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Letter "J" » Joel Naroff Quotes
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«If the markets continue to firm in September and confidence does rebound, then we will have dodged the bullet, ... But the failure of confidence to remain at least near July's levels raises some questions as to the true condition of the economy.»
Author: Joel Naroff
«The huge rebound in orders shows that, not only did the economy not collapse in June, but it is actually moving ahead at a decent clip,»
Author: Joel Naroff
«The data for the second quarter seem to point to a solid rebound in growth, ... That should generate improvement in profits, and hopefully the available funds will be spent on investment.»
Author: Joel Naroff
«Despite the faltering confidence numbers, consumption remains strong, and that is all that really matters,»
Author: Joel Naroff
«Next week's jobs report will be key to the income data and need to be watched as much for that reason as for the unemployment rate and job growth, ... Another month of weakness in the hours worked and wages data would be worrisome.»
Author: Joel Naroff
«This is somewhat consistent with the view at their last meeting that things were slow, ... They're sending the word that they're still worried about weakness and that their bias is going to stay there.»
Author: Joel Naroff
«Consumer confidence is faltering, there is talk of war with Iraq and we have just come through the emotional first anniversary of the September 11th terrorist attacks. August should not have been a good month for retailers, but it sure looks like it was.»
Author: Joel Naroff
«You need to help the cash flow to businesses, just to make them a little better off.»
Author: Joel Naroff
«Firms should be experiencing significant easing in cost pressures as the weak commodity prices are adding to the strong productivity gains, which are keeping labor costs down. Now if demand would only pick up a bit, the earnings would go right to the bottom line.»
Author: Joel Naroff
«We need to get [the Iraq] issue behind us before the economy can start hitting its stride.»
Author: Joel Naroff
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