starts
Housing starts would be much much higher if they could find the people to build the homes.
The PPI is just perfect. This is just what we wanted.
absolutely pressures price
There are absolutely no price pressures in our system.
concerns darkness parts
There are parts of the world that are in darkness and that concerns me.
consumer defensive nervous uncertain
You do have a defensive consumer. If the consumer is very nervous and uncertain about what is going to be happening, you don't know how they're going to react.