Delos Smith
Delos Smith
economic function largest longer major market state systems
There are no longer really state economic systems that can function by themselves. Most of our largest corporations are in every major market in the world. We're intertwined.
cnn longer mood retail suspense
As long as suspense lingers, you will have a longer CNN effect. That's not what you want -- mood is very important for the retail world.
coming grass kinds nice
I see robins and the grass coming up and all kinds of nice signs. But it has to be proven.
business fingers leaks
I've been in the business 40 years...almost 40 years. I can tell you the leaks in 40 years and I won't even use all the fingers on one hand.
ends key whether
The whole key is whether or not (a war) ends quickly.
bad recession time
Probably Asia's diminishing a little bit. But I don't think that this suggests any kind of bad time or recession coming.
besides companies cultural india interested political retailers ultimately understand western
Besides the political issues, retailers interested in India have to understand the cultural differences and sensitivities. Ultimately India's still a very complicated world for Western companies to understand.
corporate equity greed lack market people
Corporate scandals, equity market problems, a lack of transparency, a lot of greed -- it was not just the Dow falling, it was all of these things that make people very, very nervous.
certainly consumer effect gas mean negative numbers prices retail sales seen weekly
We haven't yet seen the negative effect of gas prices on consumer spending. It's certainly not here in these numbers. That doesn't mean it's not there. Certainly the weekly retail sales numbers have been sluggish.
certainly low mean report start takes time turning
When it's as low as it was, it takes time to start turning it around. Today's report doesn't mean there's a boom, but it certainly is encouraging.
extremely june numbers weakness weather
June numbers were extremely strong, which suggests May's weakness really was the weather -- that it was not just an excuse.
The PPI is just perfect. This is just what we wanted.
absolutely pressures price
There are absolutely no price pressures in our system.
biggest empty market people
It's the biggest market we have, because people don't live in empty houses.