34 Quotes by Joel Naroff

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.

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.

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,

The huge increases at apparel and general merchandise stores are eye-opening. You would think people had nothing to do but get to the malls.

The economy is becoming a well oiled machine.

The fundamental economy is still solid, and the things that drive consumer spending are still solid,

The change was minimal and does not affect the general impression that the economy was in fine shape heading into the summer.