Consumer confidence follows oil prices quite significantly. The drop in oil prices since the start of the war has had a quick and immediate impact on people's attitudes.
More Quotes from David Resler:
It's the early signs of some cooling in this super-heated market. Fewer people qualify for loans and sales at these prices.David Resler
All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.
David Resler
Overall the 56.7 reading for the ISM index is consistent with (economic) growth in the first quarter running above 5.0 percent.
David Resler
We're at the stage of the business cycle where statisticians can't keep up with rapidly changing developments, especially new businesses. That's where the greatest potential for an upward revision is.
David Resler
It's going to take a lot more than one month to convince me we are in a worrisome trend.
David Resler
People don't seem to be so concerned that they're unwilling to commit future income to such purchases. The fact that people are willing to do that speaks much louder about consumer attitudes than what they tell some survey.
David Resler
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Meister Eckhart
In November 2000, the Republicans stole from America our most precious right of all: the right to free and fair elections... Now President Bush occupies the White House, but with questionable legitimacy.
Cynthia McKinney
The wish for healing has always been half of health.
Lucius Annaeus Seneca