Delos Smith
Delos Smith
adjust consumers economic economy economy-and-economics growth mean view
We boosted economic growth in one quarter, but that doesn't mean it's sustainable. We still have a long-range view that the economy is changing, and consumers will have to adjust to it.
consumers kept retailers
I think consumers are more cautious, and I think the retailers have kept inventories well under control.
job people promises seeing though
People are seeing we're not getting job growth, even though there have been a lot of promises of it. That's the key; for people to be satisfied, you have to have job growth.
extremely june numbers weakness weather
June numbers were extremely strong, which suggests May's weakness really was the weather -- that it was not just an excuse.
absolute consider economic gas good high misleading natural prices signs
I always consider excluding gas prices misleading -- it's an absolute requirement for most people. Gas prices are rising, and natural gas prices are way too high -- these are not signs for a good economic recovery.
good nervous year
We had a very good year in 2005. But it was a nervous world.
economic function largest longer major market state systems
There are no longer really state economic systems that can function by themselves. Most of our largest corporations are in every major market in the world. We're intertwined.
eat expenses movies normally people theaters
We're going to see people trimming their expenses here and there. They probably will not eat out as much or go to movies as often as they normally would. So restaurants and theaters are also vulnerable.
happened last moderate shows steady
When you take a look at what's happened in the last month, you see the same kind of pace?right on down the line. It shows a nice, steady moderate pace, which is what you want.
besides companies cultural india interested political retailers ultimately understand western
Besides the political issues, retailers interested in India have to understand the cultural differences and sensitivities. Ultimately India's still a very complicated world for Western companies to understand.
The PPI is just perfect. This is just what we wanted.
absolutely pressures price
There are absolutely no price pressures in our system.
concerns darkness parts
There are parts of the world that are in darkness and that concerns me.
aware relief
They're getting nervous. They're getting angry. They have not really done anything about it because they want to see if there's going to be relief for it. But now they're aware of it.