Joel Naroff
Joel Naroff
acted activity carry downward economic economy looked production saw spiral wanting
Manufacturers are not fools, and they looked out over the economy and saw that economic activity had slowed dramatically, ... Not wanting to carry inventories, they slashed production and workers. They acted correctly, but the downward spiral has been set in motion.
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.
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.