As interest rates go up, people are going to find it more loath to take out home-equity lines of credit. Consumers are not going to feel as anxious to tap into their home values.
More Quotes from Rosalind Wells:
Everyone's increases will look a little more modest, but they will still outperform the average. We're looking at a slowing of consumer spending, nothing dire, not a recession.Rosalind Wells
As employment expands and wages and salaries firm, a broader spectrum of consumers will be in better financial shape, which should help lift sales more evenly across the board.
Rosalind Wells
Since the terrorist attacks are so fresh and our country's response is not yet known, it is premature to make definitive judgments about the economy. We can only speculate based upon what we think the administration will do and how consumers will respond.
Rosalind Wells
The housing market is topping out, and the savings rate is negative right now, so there aren't a lot of places for consumers to find extra spending money.
Rosalind Wells
Although consumer spending has been inconsistent in recent months, we expect the holiday season to bring more stability to the industry.
Rosalind Wells
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Based on Topics: People QuotesBased on Keywords: home-equity, loath
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