Delos Smith
Delos Smith
job people promises seeing though
People are seeing we're not getting job growth, even though there have been a lot of promises of it. That's the key; for people to be satisfied, you have to have job growth.
eat expenses movies normally people theaters
We're going to see people trimming their expenses here and there. They probably will not eat out as much or go to movies as often as they normally would. So restaurants and theaters are also vulnerable.
corporate equity greed lack market people
Corporate scandals, equity market problems, a lack of transparency, a lot of greed -- it was not just the Dow falling, it was all of these things that make people very, very nervous.
fox hours msnbc people pounding war
A lot of people don't read newspapers, and we don't have 24 hours a day of CNN, MSNBC and Fox just pounding you with war news.
behind cautious people relaxed report saying suggest troubles
You don't want people to be cautious if you want them to buy. You want them relaxed and saying their troubles are behind them. This (employment) report doesn't suggest that.
buy consumer consumers current everybody involved people pleasure
You want the consumer buoyant. Most consumers are not current-events oriented. When you get everybody involved in current events, when they usually are not, then people are not going to go out and buy things just for pleasure of it.
build higher housing people starts
Housing starts would be much much higher if they could find the people to build the homes.
creating hard nervous people relaxed
This is a very nervous country. How much it's going to dampen the economy, I don't know, but it's hard to see people relaxed and creating a boom.
biggest empty market people
It's the biggest market we have, because people don't live in empty houses.
consumers kept retailers
I think consumers are more cautious, and I think the retailers have kept inventories well under control.
extremely june numbers weakness weather
June numbers were extremely strong, which suggests May's weakness really was the weather -- that it was not just an excuse.
certainly consumer effect gas mean negative numbers prices retail sales seen weekly
We haven't yet seen the negative effect of gas prices on consumer spending. It's certainly not here in these numbers. That doesn't mean it's not there. Certainly the weekly retail sales numbers have been sluggish.
certainly low mean report start takes time turning
When it's as low as it was, it takes time to start turning it around. Today's report doesn't mean there's a boom, but it certainly is encouraging.
absolutely pressures price
There are absolutely no price pressures in our system.