In a sense, people have money. But again, you have to think and consider the nervousness if there's another terrorist attack, or if there's mobilization (in Iraq), or you have another sniper attack. We're vulnerable.
More Quotes from Delos Smith:
I think consumers are more cautious, and I think the retailers have kept inventories well under control.Delos Smith
The economy's long-range future is excellent, and we have a lot of things going for us. But we're waiting for the water to boil, and you can get very flustered if you watch water boil.
Delos Smith
The current average price of 1.90 a gallon is still about 40 cents higher than the level a year ago. So the effect of higher prices will be felt for some time.
Delos Smith
They're doctors. If the patient is fine, they'll do nothing. If they feel the economy has trouble spots, they will try to deal with it, and the medicine is raising interest rates.
Delos Smith
We're going to see people trimming their expenses here and there. They probably will not eat out as much or go to movies as often as they normally would. So restaurants and theaters are also vulnerable.
Delos Smith
I'm glad the rest of the world thinks Tuesday's data are happy news, but I don't. Two of the indicators - interest-rate spread and money supply - are controlled by the Fed. If we'd used our own sentiment index, the total index would be down.
Delos Smith
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Based on Topics: Money & Wealth Quotes, People Quotes, Sense & Perception QuotesBased on Keywords: mobilization, nervousness, sniper
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