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Ian Shepherdson Quotes

With unemployment set to breach 6 percent over the next few months, people's view of the current economy is bound to deteriorate... But expectations are what matter for spending, and at this level the numbers suggest consumers spending will rise, albeit not rapidly. - Ian Shepherdson

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This is slightly baffling, given that existing home sales have been strengthening... It may be a reflection of caution on the part of builders, who have been reluctant to keep pace with sales because of fear the market strength will not last. - Ian Shepherdson

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. - Ian Shepherdson

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. - Ian Shepherdson

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