Joel Naroff
Joel Naroff
causing high house people prices pull question turned twice
Some people are being turned off by the high house prices and they just can't pull the trigger. Without question that's causing some people to think twice about buying.
confidence despite remains
Despite the faltering confidence numbers, consumption remains strong, and that is all that really matters,
air bubbles collapse country far likely losing plenty rapidly
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.
behind days drop extent home levels record sales seems surprised though
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.
condition confidence continue failure firm levels markets near questions raises remain september true
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.
buy confidence message people sending willing
If people are willing to buy big-ticket items, the message they are sending is that they still have confidence about the future,
cause housing key major rates risen sector supposed
Housing is the one key sector that is supposed to be interest-rate sensitive, but at least so far, rates have not risen enough to cause a major retrenchment.
cannot conclude consumers few given previous spent touch weather
Consumers may have throttled back a touch in February, but given the weather and all they had spent the previous few months, we cannot conclude that consumption is faltering.
housing mother nature slow
Not even Mother Nature can slow the housing market.
across building pressures
Slowly, but inexorably, inflationary pressures are building across the economy.
act carefully equity issues markets prepared remain risks watching
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,
consumer drive economy spending
The fundamental economy is still solid, and the things that drive consumer spending are still solid,
affect change economy fine general heading impression minimal shape
The change was minimal and does not affect the general impression that the economy was in fine shape heading into the summer.
ahead collapse decent economy huge moving orders rebound shows
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,