It looks like a nice start but it's hard to tell, hard to have a perspective until we start seeing the cash register receipts. It's hard to tell, but it's perfect shopping weather.
More Quotes from 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
You want the consumer buoyant. Most consumers are not current-events oriented. When you get everybody involved in current events, when they usually are not, then people are not going to go out and buy things just for pleasure of it.
Delos Smith
When it's as low as it was, it takes time to start turning it around. Today's report doesn't mean there's a boom, but it certainly is encouraging.
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
This is a very nervous country. How much it's going to dampen the economy, I don't know, but it's hard to see people relaxed and creating a boom.
Delos Smith
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