If housing and stock prices go down, people will respond by increasing the flow of savings. If they have to save more to meet retirement objectives, then they'll have to cut down on consumption.
More Quotes from Brian Bethune:
In terms of economic growth, the fundamentals are clearly on the side of the U.S.. We don't think there's going to be a lot of additional momentum, but even if (the dollar) treads water, it's still going to be an attractive investment.Brian Bethune
The Fed has been kind of on autopilot here for quite a while, ... Now all of a sudden they're going to have to start doing some work. I don't think a robotic response is appropriate here.
Brian Bethune
With the expansion projected to accelerate in the third quarter and inflation projected to be contained, the Fed is expected to 'play the same tune' and 'dance the same step' into early 2006.
Brian Bethune
Business investment is going to be one of the principal drivers of growth in 2006. The consumer will still be there ... (but) certainly won't be as ebullient as the last four years.
Brian Bethune
Further gains in employment combined with better levels for consumer confidence overall are setting the stage for very solid consumption gains in the first quarter of 2006.
Brian Bethune
We're definitely going to see a very strong first quarter. It looked like consumers were hibernating in December, and all they needed was an excuse to go on a spending spree. The weather provided that.
Brian Bethune
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King Farouk
Sometimes you're in great demand. Then suddenly your career hits the breaks.
Gary Sinise
An idealist believes the short run doesn't count. A cynic believes the long run doesn't matter. A realist believes that what is done or left undone in the short run determines the long run.
Sydney J. Harris