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,
More Quotes from 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 Chicago survey is very susceptible to changes in conditions in the auto industry, where activity has been very volatile in recent months.
Ian Shepherdson
Unfortunately, at current levels, and coupled with the extraordinarily low level of labor demand, the claims numbers are still consistent with flat or falling payrolls and a rising unemployment rate. There's no real relief in sight here yet.
Ian Shepherdson
The ISM survey clearly promises much bigger increases in production ahead, but for now the official data are lagging the survey a bit,
Ian Shepherdson
The drop in stock prices is no excuse to beginning cutting rates, as some in the market desperately want to believe, ... Given where oil prices are and given what the fundamentals still suggest, I don't see the Fed doing anything for the time being.
Ian Shepherdson
No doubt bears will highlight the rise in continuing claims, up another 29,000, but we are unmoved A rising ratio of continuing to initial claims signals accelerating productivity growth, not a shaky recovery, ... Labor market conditions are improving --
Ian Shepherdson
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Based on Topics: Contemplation QuotesYou explain how it went, and as far as you can figure out how it got that way.
Virgil Thomson
We had not seen any natives for many days, but a few passed the camp on the opposite side of the river on the evening of the 25th. They would not, however, come to us; but fled into the interior in great apparent alarm.
Charles Sturt
I wish that the Democrats would put some effort into Social Security reform, illegal immigration's reform, tax reform, or some of the other real issues that are out there.
Jack Kingston