The prices paid is still way up there, inflation is still running a little hot, enough that the Fed will continue to raise interest rates.
More Quotes from Mark Vitner:
It (consumer sentiment) was a little higher than expected, but the stock market has come back, gasoline prices have come down, and the weather has been beautiful and that has to affect consumers somewhat.Mark Vitner
Overall supply and demand are moving into much better balance. With that, we're likely to see far less price appreciation than we saw in 2005.
Mark Vitner
The same thing that has attracted retirees over the years is still there the weather. You can do more things for a greater portion of the year.
Mark Vitner
With so many folks sensing that interest rates were rising, we probably had some sales pulled from April into March,
Mark Vitner
I think it's going to be a bad month for retailers. The news was so horrific coming out of New Orleans that it made people not feel like going out to dinner.
Mark Vitner
Normally, economists downplay periodic swings in energy prices, ... However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
Mark Vitner
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Wherever art appears, life disappears.
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