Doubtless these numbers will be followed by a rash of commentary to the effect that rumors of the death of the housing market are greatly exaggerated. This would be the wrong conclusion to draw. It is not possible for sales to trend down and starts to trend up.
More Quotes from Ian Shepherdson:
As far as we can tell, just about everyone now expects another 25-basis-point hike on May 16, which rather begs the question why the Fed did not act more boldly today and raise rates by 50 basis points, ... By the time of the May meeting, a bigger move might be forced upon the FOMC.Ian Shepherdson
We remain of the view that the Fed's near-term objective is simply to support the stock market until consumer and business sentiment improves,
Ian Shepherdson
It is hard to make the case that the inflation threat from import prices is serious. The trend is clearly not as good as in the recent past, but it is not bad enough to cause any problems on its own.
Ian Shepherdson
Both the unemployment rate and wages were stronger than consensus and they clearly make it very difficult for the Fed not to raise rates by a half percentage point.
Ian Shepherdson
We expect a big drop in September Katrina has depressed sentiment and pushed up jobless claims.
Ian Shepherdson
If this is sustained we can be more hopeful the trade deficit will not rise further,
Ian Shepherdson
Readers Who Like This Quotation Also Like:
Based on Topics: Death & Dying QuotesWe are not angels. Nor are we the devils you have made us out to be.
Slobodan Milosevic
Oh, I find it very easy to fall in love.
Sam Peckinpah
We have never yet had a labor Government that knew what taking power really means; they always act like second-class citizens.
Dora Russell