13 Total Quotes

Scott Hoyt Quotes

The outlook is modestly positive. Declining energy prices will boost real incomes and spending.
Scott Hoyt
#Energy

If consumer spending falls, the probability of the economy slipping back into recession is very high.
Scott Hoyt
#Economy

Consumer spending is likely to become much more dependent on jobs and confidence by the third quarter, ... If labor markets have not turned, boosting confidence by then, the risk of a significant slowing in consumer spending will be very high.
Scott Hoyt
#Confidence

They're moving away from bank cards and credit cards -- short-term installment debt -- into various forms of mortgage borrowing with lower interest rates and long terms.
Scott Hoyt
#Borrowing

The raises in interest rates will reduce the willingness and ability of consumers to continue their pace of borrowing. This is both directly -- through the cost of debt -- and indirectly -- because it's likely to slow house price appreciation.
Scott Hoyt
#Ability

Low interest rates and rampant house price appreciation have really been driving borrowing. As long-term rates finally start to rise, the pace of debt accumulation will slow.
Scott Hoyt
#Appreciation

For lower-income folks who would have financed [the purchase] anyway, it's saving them money. And for higher-income folks, why not?
Scott Hoyt
#Income

Going forward, sales growth will be more modest and inconsistent. Fundamentals are mixed. The biggest drag is high and rising gasoline and other energy prices.
Scott Hoyt
#Growth

People feel rich because of their real estate. If they can meet their wealth accumulation goals just by watching their houses appreciate, why save?
Scott Hoyt
#Goals

Clearly, malls continue to struggle. Consumers are focused on easy in and easy out.
Scott Hoyt
#Struggle

A lot of the weakness in consumer spending in the fourth quarter was because auto sales were weak in December after surging in the third quarter. It's important to look beyond auto sales. At least for the first quarter, it's not going to take much for consumer spending to look good.
Scott Hoyt
#Sales

Retail sales posted stunning results.
Scott Hoyt
#Sales

It just suggests that consumers, particularly lower-end consumers, are going to be more stretched when these loans reset, with potentially negative implications for spending growth.
Scott Hoyt
#Consumers