52 ordspråk av Delos Smith

Delos Smith

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Probably Asia's diminishing a little bit. But I don't think that this suggests any kind of bad time or recession coming.

I've been in the business 40 years...almost 40 years. I can tell you the leaks in 40 years and I won't even use all the fingers on one hand.

I see robins and the grass coming up and all kinds of nice signs. But it has to be proven.

It looks nice, [and gives] a little confidence boost that we're coming back. But is it reality? It isn't. We have a sluggish economic system in a lot of trouble.

I'm glad the rest of the world thinks [Tuesday's data are] happy news, but I don't. Two of the indicators - interest-rate spread and money supply - are controlled by the Fed. If we'd used our own [sentiment index], the total index would be down.

It looks like a nice start but it's hard to tell, hard to have a perspective until we start seeing the cash register receipts. It's hard to tell, but it's perfect shopping weather.

Sept.11 is still very much with us. Economics fit into the social system; you change the economic climate when you rip the social climate apart, as [the attacks] did.

Does that have economic implications? To me, the answer is yes. In a sense, we have to wait for recovery until this group wants to sleep with each other again.

There are no longer really state economic systems that can function by themselves. Most of our largest corporations are in every major market in the world. We're intertwined.

It's a bad Christmas if you're a retailer. It's not a material Christmas. You can't forget this. I don't think the country can forget it.

They're doctors. If the patient is fine, they'll do nothing. If they feel the economy has trouble spots, they will try to deal with it, and the medicine is raising interest rates.

The consumer, I think, is healing. There's still a lot of market share out there. I don't think we've drained anything away.

I don't think [credit card debt] is a problem. It won't stop the expansion. It's something we need to look at, but I consider the American people very prosperous.

When it's as low as it was, it takes time to start turning it around. Today's report doesn't mean there's a boom, but it certainly is encouraging.

In May of last year, it was 87.1. In fact, before September, the highest it got was 94. Here it is sitting at [about] 110. That's very encouraging and positive. It's telling us the consumer is comfortable and thinks the economy will continue to look a lot like it is at this moment, and that's not that bad.

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