Comments from Michigan's Richard Curtin

  • Consumers are ready to put turmoil behind them
  • Car sales will probably remain strong
  • Consumers still positive about buying cars and durables
  • Are less positive on current income
  • Don't trust that fuel prices will stay low
  • See prices rising for more luxury goods
  • Fed rate hike could add risk to outlook
  • Consumers are waiting for the other shoe to drop
  • Market turmoil colours consumers view
  • Turmoil puts focus on negative developments

Probably a wise move not to believe that the low oil prices will be a gift forever

After all that USDJPY had dropped to 120.55 before recovering to 120.73