Housing added solidly to growth last year but don't expect that to be repeated this year.
More Quotes from Joel Naroff:
The confidence of consumers is going to be related more to the issue of terrorism and war than to anything fundamental, ... If things turn, that'll turn confidence, and that'll stop the downslide very quickly.Joel Naroff
We are starting to get early estimates of the impacts of Katrina and they are ugly.
Joel Naroff
The Fed will remain on inflation watch.
Joel Naroff
What it seems to be indicating is that a kind of moderation in the state's economy that we saw in the middle of last year is continuing. When you put these things together we're not seeing a whole lot of job growth.
Joel Naroff
The huge increases at apparel and general merchandise stores are eye-opening. You would think people had nothing to do but get to the malls.
Joel Naroff
Now, if we can get a really good employment growth number on Friday, something I think is a real possibility, even that enigmatic curmudgeon who controls monetary policy might start to lighten up a bit,
Joel Naroff
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