David Naude
David Naude
brutal eight generate increase interpret last months recovery sign six type
I don't interpret this as a sign of recovery in activity. Rather, the increase in unemployment of the last six to eight months has been too brutal and exaggerated not to generate this type of correction.
longer question reform signed whether
The question is whether this has signed away the possibility of reform in the longer term.
car confidence consumer households impression july last repeat saw spending strong
We have already had strong July car sales, and now with consumer confidence this strong we get the impression households could repeat the spending spree we saw last summer.
ahead good lose measure
I think it's a very good thing that they didn't go ahead with this, that they were blocked. I didn't think it was a good measure because they would lose revenue.
economy few
I don't think they are too sad. This would have been a costly measure, with few benefits. The economy at least is better off without it.
consumer figures fourth october quarter revision shows spending trend
The consumer spending figures are better that what we were expecting... The October revision is important and it shows the trend in the fourth quarter is positive.
clear confidence cycle drop less marked recent soon
The drop is less marked than we were expecting, but this deterioration in confidence is nonetheless clear and comes very soon after the recent cycle of recovery, which is unusual.