Ian Shepherdson Quotes
We expect a big drop in September: Katrina has depressed sentiment and pushed up jobless claims. 
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Expect | Drop | September | Katrina | Depressed |
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November will be better, but the past year's flat trend in the core deficit seems to be breaking.
- Ian Shepherdson
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.
- Ian Shepherdson