At its current level, confidence is consistent with real consumers' spending growth of about 3 percent -- not great, but not a double-dip.
More Quotes from Ian Shepherdson:
Given the huge decline in consumer confidence, this (gain in spending) does not seem unreasonably weak, especially with consumers' real after-tax income growth slowing too.Ian Shepherdson
This report indicates manufacturing is continuing to rebound from the Asian crisis, which is exactly what the Fed expects.
Ian Shepherdson
To be sure, it would be premature to argue this is the start of a new, hyper-weak trend in home sales, ... Nonetheless, these numbers do send an unambiguous signal that the housing market is now past its peak.
Ian Shepherdson
(The GDP and inflation data) won't prevent modest further easing,
Ian Shepherdson
Mr. Greenspan clearly wants to leave the door open to lower rates, but he was more explicit this time in his acknowledgement that there are risks on the other side.
Ian Shepherdson
Inventories remain very low and will add to third quarter and fourth quarter growth, too.
Ian Shepherdson
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Based on Topics: Confidence QuotesBased on Keywords: double-dip
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