Consumer spending had been in decline before this awful tragedy happened. Now comes this additional damper, ... Considering we are living in state of shock, sorrow and sadness, we really can't expect people to just go out on wild shopping binges.
More Quotes from Kurt Barnard:
Generally speaking, consumers like the opportunity of being put face to face with newness. They know they don't have to buy now.Kurt Barnard
What Sept. 11 has done to the economy is to accelerate, hasten and deepen the decline, but the decline existed before. The attack gave it the extra push in terms of retail sales. If you don't have a paycheck coming in, it doesn't matter how much cost of gasoline has gone down.
Kurt Barnard
This trend is going to be with us for the foreseeable future. Growth will continue and will be very strong, but it will be more moderate than it was last year, ... Make no mistake about it - this growth will continue. Consumer spending will continue to grow, but it's not going to suddenly stop or go back. It will continue at a more reasonable pace.
Kurt Barnard
His capture is extremely meaningful for Iraq and the Arab world, but as far as the U. S. consumer is concerned, it doesn't mean much.
Kurt Barnard
They were tepid. They give clear indication that Americans are far from ready to go on buying binges,
Kurt Barnard
It is a coming back down to earth. About two or three months ago, the world was swept up by the notion that the economic recession is over and the good times are rolling again. That meant consumers would be knocking down the doors of retailers the way they did a few years ago. But guess what It ain't happening.
Kurt Barnard
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