As far as we can tell, confidence now seems to have run a bit ahead of the improvement in the stock market, and the failure of the Nasdaq and Dow to make further progress in recent weeks makes it doubtful that confidence will continue to rise at the May pace. The sharp rise in unemployment is likely to become a negative factor, too.
More Quotes from Ian Shepherdson:
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.Ian Shepherdson
The Fed will likely ease on Nov. 6, but the Beige Book has not changed the odds, ... And it tells us nothing about the future of the economy or Fed policy.
Ian Shepherdson
Overall, this was another awful report, ... but given the size of the inventory overhang in manufacturing and the still-rapid loss pace of job losses it comes as no surprise.
Ian Shepherdson
The trend in claims has risen this year, in tandem with the clear drop in business confidence in the period before the war with Iraq. If claims are sustained at this level they will signal an acceleration in the rate of net job losses recorded in the payroll numbers.
Ian Shepherdson
Our forecast was undone by two factors. The impact of the post-Katrina spike in oil prices is lingering it will eventually fade. Second, trade in goods ex-oil and aircraft -- core -- deteriorated again.
Ian Shepherdson
The good news is that the expectations index is now more or less in line with the state of the stock market, so any further dips should be modest,
Ian Shepherdson
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Based on Topics: Confidence Quotes, Failure Quotes, Unemployment QuotesBased on Keywords: dow, nasdaq
The price we have to pay for money is sometimes liberty.
Robert Louis Stevenson
If you do not think about your future, you cannot have one.
John Galsworthy
Four or five frigates will do the business without any military force.
Lord North