We are not forecasting a recession, but there is some truth to the notion that negative news can be a self-fulfilling prophesy. If companies expect demand to slacken, they scale back production. And if consumers expect doom and gloom, they scale back spending. That's just the way it works.
More Quotes from Ian Shepherdson:
With three sub-300,000 numbers in the past four weeks, it is beginning to look as though there has been some real improvement in the labor markets this year.Ian Shepherdson
The question the Fed now faces is what will happen to growth looking forward in the wake of a 75-basis-point tightening
Ian Shepherdson
The upcoming data will soon enough force the Fed to change its stance, otherwise it will begin to look ridiculous,
Ian Shepherdson
The trend in sales is probably not as weak as this seems to suggest, but there is no question that the condoco-op market is slowing much more dramatically than the market for single-family homes. Even in the latter case, however, sales have fallen more than 10 from their summer peak.
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
His assertion that 'a vigilant Fed will affect the necessary alignment of the growth of aggregate demand with the growth of potential aggregate supply' leaves little room for doubt as to where interest rates are headed.
Ian Shepherdson
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Based on Topics: Media & News Quotes, Sadness Quotes, Truth Quotes, Work & Career QuotesBased on Keywords: self-fulfilling, slacken
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