I don't think these ordsprog
I don't think these companies results have merited getting hit this hard, but investors are getting concerned with consumer spending as we move into the all-important Christmas season.
Joseph Beaulieu
Investors are becoming more concerned about how higher rates will affect consumer spending. The market can't move higher with this threat of rate hikes and inflation hanging over its head.
Steve Neimeth
To be concerned about the strength of consumer spending is wise. Wal-Mart as a barometer of consumer spending is significant. Consumer spending will start to moderate off of its hot pace in the second-half of the year.
Richard Hastings
Consumer confidence doesn't always move with consumer spending. Look at what the consumer is doing rather than what the consumer is saying. Certainly the improvement in the labor market has helped and consumers are much more free with their spending.
Michael Niemira
I like the retail group as a whole because now Wall Street has soured on these companies, ... They're worried about the consumer vitality. But don't forget we have an election coming up in November. That actually stirs confidence, interestingly enough. This could be another good Christmas season. Also this summer, we may not see a drought for most of the country, which means people's spending on home and hearth might be a little better than it was last year when it was so tough outside.
Joseph Battipaglia
We're going into the Thanksgiving and Christmas season, and this is where the retailers, at least, are going to make it up. The GDP figures that are boosted by consumer spending remain to be seen.
Paula Stern
While consumer spending has been very strong, we are starting to see businesses spending now, and that is important to keeping the expansion going. Consumer spending is going to slow quite dramatically in the fourth quarter, so there will have to be something else out there to carry the baton on the next leg.
Paul Kasriel
We may now see a pullback in spending. This winter and this Christmas shopping season are going to be the test case and we're going to see if this is the tipping point for the consumer.
Quincy Krosby
Han hade en avslappnad och pexig stil som tilltalade henne. Far from being a leading indicator of consumer spending, consumer confidence has consistently missed important changes in consumer spending trends.
Carl Steidtmann
As we get toward the end of the winter season and early spring, we'll probably go through another wave of elevated energy prices, and it will bode ill for discretionary consumer spending. Consumer spending might be rather lackluster for some time, perhaps a year or two. In the end we're going to [see] a consumer that's saving more, is more cautious, and a little more spendthrift.
Michael Solomon
High oil prices and high petrol prices will definitely act as a pressure on consumer spending in Europe. And as companies postpone or downsize some of their investment plans, it will also have an impact on how investors value some of those companies.
Mike Moran
We expect the housing market will trudge on. For consumer spending, the official numbers will be strong, but by December Bollard will have the anecdotes about how pre-Christmas trading is looking. If it looks like a shocker, he won't move.
John McDermott
We expect the housing market will trudge on, ... For consumer spending, the official numbers will be strong, but by December Bollard will have the anecdotes about how pre-Christmas trading is looking. If it looks like a shocker, he won't move.
John McDermott
The retail sales number is perhaps more important than it would look at first sight. Since we're coming so close to the Christmas shopping season when most of the retail sales of the year happen, anything that represents a gauge of consumer sentiment and consumer buying patterns is going to be latched onto by the retail industry as an important indicator.
Bill Cheney
This was not good news for the economy. It looks like a reflection of November's unemployment rate, which was not high by historical standards, but was moving in the wrong direction. Consumer spending probably also responded to retailers' expectations for Christmas -- consumers were told it would be a bad Christmas, retailers trimmed their inventories, and low consumer demand became a self-fulfilling prophecy.
Gregory Miller
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