34 ordspråk av Richard Curtin

Richard Curtin

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There is a risk consumers will take the president's remarks as an indication that the situation is more serious than expected.

I think their concern will be heightened by the president's affirmation. They will pull back in general on all types of spending.

Anxiety about the war and terrorism is still a factor. There is greater anxiety about energy prices and the possibility of having a colder-than-normal winter.

Declines in gas prices were responsible for the substantial gain, which nearly restored confidence to the levels recorded prior to the spike in gas prices last August.

Consumers judged their current finances much more favorably due to declines in gas prices, and were more likely to anticipate additional financial gains during the year ahead.

Compared with $3 gas, consumers were relieved that gas prices are now closer to $2. Nonetheless, consumers anticipate that gas prices will remain at relatively high levels for the foreseeable future.

We have fewer consumers who have positive views of housing prices of any time since 1982 and fewer consumers who have positive views of interest rates of any time since the last recession.

One of the big stories today is that people are so happy with $2 gas. There is nothing better than a relative price decrease.

The sharp and sudden swing in consumer expectations was due to mounting fears among consumers that weak job growth and global job outsourcing may pose a threat to their future living standards,

Consumers came upon this view (of a slowdown) on their own in late November, when Bush and Cheney were talking about counting votes, not the economy, ... But now to hear it confirmed by such people tends to reinforce the view there is a slowdown. It hasn't helped.

[The survey results mirror those at the University of Michigan, which has seen the steepest fall in confidence ever.] I think their concern will be heightened by the president's affirmation, ... They will pull back in general on all types of spending.

Consumers came upon this view (of a slowdown) on their own in late November, when Bush and Cheney were talking about counting votes, not the economy. But now to hear it confirmed by such people tends to reinforce the view there is a slowdown. It hasn't helped.

The loss in people's sense of personal security was linked to the decline in consumer confidence. Unlike other assessments of economic risks, these fears represent a significant threat to the usual functioning of the economy.

The sharp and sudden swing in consumer expectations was due to mounting fears among consumers that weak job growth and global job outsourcing may pose a threat to their future living standards.

The growth slowdown anticipated by consumers is very mild, but just enough to result in smaller job gains and a somewhat higher unemployment rate during 2006.

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