Quotes by John Shin

“Traders were really preparing for the worst. I think the reading is very much a cause for relief.”

“Its pretty funny how quickly sentiment can swing, but I think its too soon for the Fed to pause (in raising rates). This mornings number keeps the Fed on track continuing 25 basis points (quarter-point) hikes.”

“It really does reflect the enormous amount of coverage of the Katrina disaster.”

“Most of the market is looking at Rita.”

“We feel that such a possibility is still a long way off, but it is a development that bears watching.”

“This is stronger than expected, the highest since spring of last year. But its less important since it doesnt show anything about the impact of Katrina and everyones focused on Katrina right now.”

“We do think youre going to see a drop off in consumer spending in coming months. Part of the reason is workers are experiencing pain in their take-home pay. Youre still seeing other areas of the economy kicking in. These will offset some of the negatives from lower consumer spending.”

“From an economic perspective, it tells us that we are still having a fairly solid growth in both manufacturing and the overall outlook in the near term.”

“The data are consistent with very gradual cooling in the housing market.”

“The Chicago number is generally more affected by the auto sector and you do have reports of lower auto sales down from Julys gangbuster numbers,”