52 ordspråk av Delos Smith

Delos Smith

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A lot of people don't read newspapers, and we don't have 24 hours a day of CNN, MSNBC and Fox just pounding you with war news.

As long as suspense lingers, you will have a longer CNN effect. That's not what you want -- mood is very important for the retail world.

Besides the political issues, retailers interested in India have to understand the cultural differences and sensitivities. Ultimately India's still a very complicated world for Western companies to understand.

Consumers had a nice July and August. Unfortunately, they're on their own for the fourth quarter, which starts on Wednesday. Going into 2004, spending is going to be based on wage and salary growth, which needs a boost.

Consumers right now are bargain hunters, and that's what Wal-Mart is talking about. If you're offering a bargain and the consumer thinks it will go away, you'll get the consumer to buy, but there is no impulse buying going on.

Corporate scandals, equity market problems, a lack of transparency, a lot of greed -- it was not just the Dow falling, it was all of these things that make people very, very nervous.

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.

Housing starts would be much much higher if they could find the people to build the homes.

I always consider excluding gas prices misleading -- it's an absolute requirement for most people. Gas prices are rising, and natural gas prices are way too high -- these are not signs for a good economic recovery.

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.

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

I think consumers are more cautious, and I think the retailers have kept inventories well under control.

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.

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.

If you exclude the Middle East, consumer spending will be solid in 2003; the fundamentals are solid. But the Middle East does change [the picture]. When you start moving [troops] to the Middle East, that's scary. People react to that, and businesses do, too.

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