We’re getting a flip with these numbers, … We had been seeing all year long the consumer doing well and the manufacturing sector doing poorly. Here, consumer confidence has fallen, but there’s a hint of...

In the late 1970s and early 1980s, people were getting 10 percent pay raises. But housing prices were going up 12 to 15 percent, and so were cars.

The report will not comfort the Fed, despite the good headline data, … The news further back in the pipeline was not good.

This report may modestly lower third-quarter real GDP estimates,

But that’s if economic conditions become far worse than they are now, … It’s a bit like saying ‘if the sun doesn’t come up tomorrow then crops will fail,’ or ‘the world may end if...

The Fed did not lower the fed funds rate, but their statement indicates a 180 degree about-face in terms of their view of the risks facing the economy, … It looks to me they’re ready...

My belief all along is the unemployment rate is the key to consumer behavior, … A 4.5 percent unemployment rate would be more than a half a percentage point above the low of 3.9 percent....

[The results] are great for builders, great for sellers of home building products and consumer household products, and great for growth, … But, the dramatic strength in both units sold and in prices are both...