The uptrend seen for the past year or so in housing seems to be intact.
More Quotes from Kevin Logan:
If there were a quick resolution to the Iraq confrontation, there would be brief euphoria, but we would come back to basics, which are that companies are not making enough money to meet profit expectations, their balance sheets have a lot of debt, and there's not a lot of room for expansion.Kevin Logan
Consumer spending was really slowing down a lot in August and September. We're entering the fourth quarter on a weak note.
Kevin Logan
In order to maintain growth in consumer spending, we need to have growth in employment and underlying income, ... Without that, we'll see a slowdown in consumption -- which is what I expect to happen.
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
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
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
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