Simeon Siegel (Consumer Equity Research Analyst) 00:00.087
way side point seeing myself like shake here i have like a new appreciation for selfies like holding up a phone is not easy but anyway that that notwithstanding i think there is such a distinction that we have to make between consumer sentiment and consumer purchasing i think
Simeon Siegel (Consumer Equity Research Analyst) 00:12.647
that for better or for worse healthy or not the US consumers overly resilient we buy more maybe than we should but we constantly buy more it takes a lot to get us to not buy whereas we're very easy to voice our negativity it's very easy to say things are bad and so that's where
Simeon Siegel (Consumer Equity Research Analyst) 00:28.567
i think we're just seeing dislocation between consumer confidence and retail sales and i don't think that's going to stop i think that's a very real dynamic i think behavioral economics psychology all of these reasons tell us why someone 's going to get out there and say how bad
Simeon Siegel (Consumer Equity Research Analyst) 00:40.847
things are but like again maybe i should do a little ballerina twirl and show you what it looks like here i mean there's a lot of people my daughter does it by the way look at this yeah you're on the top i'm i'm on the top if i show you down you can see even more but i think and
Simeon Siegel (Consumer Equity Research Analyst) 00:55.197
my my four year old would be very proud so that's that twirls for you raya but no i think we have to differentiate and distinguish that forever consumer confidence surveys are going to look very different than what retail spending will look like and i think that's OK