Consumers ‘Hanging on for Dear Life’


	Consumers ‘Hanging on for Dear Life’

BobbyDelray

11-14-2007 1:39 PM

231 views

tags:

consumers, economy, gdp

2 Comments |

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11-14-2007 5:50 PM

kkcapricorn

Seems it will be a sparse holiday season for whatever holiday one celebrates. Recession in sight.

11-15-2007 1:43 PM

doodleicious

honey...i quit hanging on a long time ago?wtf?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/88bbc30d-3448-43b1-ba9a-0d8d87a35e36/23D99161-6C53-46A1-84B5-8AA8E56435AB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/" href="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/"><STRONG>Consumers haven’t fallen off</STRONG>  of the proverbial cliff, but they appear to be hanging on for dear life… Indeed, the August through October period marks the worst three-month performance for core retail sales since July through September 2002</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/">Richard Moody, Mission Residential</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/">The consumer is facing the twin headwinds associated with high energy costs and a negative wealth effect tied to lower housing prices. One of the keys going forward will be whether the labor market continues to provide sufficient income support to prevent too much of a slide in consumer demand. <EM>–Morgan Stanley Research</EM></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/">Looking ahead, the sluggish start to the fourth quarter points to a marked slowdown in consumer spending — and in GDP growth. <EM>–David Resler, Nomura Securities</EM></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/"><STRONG>Today’s data supports</STRONG> our view that the holiday shopping season could see one of the weakest gains in spending in years.  <EM>–Drew Matus, Lehman Brothers</EM></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/11/14/economists-react-consumers-hanging-on-for-dear-life/">And the full impacts from the rise in energy costs have yet to be seen. <EM>–Naroff Economic Advisors</EM></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/23D99161-6C53-46A1-84B5-8AA8E56435AB/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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