Quotations

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Ian Shepherdson Quotes

«There is nothing to be scared of here. When you take out several one-time gains including apparel, tobacco and lodging, prices were almost unchanged.»
«At last some good -- or at least not so bad -- news, ... don't change the overall trade picture, but we think the worst news is over.»
«Given the complete absence of meaningful inflationary pressure evident in the economy now, and -- as the Fed put it, 'tentative evidence of a slowing in certain interest-rate sensitive sectors of the economy' -- we think there is very little chance that rates will rise again in the current cycle.»
«The price index was up, ... This reflects the rise in oil prices and not much else, but that won't stop doom-mongers worrying about it. In short, the report shows manufacturing is still on track.»
«If this is sustained we can be more hopeful the trade deficit will not rise further,»
«This is a significant decline in confidence, ... Presumably the combination of higher interest rates and stagnant stock prices lies behind the moves, but the key point is that the steady rise in recent months has abruptly begun to reverse.»
«In any event, a single durable good report will have little effect on the Fed.»
«It seems likely that these numbers will be seen as significantly increasing the chance of an August rate hike.»
«There is certainly nothing in this report to suggest any serious slowing, or any slowing at all, in the economy is near.»
«The message from these claims numbers is strong and clear. The labor market is extremely tight.»

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