Ian Shepherdson Quotes
Given the complete absence of meaningful inflationary pressure evident in the economy now, and -- as the Fed put it, 'tentative evidence of a slowing in certain interest-rate sensitive sectors of the economy' -- we think there is very little chance that rates will rise again in the current cycle. 
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Complete | Absence | Meaningful | Inflationary | Pressure |
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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
