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Letter "J" » Joel Naroff Quotes
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«The fundamental economy is still solid, and the things that drive consumer spending are still solid,»
Author: Joel Naroff
«There are seminal points in economies, and they're reached rarely, ... We reached one in the 1990s, and we will not go back to an economy that bears any resemblance to the one before.»
Author: Joel Naroff
«Right now, [spending] is running at a roughly 1.5 percent pace and may not hit 2 percent for the quarter, ... But with income available, it would be surprising if consumption does not pick up.»
Author: Joel Naroff
«While the rise in core wholesale prices was a bit higher than expected, inflation is not a worry as productivity gains will overwhelm the modest increase in input costs,»
Author: Joel Naroff
«The extent of the drop seems overdone, ... I would not be surprised if home sales rebound, though the days of record sales levels may be behind us.»
Author: Joel Naroff
«With the costs of materials going nowhere, productivity soaring and consumers still buying, producers should be able to fatten their bottom lines,»
Author: Joel Naroff
«The Fed will not shift its bias. Retail sales numbers for August, which they'll have in hand by the time of the meeting, will be pretty solid, so they will be facing essentially the same thing they've been facing for a while now -- the fundamentals are not that bad, but the stock market is,»
Author: Joel Naroff
«They're going to say they're carefully watching the issues in the equity markets and are prepared to act if necessary, but right now the risks remain balanced,»
Author: Joel Naroff
«If people are willing to buy big-ticket items, the message they are sending is that they still have confidence about the future,»
Author: Joel Naroff
«Forget the decline from the June pace. What is important is the level of activity, and that is extraordinarily high, ... This market is showing no sign of weakness. With mortgage rates so low, it is no wonder that people are still out there buying homes. And with demand strong, construction is not going to fail.»
Author: Joel Naroff
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