Ian Shepherdson Quotes

These data leave confidence very close to its cycle high, and completely unaffected by higher interest rates... Together with the rise in home sales also reported today, the data sit very uneasily with Mr. Greenspan's dovish tone last week and again today.

- Ian Shepherdson

Tags

Data | Leave | Confidence | Close | Cycle |

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As the newspapers remind us every day, job layoffs are still high, but the point is that they now appear to be slowing... The worst is over, and the decline in output and employment will soon slow. - Ian Shepherdson

The price index was up... This reflects the rise in oil prices and not much else, but that won't stop doom-mongers worrying about it. In short, the report shows manufacturing is still on track. - Ian Shepherdson

There may be some adverse seasonal effects at work in the claims numbers, thanks to the late Easter, but the underlying trend is surely unfavorable... A reversal requires a quick and steep recovery in business confidence. - Ian Shepherdson