Everybody's seeing the loss of the income and people are spending cautiously wherever they can.
More Quotes from Dana Johnson:
People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.Dana Johnson
I was really encouraged to see the rebound in activity in June and July. The local economy looks much healthier this summer than it did this past spring. However, a clear up-trend is not yet in place and probably will be slow to develop given the punishing level of energy prices and the prospect of more consolidation in the auto industry.
Dana Johnson
I expected our index to tick lower in March, as the effects from the Super Bowl and mild winter weather faded. Looking ahead, our index probably will settle into a lower range, as the local economy struggles to overcome restructuring in the auto sector, higher interest rates, and elevated gasoline prices.
Dana Johnson
I guess I'm not surprised the unions are unhappy with the adjustments they are being asked to make, and I am not surprised they banded together to try to get a better deal,
Dana Johnson
I think it's important to recognize that inflation is where the Fed wants (it) to be. They don't want to overshoot. I think they will pause real soon.
Dana Johnson
I told him that I love him, that he was going to be in peace, that his mother was waiting for him,
Dana Johnson
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