Delos Smith
Delos Smith
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.
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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.
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You don't want people to be cautious if you want them to buy. You want them relaxed and saying their troubles are behind them. This (employment) report doesn't suggest that.
gasoline higher impact prices
This is not a very pretty picture. The higher gasoline prices had more of an impact that most had expected.
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Probably Asia's diminishing a little bit. But I don't think that this suggests any kind of bad time or recession coming.
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I see robins and the grass coming up and all kinds of nice signs. But it has to be proven.
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You want the consumer buoyant. Most consumers are not current-events oriented. When you get everybody involved in current events, when they usually are not, then people are not going to go out and buy things just for pleasure of it.
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The economy is generally chugging along. From the consumers' perspective, jobs remain an important issue. Consumers will also be keeping an eye on gas prices and what happening on the global front in terms of terrorism.
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The economy's long-range future is excellent, and we have a lot of things going for us. But we're waiting for the water to boil, and you can get very flustered if you watch water boil.
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The current average price of $1.90 a gallon is still about 40 cents higher than the level a year ago. So the effect of higher prices will be felt for some time.
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The uncertainty is there. It's dissipated, but it's just below the surface and can be rekindled. It plays a part in an economy full of very nervous people.
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The five percent drop is shocking. It indicates that perhaps the consumer tax rebate stimulus that benefited retailers during the back-to-school season has petered out.