Joel Naroff Quotes

The new home market looks like it is starting to stagger. Bubbles do burst, they really do.

- Joel Naroff

Tags

Market | Starting | Stagger | Bubbles | Burst |

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Consumer confidence is faltering, there is talk of war with Iraq and we have just come through the emotional first anniversary of the September 11th terrorist attacks. August should not have been a good month for retailers, but it sure looks like it was. - Joel Naroff

Manufacturing has been solid and continues to be so. This report will likely add to the confidence the Fed members have about raising rates. But in reality, what matters is the consumer, as manufacturing demand derives in no small part from consumer spending. That is still an issue. - 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