Good morning and welcome to The J. M. Smucker Company's Third Quarter 2011 Earnings Conference Call. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode. At the request of the
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
Homebuilder sentiment, start and permit trends, and consumer behavior suggest a turn for the long-suffering housing market, says Morningstar's Bob Johnson.