What this means is that business leaders are not convinced that strong sales numbers will be maintained on or at the same level.
More Quotes from Lara Rhame:
I still don't expect a double dip into recession, and I don't think the consumer will turn around and stop spending, but I do take that confidence number very seriously.Lara Rhame
That's one of the reasons the dollar came off at the end of last week, ... and could come off even more on Wednesday, when Greenspan speaks. He could be setting the foundation for a more range-bound trade for this coming quarter.
Lara Rhame
This was a pretty positive number, with solid increases in output of business equipment and consumer goods.
Lara Rhame
Europeans' cries are falling on deaf ears, ... Their wish that the euro not bear the burden of readjustment will not make it into the G7 statement.
Lara Rhame
I don't see future hiring robust enough to alleviate a lot of concern on the part of consumers. We've stopped shedding jobs, but over the next two quarters, we won't see very much job growth.
Lara Rhame
You can really think of productivity as magic fairy dust to sprinkle over growth to allow growth without inflation. That's really the way the Fed sees it.
Lara Rhame
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