Ian Shepherdson
Ian Shepherdson
Ian Shepherdson is an award-winning British economist. He is the founder and Chief Economist of Pantheon Macroeconomics, an economic research firm located in Newcastle, England, with an office in White Plains, New York. In February 2015, he was named The Wall Street Journal's US economic forecaster of the year for the second time, having previously won the award in 2003...
clearly hugely pointing vigorous
Still, this is a hugely encouraging report, pointing clearly to a vigorous recovery.
almost cash caused certainly core energy flow hit hugely leap rebound result sales strongly
Core sales slowed hugely at the end of the year, almost certainly as a result of the cash flow hit caused by the post-Katrina leap in energy prices. This is now over, and sales should rebound strongly in the first quarter.
cards drop headline hugely retail
A big headline drop was always in the cards after the weather-assisted surge in January, which hugely boosted retail activity.
allowing environment favorable fiscal hugely improvement market melted monetary spring stock work
The improvement in the stock market is allowing the hugely favorable monetary and fiscal environment to do its work -- just as it was in the spring before the stock market melted down,
cited depressed distorted evidence extremely housing hugely industrial january market report retail sales strong surely warm weather
This hugely strong report will doubtless be cited as evidence that the housing market is not slowing. However, the extremely warm January weather surely distorted these data, just as it boosted retail sales and depressed industrial production.
change cut economic falling numbers october outlook quarter rate reflect rising second shock
This will doubtless shock the markets, and makes an October rate cut more likely, but it does not change the outlook for a near-term recovery, ... Falling employment, rising unemployment lag activity. These numbers reflect the second quarter economic stall.
expect reason
There is no reason yet to expect a real weakening in sales.
oil price prices reflects report rise shows stop worrying
The price index was up, ... This reflects the rise in oil prices and not much else, but that won't stop doom-mongers worrying about it. In short, the report shows manufacturing is still on track.
bit fed leave less markets perhaps pushing report
This report will leave the markets still pushing for a Fed ease...but perhaps with a bit less conviction, ... It is still not a done deal.
consistent gathering industrial looks recovery report stronger
This report is stronger than it looks and is consistent with the industrial recovery gathering pace,
report stronger
This report is much stronger than it first appears.
asian continuing exactly fed rebound report
This report indicates manufacturing is continuing to rebound from the Asian crisis, which is exactly what the Fed expects.
both change good growth lifts point quarter report starting
This report does not change the big picture, but it lifts the starting point for growth in both the first quarter and 2003 as a whole; good news,
report
This report augurs very well for the holidays.