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.
More Quotes from Delos Smith:
You want the consumer buoyant. Most consumers are not current-events oriented. When you get everybody involved in current events, when they usually are not, then people are not going to go out and buy things just for pleasure of it.Delos Smith
In a sense, people have money. But again, you have to think and consider the nervousness if there's another terrorist attack, or if there's mobilization (in Iraq), or you have another sniper attack. We're vulnerable.
Delos Smith
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.
Delos Smith
I think consumers are more cautious, and I think the retailers have kept inventories well under control.
Delos Smith
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.
Delos Smith
It was quite sensational. But any time we get numbers this big, you've got to be suspicious. The monthly report was good but Tuesday's weekly chain store sales reports showed some weakness. Let's see what happens in April.
Delos Smith
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