Consumer sentiment numbers are not reflecting economic sentiment, but political or social sentiment. If you were generating an economic forecast of spending from these numbers, you'd be totally wrong.
This is really the first post-NAFTA, post-WTO economic recovery we've ever had in this country. Because of the globalization of the labor market, the relationship between economic growth and employment is different this time than it has been in the past.
I think Katrina's put the kibosh on this whole thing. You're going to lose so many jobs. It's going to take time to get this all back up.
I think Katrina's put the kibosh on this whole thing, ... You're going to lose so many jobs. It's going to take time to get this all back up.