Ian Shepherdson Quotes

If low interest rates mean [Thursday's ISM] reading can be sustained, then the economy appears set for takeoff.

- Ian Shepherdson

Tags

Interest | Rates | Reading | Sustained | Economy |

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Output will not immediately accelerate to the pace suggested by the orders numbers ... because companies are still aggressively running down inventory. - Ian Shepherdson

Core sales slowed hugely at the end of the year, almost certainly as a result of the cash flow hit caused by the post-Katrina leap in energy prices. This is now over, and sales should rebound strongly in the first quarter. - Ian Shepherdson

There's no question that these numbers have been persistently disappointing in recent weeks... It's not that layoffs are accelerating again -- we think the underlying trend [of claims] is stable at about 390,000 -- it is that we expected clearer signs of an outright decline [in the number of claims]. - Ian Shepherdson