Richard Yamarone
Richard Yamarone
consumer continue employment influence labor movement recovery sideways simply single throughout
We're going to continue to see this throughout 2004, this sideways movement in consumer confidence, simply because we're going to see a very choppy recovery in the labor market, and employment is the single most important influence on consumer attitudes.
confidence consumer continue data economic economy gave ground near proved remains sure
We gave back some ground because the data proved that the economic slowdown isn't necessarily a sure thing, ... If consumer confidence remains at near all-time highs, the economy will continue to expand.
coming conditions consumers spending storm
With job-market conditions being what they are, I don't see how consumers will be out there spending up a storm in coming months,
consumers energy high prices pulling time
I don't think these high energy prices are going away any time soon. Consumers are pulling back.
bowl consumers partying percent punch status
Consumers are partying like it's 1999, ... They are celebrating their full-employment status and they are spending. The punch bowl is only spiked with 1-1/2 percent inflation, which isn't anything.
confidence consumers cover grand knocking striking
Consumers aren't knocking the cover off the ball. Their confidence isn't a grand slam, but they aren't striking out, either.
beginning prolonged
I think it's the beginning of a prolonged slowdown, but not a recession.
fed hike intent october rate rule
I think for all intent and purposes, you really have to rule out a Fed rate hike on October 5,
caution coming creation diminished economic entire growth guns job month since stellar stick street trend
We caution investors; one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.
companies hiring holiday last less retailers
Retailers and construction companies just weren't hiring last month. Retailers did less hiring this holiday season.
fed looking raises rates until
Looking at where we are right now, I don't think the Fed raises rates until 2005.
argument backing days knew later nine ridiculous venezuela willing
The argument is that Venezuela is not willing or they're not going to be able to (comply with the cuts). Here it is eight, nine days later and they're already backing out. We knew it wasn't going to last, but this is a little on the ridiculous side.
complaints-and-complaining entered passed stage
We've passed the complaining stage and entered the actionable phase.
above bare business corporate decision forward hesitant necessity number
There are a number of things weighing heavily on corporate decision making. They're hesitant to go forward with anything above the bare necessity to keep their business profitable.