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Letter "I" » Ian Shepherdson Quotes
«Overall, another awful report,»
«Mr. Greenspan clearly wants to leave the door open to lower rates, but he was more explicit this time in his acknowledgement that there are risks on the other side.»
«Another 25 basis point palliative ease in August seems a good bet. But the big easing story is over.»
«These data again show that when people have substantial net assets, slower income growth need not kill spending,»
«It now seems appropriate to start thinking about a fed funds rate as low as 4 percent by the summer.»
«This testimony did not give the impression that he is in a great hurry to cut rates immediately.»
«(These data are) bad news for (corporate profit) margins or future inflation -- or both,»
«The revisions are not as big as we feared, ... The new April number shows sales at their lowest level since November, but the previous four months were exceptionally strong, in part due to favorable weather. Given the strong trend in mortgage applications, these data likely do not signal real housing weakness.»
«This strongly suggests that core finished goods' prices will slow over the next few months,»
«The rise in (confidence) is presumably a reflection of the rebound in stock prices and -- though to a lesser extent -- the further cuts in interest rates,»

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