Carl Steidtmann Quotes

Far from being a leading indicator of consumer spending, consumer confidence has consistently missed important changes in consumer spending trends.

- Carl Steidtmann

Tags

Leading | Indicator | Consumer | Spending | Confidence |

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In seven of the last eight election cycles, real consumer spending growth has decelerated in the holiday season in the year following the election. This is the first reason why consumer spending is expected to slow this holiday season. - Carl Steidtmann

The process is slow in happening. The level at which the consumer starts making changes is pretty inelastic, In other words, it takes a high threshold of pain before they start making changes. - Carl Steidtmann

Continued job and real wage growth is needed to increase a household's pool of cash and to strengthen discount retailers' sales. An improved labor market would make consumer spending more self-reinforcing and less dependent on tax and interest rate-related stimulus. - Carl Steidtmann