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Ian Shepherdson Quotes

Ignore the ISM at your peril... Assuming this report is not a fluke - everything we look at suggests it is very real - it is consistent with year-over-year GDP growth accelerating to 4 percent by the summer. - Ian Shepherdson

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We expect further gains over the next couple of months in the wake of the plunge in gasoline prices. If we're right, the data will signal first quarter consumption growth of the order of 4 percent. - Ian Shepherdson

Once rebuilding gets underway in earnest in the Gulf Coast, we expect much stronger construction numbers across the board. But that will be a story for the very end of this year and into 2006. - Ian Shepherdson

If claims remain at their current level, we could expect the unemployment rate to be down to 4 percent or so by mid-summer. - Ian Shepherdson

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