Delos Smith Quotes

When it's as low as it was, it takes time to start turning it around. Today's report doesn't mean there's a boom, but it certainly is encouraging.

- Delos Smith

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Takes | Time | Start | Turning | Report |

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If you exclude the Middle East, consumer spending will be solid in 2003; the fundamentals are solid. But the Middle East does change [the picture]. When you start moving [troops] to the Middle East, that's scary. People react to that, and businesses do, too. - Delos Smith

I'm glad the rest of the world thinks [Tuesday's data are] happy news, but I don't. Two of the indicators - interest-rate spread and money supply - are controlled by the Fed. If we'd used our own [sentiment index], the total index would be down. - Delos Smith

You don't want people to be cautious if you want them to buy. You want them relaxed and saying their troubles are behind them. This (employment) report doesn't suggest that. - Delos Smith