For the last few months or so sales seem to have flattened out. This may be the beginning of a sideways movement. The rise in short-term interest rates and higher prices tend to slow down the turnover of houses.
More Quotes from Kevin Logan:
This is more of a contemporaneous indicator -- if business picks up and firms find they need to stock more inventory, we will see lending pick up,Kevin Logan
They've changed their risk assessment that's a subtle shift, but it is a shift. If you believe that inflation pressures will mount, they're closer to, rather than further from, a policy move.
Kevin Logan
Seven percent is not an unreasonable estimate for GDP growth. Retail sales were strong, especially with the revisions. Consumer spending possibly grew 12 percent at an annual rate. That's really charging right along.
Kevin Logan
What it suggests is that the pace of growth, although pretty robust, is likely to slow a bit going forward.
Kevin Logan
They haven't changed (their bias). The weakness in corporate profits is a problem, and investment continues to decline.
Kevin Logan
It's going to bother consumers. When you look at consumer confidence over time, the main things that affect it are employment and income but there are other events that can affect confidence, if only temporarily, and war is clearly one of them.
Kevin Logan
Readers Who Like This Quotation Also Like:
I can only say that whatever my life and work have been, I'm not envious of anyone-and this is my biggest satisfaction.Roman Polanski
For most people, we often marvel at the beauty of a sunrise or the magnificence of a full moon, but it is impossible to fathom the magnitude of the universe that surrounds us.
Richard H. Baker
The heart, like the stomach, wants a varied diet.
Gustave Flaubert