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Letter "I" » Ian Shepherdson Quotes
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«The labor market is tightening, but the tightening is not accelerating.»
Author: Ian Shepherdson
«This is something of a surprise, given the relative strength of most of the regional surveys. The latter are not always a perfect guide to the national ISM but they rarely send such a clear, but wrong, signal.»
Author: Ian Shepherdson
«If this continues, it can do real damage to core inflation, making it all the more important that the Fed succeeds in slowing the economy to ease inflation pressure.»
Author: Ian Shepherdson
«We expect the index to fall over the next couple of months as the latest huge surge in gas prices bites.»
Author: Ian Shepherdson
«This is a surprise but it cannot last. We think the other elements of the report give a better indication of the strength of the market, with supply of single-family homes up to 5.3 months, compared to just 4.0 a year ago. Price gains have slowed to 7.8 percent year-on-year, down from 10.4 percent in Feb and a 19-month low. Much lower sales will follow.»
Author: Ian Shepherdson
«On the face of it these are very Fed-friendly numbers.»
Author: Ian Shepherdson
«The details are close to our expectations, though consumers' spending, up 5.5%, was a bit stronger than we expected. Overall, solid domestic final demand, but the second quarter will be much weaker.»
Author: Ian Shepherdson
«Overall, solid domestic final demand, but the second quarter will be much weaker. We expect growth to slow to 3% or less, led by a sharp slowing in consumption.»
Author: Ian Shepherdson
«Just about everyone who buys a house uses a mortgage, so a sustained drop in mortgage demand tells you where home sales are going, regardless of the current sales data.»
Author: Ian Shepherdson
«Strength is broad-based, confirming that what consumers do can be very different to their responses to confidence surveys.»
Author: Ian Shepherdson
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