Ian Shepherdson Quotes

His conclusion, in essence, is that much of the productivity explosion of recent years is permanent, but there is a risk that there is significant cyclical element too. Unfortunately, this leaves us none the wiser as to his intentions at the next (Federal Open Market Committee) meeting.

- Ian Shepherdson

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Conclusion | Essence | Productivity | Explosion | Years |

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Claims have now been essentially static for three months, so even if the latest declines turn out to be unsustainable, the data will still show that the trend is no longer rising rapidly, and may not be rising at all... It looks like the worst of the worst is now over in the labor market. - Ian Shepherdson

It is tempting to blame the softness of core sales on the surge in gas prices, but we think it is too soon for that. - Ian Shepherdson

Nominal spending was held down by a 0.4% energy-induced plunge in the PCE deflator, so real spending rose a hefty 0.7%. A rebound in auto sales after the awful October was largely responsible for this. - Ian Shepherdson