Mark Vitner
Mark Vitner
above below came gas higher huge interest knock market number prices rates relief rising sign
There was a huge sign of relief when the number came in above 100, and that's why the market rallied, ... There was a thought that the combination of rising interest rates and higher gas prices would knock it below 100.
behind confidence consumer effects expect further gas higher holiday jump katrina lead prices season shopping
We expect a big jump in consumer confidence now that the effects of Katrina and higher gas prices are further behind us. Higher confidence will lead to a better-than-expected holiday shopping season as well.
beer cars consumers core dollars fewer gasoline helping higher left money move net order prices result seems spent
While it seems counterintuitive, higher gasoline prices are actually helping restrain core inflation, ... With more money being spent for gasoline, consumers have fewer dollars left for discretionary purchases. The net result is that firms are slashing prices on everything from cars to beer in order to move product.
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It (consumer sentiment) was a little higher than expected, but the stock market has come back, gasoline prices have come down, and the weather has been beautiful and that has to affect consumers somewhat.
earlier gas prices rise usual
I think we'll see gas prices rise earlier than usual and faster.
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High gasoline prices gradually eat away at income. The effect isn't felt all at once. We have seen consumers change their behavior in recent months and there should be further changes if prices stay at these levels.
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I don't know if the gas prices and interest rates will knock consumer confidence down in coming months, ... I think they're more likely to hold it where it is now, which is good, but not great.
fairly healthy home level percent sales year
When all is said and done, we should still have a fairly healthy level of new home sales this year -- probably up 4 to 5 percent for the year.
attracted greater portion
The same thing that has attracted retirees over the years is still there: the weather. You can do more things for a greater portion of the year.
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The state is expected to gain 150,000 new residents this year, with two-thirds of the adults likely coming from other states for job opportunities.
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It would create an awful mess in Florida, where the labor market is tight by any definition.
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Anecdotal evidence and common sense suggests that core inflation has not been anywhere near this tame.
cause damage flood insurance lack likely recovery tend
Flood damage does not tend to be as insured. The lack of insurance is likely to cause the recovery to be delayed,
serious view
We do not view this as anything more serious than a much-needed correction.