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Ian Shepherdson Quotes
«Only a few years ago, auto sales numbers, like those seen recently, would have automatically lead to expectations of higher prices, ... Now, increasing transparency in car prices, substantially due to the Internet, together with the automakers' ability to hold down unit labor costs, means that stronger sales do not necessarily lead to higher prices.»
Author: Ian Shepherdson
«It is just too soon to be sure that the second-quarter slowdown will be sustained, ... The level of consumer confidence is still consistent with 5 percent spending growth.»
Author: Ian Shepherdson
«We think the relief is temporary; no other data supports the slowdown story,»
Author: Ian Shepherdson
«Eventually, the housing slowdown will affect retail sales too, but that is probably a story for the spring of next year, at the earliest.»
Author: Ian Shepherdson
«There should be no doubt that Mr. Greenspan's view has changed; he now believes the economy is turning rather than just approaching the turn,»
Author: Ian Shepherdson
«The pattern in claims in recent months is strikingly similar to 1990 -- a long slow climb and then a sudden acceleration as layoffs accelerated,»
Author: Ian Shepherdson
«Ignore the ISM at your peril, ... Assuming this report is not a fluke - everything we look at suggests it is very real - it is consistent with year-over-year GDP growth accelerating to 4 percent by the summer.»
Author: Ian Shepherdson
«The bottom line: This greatly improves the chance of positive fourth-quarter GDP (gross domestic product). The Fed is nearly done, ... The U.S. economy is coming back.»
Author: Ian Shepherdson
«At least [economic activity] is no longer 'decelerating,' as reported in the previous beige book,»
Author: Ian Shepherdson
«The Fed's Beige Book acknowledges some of the improvement evident in recent economic data, but the tone of the survey could not yet be described as a ringing endorsement of the recovery story,»
Author: Ian Shepherdson