Joel Naroff
Joel Naroff
becoming economy
The economy is becoming a well oiled machine.
consumer drive economy spending
The fundamental economy is still solid, and the things that drive consumer spending are still solid,
affect change economy fine general heading impression minimal shape
The change was minimal and does not affect the general impression that the economy was in fine shape heading into the summer.
ahead collapse decent economy huge moving orders rebound shows
The huge rebound in orders shows that, not only did the economy not collapse in June, but it is actually moving ahead at a decent clip,
apparel general huge increases people stores
The huge increases at apparel and general merchandise stores are eye-opening. You would think people had nothing to do but get to the malls.
cutting households indicate start tells
It doesn't indicate that households are going to dramatically start cutting back spending, but this does tells us that consumption, at least in this quarter, isn't going to be that great,