Ian Shepherdson Quotes

Looking forward, we can be unequivocal: New home sales have to fall, because the level of demand for new mortgages for house purchase recently has not been sufficient to sustain current sales rates.

- Ian Shepherdson

Tags

Unequivocal | Sales | Fall | Level | Demand |

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The mystery is how to square with this with both the Redbook and Bloomberg chain store sales surveys, which pointed to a huge gain... Maybe it will come in March, or today's numbers will be revised up. Either way, this is a brief diversion, not a change of course. - Ian Shepherdson

There may be some adverse seasonal effects at work in the claims numbers, thanks to the late Easter, but the underlying trend is surely unfavorable... A reversal requires a quick and steep recovery in business confidence. - 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