Okay, mild weather helped, but let's get real. People don't go out and buy houses if they are worried about the future, even if mortgage rates are fairly low and the sun is shining brightly.
More Quotes from Joel Naroff:
Consumers may have throttled back a touch in February, but given the weather and all they had spent the previous few months, we cannot conclude that consumption is faltering.Joel Naroff
Manufacturing seems to be accelerating into the potential war situation, and that is a positive signal that this time the recovery will be long-lasting.
Joel Naroff
Because it was such a big change, out of the blue, my caution is just to say, let's wait a second, ... Maybe we should sit back, digest this number and see what comes of it.
Joel Naroff
Businesses are toning down their expectations with investment and hiring this year.
Joel Naroff
The rate increases will start off slowly, but if inflation keeps accelerating, all bets are off afterward.
Joel Naroff
With consumers spending a little less and business investment likely to slow, that will translate to a bit slower growth for factories.
Joel Naroff
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