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Ian Shepherdson Quotes

«Mr. Greenspan has all but ruled out a May tightening.»
«People have plenty of cash - and the inclination to spend it,»
«Expectations had risen a bit too far, too fast, and were vulnerable to a correction; this is it.»
«Still, this is a hugely encouraging report, pointing clearly to a vigorous recovery.»
«No more easing [is] needed here.»
«This is the first official acknowledgment that the economy is beginning to improve.»
«We believed the underlying level of claims peaked in the spring. This suggests that they may now genuinely have begun to decline.»
«If we had any faith in the reliability of these numbers, we'd have to call them disappointing, ... But we don't, so we won't.»
«Output will not immediately accelerate to the pace suggested by the orders numbers ... because companies are still aggressively running down inventory.»
«The Fed is nearly done. The U.S. economy is coming back.»

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