Ian Shepherdson Quotes

This level of the ISM is not consistent with recession.

- Ian Shepherdson

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Level | Consistent | Recession |

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Looking forward, we think there is next to no chance these numbers mark the start of a real slowing in consumer spending. The markets will no doubt take comfort from the headlines, but it is temporary relief. - Ian Shepherdson

The data suggest real consumers' spending rose marginally last month -- but we still expect only a 1.5 percent annualized increase in the fourth quarter. - Ian Shepherdson

This level of the ISM is not consistent with recession. - Ian Shepherdson