Ian Shepherdson Quotes

The surge in activity is a lagged response to the strength of new home sales, and with mortgage demand now well off its highs -- though still strong -- it probably can't last... But there is no reason to expect an immediate plunge, not least because permits rose again in February, for the fourth straight month.

- Ian Shepherdson

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Surge | Activity | Lagged | Response | Strength |

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Production was steady... a real industrial recovery is still some way off. - Ian Shepherdson

Mr. Greenspan is at least partly to blame for the turnaround in the fiscal position here -- his musings on the problems of ever-increasing surpluses were a clear green light to Congress to cut taxes. - Ian Shepherdson