Scott Hoyt Quotes (13 Quotes)

Low interest rates and rampant house price appreciation have really been driving borrowing. As long-term rates finally start to rise, the pace of debt accumulation will slow.

They're moving away from bank cards and credit cards -- short-term installment debt -- into various forms of mortgage borrowing with lower interest rates and long terms.

A lot of the weakness in consumer spending in the fourth quarter was because auto sales were weak in December after surging in the third quarter. It's important to look beyond auto sales. At least for the first quarter, it's not going to take much for consumer spending to look good.

The last week or two of the season can make or break it.

The surge in building supplies is definitely tied to favorable weather as were increases in restaurant, furniture and department store sales.

Consumer spending is likely to become much more dependent on jobs and confidence by the third quarter, ... If labor markets have not turned, boosting confidence by then, the risk of a significant slowing in consumer spending will be very high.

It just suggests that consumers, particularly lower-end consumers, are going to be more stretched when these loans reset, with potentially negative implications for spending growth.

Year over year, the data shows, this will be the strongest holiday season since 1999. But because consumers have been spending since September, there's not much pent-up demand. Consumers have already spent up demand.

The raises in interest rates will reduce the willingness and ability of consumers to continue their pace of borrowing. This is both directly -- through the cost of debt -- and indirectly -- because it's likely to slow house price appreciation.

People feel rich because of their real estate. If they can meet their wealth accumulation goals just by watching their houses appreciate, why save

We're assuming January was all about the weather.

For lower-income folks who would have financed the purchase anyway, it's saving them money. And for higher-income folks, why not

The purchase will make us stronger in all segments, especially maritime communications.