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Letter "I" » Ian Shepherdson Quotes
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«As far as we can tell, confidence now seems to have run a bit ahead of the improvement in the stock market, and the failure of the Nasdaq and Dow to make further progress in recent weeks makes it doubtful that confidence will continue to rise at the May pace. The sharp rise in unemployment is likely to become a negative factor, too.»
Author: Ian Shepherdson
«Given the huge decline in consumer confidence, this (gain in spending) does not seem unreasonably weak, especially with consumers' real after-tax income growth slowing too.»
Author: Ian Shepherdson
«Production was steady, ... a real industrial recovery is still some way off.»
Author: Ian Shepherdson
«We fully expect sentiment to drop sharply, putting in place the conditions for much softer consumer spending numbers.»
Author: Ian Shepherdson
«Our view is that home sales will slide through the summer, dragging housing starts down into the fall. But this is still no more than a forecast; mortgage applications are still very strong.»
Author: Ian Shepherdson
«This dip in claims is unlikely to prove significant. The trend, measured by the four-week moving average, is still rising after its turn of-the-year decline.»
Author: Ian Shepherdson
«This reads like they are more scared than they have been willing to admit. And that they are ready to cut rates further - maybe soon.»
Author: Ian Shepherdson
«Not pretty, and getting worse.»
Author: Ian Shepherdson
«My guess is it won't be very exciting because he already told us three weeks ago what he thinks. He's certainly not going to say anything that suggests the Fed might be thinking about not cutting rates as soon as the market thinks but I don't think he'll want to give the impression that they're going to slash rates even more aggressively.»
Author: Ian Shepherdson
«We are not forecasting a recession, but there is some truth to the notion that negative news can be a self-fulfilling prophesy. If companies expect demand to slacken, they scale back production. And if consumers expect doom and gloom, they scale back spending. That's just the way it works.»
Author: Ian Shepherdson
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