Now gasoline prices are breaking 3 a gallon. If we stay here or go higher in the fall, that would begin to put the holiday shopping season at risk.
More Quotes from Joel Naroff:
They (consumers) are largely tapped out. When interest rates start to go up, the perception of the economy goes down for average consumers.Joel Naroff
Businesses are toning down their expectations with investment and hiring this year.
Joel Naroff
Not even Mother Nature can slow the housing market.
Joel Naroff
The euphoria over the third quarter will probably be replaced by concern over the fourth quarter. We've begun to transition to more moderate growth, and that's what we'll see the first half of this year. It will be a stepped-down pace, not a collapse.
Joel Naroff
Consumer confidence is faltering, there is talk of war with Iraq and we have just come through the emotional first anniversary of the September 11th terrorist attacks. August should not have been a good month for retailers, but it sure looks like it was.
Joel Naroff
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Based on Topics: Danger & Risk QuotesNot a problem kid or anything like that so when you're in the legal system like that, it's always hard on a person for the first time to go through some things like that.
Leonard Little
The fashion of the world is to avoid cost, and you encounter it.
William Shakespeare
People who keep stiff upper lips find that it's damn hard to smile.
Judith Guest