Russell Sheldon Quotes

Welcome to the supply shock. The economy has outgrown last year's conservative expectations by a mile, generating shortages and widespread price hikes that are large and will have to be passed on to consumers.

- Russell Sheldon

Tags

Supply | Shock | Economy | Outgrown | Conservative |

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The Fed has identified consumer confidence as the most important concept right now. They are extremely worried that the problems in the stock market and the weakness in the manufacturing sector will lead to pessimism and lower spending. - Russell Sheldon

The Fed is selling us a bill of goods. The Fed has plenty of evidence that the economy is boiling. They don't care. 'Let it boil,' they say. - Russell Sheldon

Retail hiring between October and December was by far the smallest in years. We wonder if those 'not hired' for Christmas will 'not be let go,' as traditionally would happen, in January. If so, that will look like a gain in the seasonally adjusted numbers. - Russell Sheldon