Certainly this Christmas shopping season is going to make for a lot of very negative headlines. The concern is that this weakness will be a self-reinforcing phenomenon, but the confidence numbers indicate that may not happen.
More Quotes from Lara Rhame:
We are seeing pretty solid export growth. You are starting to see the U.S. benefit from faster growth in Asia and the rest of the world.Lara Rhame
That's one of the reasons the dollar came off at the end of last week, ... and could come off even more on Wednesday, when Greenspan speaks. He could be setting the foundation for a more range-bound trade for this coming quarter.
Lara Rhame
This is a solid (GDP) release and should support the dollar's gains from earlier this morning,
Lara Rhame
I think they'll need to see a lot of job growth, not just one month.
Lara Rhame
What this means is that business leaders are not convinced that strong sales numbers will be maintained on or at the same level.
Lara Rhame
What I call a dollar crisis is when you have a big, negative feedback loop, with international investors spooked purely because of the currency, shedding U.S. assets, which would be more dollar negative, and it would just feed on itself,
Lara Rhame
Readers Who Like This Quotation Also Like:
Based on Topics: Confidence QuotesBased on Keywords: self-reinforcing
When you work with chains or any kind of weapons, or just when you're using hand-to-hand combat, you are going to get hurt.
Lucy Liu
Endure the present, and watch for better things.
Virgil
Although children are only 24 percent of the population, they're 100 percent of our future and we cannot afford to provide any child with a substandard education.
Ed Markey