More and more retailers are feeding on a smaller consumer pie, and many are going away hungry, ... What Wall Street Wants from the Retail Industry.
More Quotes from Diane Swonk:
We've got the strongest overall profit performance in 30 years, and these are real profits, not the fake ones we saw in the late 1990s.Diane Swonk
Not only are retailers doing more with less, like every other large corporation, and taking advantage of six fewer days in the shopping season, but they are actually hiring less this holiday shopping season, so there's fewer people on the floors actually helping consumers out.
Diane Swonk
What the Fed told us today is, we don't think we are done yet and we are not sure when we will be done.
Diane Swonk
This is a very unusual recession in that the consumer did not collapse and incomes are in the black,
Diane Swonk
He's certainly opened the door to another rate cut.
Diane Swonk
He'd like to bring in inflation targeting. (But) he must build consensus to do so and he doesn't have consensus now. I think he's going to make a smooth transition, but it's going to be an evolution in policy change.
Diane Swonk
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