Quotations
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Joel Naroff Quotes
«There has to be some worry on the part of retailers. They may be required to cut prices sooner and steeper than normal.»
Author: Joel Naroff
«When the heating bills hit, retail activity could become problematic. We are setting up for a slow fourth quarter.»
Author: Joel Naroff
«Manufacturing has been solid and continues to be so. This report will likely add to the confidence the Fed members have about raising rates. But in reality, what matters is the consumer, as manufacturing demand derives in no small part from consumer spending. That is still an issue.»
Author: Joel Naroff
«The consumer is spending money, but not at any great pace. We still are looking at a sluggish fourth quarter for consumption.»
Author: Joel Naroff
«As usual, the headline number hides the true facts. Outside energy, there was little relief for the already burdened consumer.»
Author: Joel Naroff
«Energy costs are off but still high and everywhere else prices are rising. Inflation is not out of control, but it is not tame either.»
Author: Joel Naroff
«It seems to be indicating more and more that inflation is becoming slightly more broad-based. It's more than just an energy story.»
Author: Joel Naroff
«There are plenty of bubbles around the country that are losing air rapidly and more are likely to follow. But so far there is no generalized collapse in the market.»
Author: Joel Naroff
«Given that real spending fell in August and September and was flat in October, the November increase is not something to get too excited about.»
Author: Joel Naroff
«That holds out hope that production can be maintained.»
Author: Joel Naroff