Given the sharp falloff in vehicle sales, the modest decline in overall spending was actually very good news,
More Quotes from Joel Naroff:
There is no inflation, unless you drive a vehicle, heat your home, use medical services, have a child in college, use cable, insure anything or smoke.Joel Naroff
In spite of the good current news, there remains a fair amount of caution.
Joel Naroff
Any way you cut it, inflation was not well contained in March.
Joel Naroff
Whatever impacts Katrina had in September were wiped out in October and the nation's service and construction industries are moving ahead smartly,
Joel Naroff
We still are looking at sluggish fourth quarter for consumption that should restrain GDP growth sharply. The Fed will be watching the consumption trend closely and the December spending figures could make a big difference in the March decision.
Joel Naroff
The report was surprisingly weak and highlights the reality that, until forced to do so by ever-increasing demand, firms will not commit to new workers,
Joel Naroff
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