28 Quotes by Richard Curtin
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- Author Richard Curtin
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There is a risk consumers will take the president's remarks as an indication that the situation is more serious than expected.
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One of the big stories today is that people are so happy with $2 gas. There is nothing better than a relative price decrease.
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If the economy produces jobs at a more rapid rate in the months ahead, these apprehensions of consumers could quickly fade.
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I think their concern will be heightened by the president's affirmation. They will pull back in general on all types of spending.
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Restoring consumer confidence becomes more than just a matter of economic stimulus. A renewal in confidence may also require the restoration of a sense of personal safety among large parts of the population.
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That certainly is part of the issue. People have stakes (in the stock market) have noticed these things. If you get to the top quarter or the top 10 percent, then these consumers have mentioned decline in stock market prices much more often.
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The recent increases in gas prices have thrown a cold blanket on consumers' hopes for additional declines in gas prices.
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We have fewer consumers who have positive views of housing prices of any time since 1982 and fewer consumers who have positive views of interest rates of any time since the last recession.
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Consumers view high gas prices as a threat to their living standards and a threat to the ability of the economy to create new jobs.
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