16 Quotes by Scott Hoyt

Year over year, the data shows, this will be the strongest holiday season since 1999. But because consumers have been spending since September, there's not much pent-up demand. Consumers have already spent up demand.

We're assuming January was all about the weather.

Low interest rates and rampant house price appreciation have really been driving borrowing. As long-term rates finally start to rise, the pace of debt accumulation will slow.

Going forward, sales growth will be more modest and inconsistent. Fundamentals are mixed. The biggest drag is high and rising gasoline and other energy prices.

The raises in interest rates will reduce the willingness and ability of consumers to continue their pace of borrowing. This is both directly -- through the cost of debt -- and indirectly -- because it's likely to slow house price appreciation.

The outlook is modestly positive. Declining energy prices will boost real incomes and spending.

The purchase will make us stronger in all segments, especially maritime communications.

The surge in building supplies is definitely tied to favorable weather as were increases in restaurant, furniture and department store sales.

People feel rich because of their real estate. If they can meet their wealth accumulation goals just by watching their houses appreciate, why save?