Ian Shepherdson Quotes

We remain of the view that the Fed's near-term objective is simply to support the stock market until consumer and business sentiment improves.

- Ian Shepherdson

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While claims at 350,000 or so would not be a disaster, they would be consistent with (monthly) payrolls trending at only about 125,000 -- not enough to push the unemployment rate any lower. - Ian Shepherdson

Clearly, these are disappointing numbers and should put to rest the notion that there a tech-driven miracle in U.S. productivity in the last few years... There was a boom, and booms drive up productivity -- until they bust. - Ian Shepherdson

Given the huge decline in consumer confidence, this (gain in spending) does not seem unreasonably weak, especially with consumers' real after-tax income growth slowing too. - Ian Shepherdson