Christmas just isn't as important anymore. Americans, especially baby boomers, have started realizing that they don't need more stuff.
Miscellaneous
Quotes, by Carl Steidtmann
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Far from being a leading indicator of consumer spending, consumer confidence has consistently missed important changes in consumer spending trends.
Miscellaneous
Quotes, by Carl Steidtmann
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In Europe, bankruptcy laws are designed to protect creditors. We're a nation founded by debtors, people who were trying to get away from debtors' prison.
Miscellaneous
Quotes, by Carl Steidtmann
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In seven of the last eight election cycles, real consumer spending growth has decelerated in the holiday season in the year following the election. This is the first reason why consumer spending is expected to slow this holiday season.
Miscellaneous
Quotes, by Carl Steidtmann
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The process is slow in happening. The level at which the consumer starts making changes is pretty inelastic, In other words, it takes a high threshold of pain before they start making changes.
Miscellaneous
Quotes, by Carl Steidtmann
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The Japanese economy for the first time in 15 years is getting up off the mat. They've gotten their banking system back in shape. Europe will probably muddle along, but China's growth will still be quite strong.
Miscellaneous
Quotes, by Carl Steidtmann
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At the end of a long economic expansion, consumers tend to be overconfident relative to their spending; raising false hopes about the ability of consumers to continue spending. At the beginning of a recovery, consumers remain in a funk even as they accelerate their pace of spending.
Miscellaneous
Quotes, by Carl Steidtmann
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Continued job and real wage growth is needed to increase a household's pool of cash and to strengthen discount retailers' sales, ... An improved labor market would make consumer spending more self-reinforcing and less dependent on tax and interest rate-related stimulus.
Miscellaneous
Quotes, by Carl Steidtmann
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