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Ian Shepherdson Quotes

«Companies are doing more, with fewer people.»
«Given the extraordinarily weak chain store sales numbers [in September], this report comes as a huge relief -- it could have been much worse.»
«Auto sales did not fall as far as the unit sales numbers suggested. This means there'll probably be a catch-up -- downwards -- next month.»
«If this trend [in jobless claims] continues, September payrolls will surely fall outright, and the bizarre drop in the unemployment rate in August will reverse.»
«There is at least some light at the end of the tunnel, but unfortunately it is still a long way off,»
«Inventories remain very low and will add to third quarter and fourth quarter growth, too.»
«Mr. Greenspan said next to nothing about the current economic situation in his testimony, ... does not sound to us like a signal he has changed his mind on the appropriateness of the current level of interest rates. The rest of the testimony was a clear and unambiguous plea to Congress not to abandon fiscal discipline.»
«Bear in mind this survey is always more volatile than the ISM, and there may be an outsized July 4 long weekend effect, too. But these are bad numbers.»
«The good news is that the expectations index is now more or less in line with the state of the stock market, so any further dips should be modest,»
«Overall, the labor market is improving, but progress is still slow,»