270 Quotes by Ian Shepherdson

It's looking more likely ... that we're going to get a sharp contraction.

The rebound in expectations since October is still big enough to signal strong first-quarter consumption, but not a sustained boom.

It it too soon to be sure, but we think there is a good chance that the industrial sector has now fully adjusted to the summer's steep decline in confidence.

Eventually, we do expect housing to lead the economy into a sustained slowdown, but it will take time, and patience is not the markets' most obvious virtue.

There is a clear change in the tone of the Beige Book, but not all the news is good.

We think the trend in layoff is downwards, ... but we're not yet ready to argue that all the danger has passed.

Eventually, the housing slowdown will affect retail sales too, but that is probably a story for the spring of next year, at the earliest.

We think the relief is temporary; no other data supports the slowdown story,

Still, this is a hugely encouraging report, pointing clearly to a vigorous recovery.