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Ian Shepherdson Quotes
«The Fed can and will be much more of an active player in the stock market until it turns the corner,»
«Our guess now is that there will be some incremental decay of consumers' expectations, especially in the New York area, but it will not be sufficient to upset our basic recovery story,»
«Every turning point has to start somewhere, and the evidence on the industrial sector is becoming overwhelming.»
«This will doubtless shock the markets, and makes an October rate cut more likely, but it does not change the outlook for a near-term recovery, ... Falling employment, rising unemployment lag activity. These numbers reflect the second quarter economic stall.»
«Claims have now been essentially static for three months, so even if the latest declines turn out to be unsustainable, the data will still show that the trend is no longer rising rapidly, and may not be rising at all, ... It looks like the worst of the worst is now over in the labor market.»
«Manufacturers are still miserable, and output will keep falling for some time, but they can now see light at the end of the tunnel, ... They are working off their excess inventory ... and are now hopeful of stronger orders by the year-end.»
«Looks to us like tax rebate money is being spent, ... Retailers should have a good autumn.»
«It is still too early to call the end of the manufacturing slump because the stability of July output might be little more than a seasonal effect, ... this report probably means the worst is over.»
«Rising jobless claims were [one] early sign the economy was slowing, and we think they may now represent an early sign that it will soon pick up speed again,»
«Overall, [this was] another awful report, ... but given the size of the inventory overhang in manufacturing and the still-rapid loss pace of job losses it comes as no surprise.»