Joshua Shapiro Quotes

With mortgage rates still low, there is no evidence yet that levels of housing activity are declining to any great extent. - Joshua Shapiro

While we have seen an increase today versus a forecasted decline, housing starts are currently doing on a trend basis what many have forecasted: remaining on a high plateau, unable to move higher but not seeing demand fall off enough to take starts lower. - Joshua Shapiro

While this was obviously a good month, we don't expect this to continue. We think it's going to be a slow drift up in core inflation going forward. - Joshua Shapiro

While these orders have been volatile of late, the trend remains a solid one. Whether we will see a disruption in this trend due to the surge in energy prices remains to be seen and will ultimately be more important to markets than today's pre-Katrina outcome. - Joshua Shapiro

We're in the early stages of a slowdown in the housing market. - Joshua Shapiro

Well, with gasoline well over $3.00 a gallon in most places when this survey was conducted, it is little wonder that consumers were cranky. - Joshua Shapiro

We would not jump to any conclusions based on these numbers, particularly as the weekly jobless claims figures, adjusted for hurricane effects, point to considerably stronger job growth than reported. - Joshua Shapiro

We continue to expect the Fed funds target to reach 5 percent in the second quarter of next year, which is where we see the tightening process ending. Comments from Fed officials suggest that they expect only a temporary hit to growth from higher energy prices, while concern about a drift up in core inflation is increasing. - Joshua Shapiro

We believe that consumer spending is going to bear the brunt of higher energy prices that we have seen leading up to and immediately following Hurricane Katrina as discretionary spending is curtailed. - Joshua Shapiro

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