Herds Quotes

Yea, they are greedy dogs which can never have enough, and they are shepherds that cannot understand: they all look to their own way, every one for his gain, from his quarter. - Bible

Woe unto him that striveth with his Maker! Let the potsherd strive with the potsherds of the earth. Shall the clay say to him that fashioneth it, What makest thou? or thy work, He hath no hands? / Woe unto him that saith unto his father, What begettest thou? or to the woman, What hast thou brought forth? / Thus saith the LORD, the Holy One of Israel, and his Maker, Ask me of things to come concerning my sons, and concerning the work of my hands command ye me. - Bible

With unemployment set to breach 6 percent over the next few months, people's view of the current economy is bound to deteriorate... But expectations are what matter for spending, and at this level the numbers suggest consumers spending will rise, albeit not rapidly. - Ian Shepherdson

With three sub-300,000 numbers in the past four weeks, it is beginning to look as though there has been some real improvement in the labor markets this year. - Ian Shepherdson

With the fastest productivity growth and biggest drop in unit labor costs in seven years, the numbers are certainly worth shouting about, but as yet we are far from convinced that much of the improvement is structural. Mr. Greenspan is of the same view, which is why rates are going up no matter what happens to productivity growth. - Ian Shepherdson

With productivity likely to slow a bit further, there is little room for maneuver. In short, good news today but not enough alone to change the outlook. - Ian Shepherdson

With gas prices still falling, there is every chance that next month will see confidence returning to its summer levels or even hitting new highs, signaling strong spending in [the first quarter]. - Ian Shepherdson

With [manufacturing] activity clearly accelerating...it is hard to see [Monday's ISM] report as anything but bad news for Treasuries and yet more evidence of the need for tighter policy. - Ian Shepherdson

While shepherds watch'd their flocks by night, All seated on the ground, The Angel of the Lord came down, And Glory shone around. - Nahum Tate

While claims at 350,000 or so would not be a disaster, they would be consistent with (monthly) payrolls trending at only about 125,000 -- not enough to push the unemployment rate any lower. - Ian Shepherdson