The consumer remains in a difficult situation. It remains unclear how they will proceed forward as credit access fades alongside further home price deterioration and an increasingly difficult financial environment.
Maxwell Clarke, chief U.S. economist at IDEAglobal

We’re still working our way through the slowdown. I think it will get better as the year progresses. The month of May will still be tough and I suspect by the summer that things will be a little broader in terms of the improvement.
Mike Niemira, chief economist at the ICSC

And then there’s this little piece of wisdom…Nick Paumgarten in the New Yorker, not to be confused with Nick Paumgarten of corsair capital who happens to be on the board of Scripps Networks.