Holger Schmieding
Holger Schmieding
Holger Schmiedingis a German economist, the current Chief Economist at Berenberg Bank based at their London officeand a frequent broadcaster and commentator on economic affairs in the media. Before joining Berenberg, he was a Senior Economic Advisor to the International Monetary Fund, a Senior Strategist at the Bank of America and worked for Merrill Lynch, based in Washington D.C., London and Frankfurt. The Financial Times Deutschland placed him at the top of the list of 50 analysts for the proven...
precise provide statement thursday vital
Still, the precise wording of the ECB statement on Thursday could provide some vital clues.
britain champions harm learned local selling
Britain has learned that there is no harm is selling your local champions to foreigners.
forget
Merkel is chancellor, and she is reform-minded; we shouldn't forget that.
adequate beyond call expect fed inflation interest level modest neutral percent rates risks slightly
We think around 4.5 percent is the adequate level for U.S. interest rates -- you could call it a neutral level -- and as there are modest inflation risks in the U.S., we expect the Fed to go slightly beyond that to 4.75.
above balance below cuts decline further growth later likely looks mediocre rate rise stay tilt towards
Growth looks more likely to stay below than to rise above 2.5 in the foreseeable future. A further decline in inflation, coupled with mediocre growth, will likely tilt the balance towards further rate cuts later this year.
declines french further
French unemployment is stabilizing. We see further declines in the jobless rate.
dislike hike
I dislike the VAT hike tremendously, I don't think it's necessary.
cut door ease growth inflation keeping later mostly open possible pressures quarters rate rising six taking trend uk underlying wage
Six quarters of mostly below-trend growth are taking their toll. The trend in rising unemployment and muted wage pressures suggests underlying inflation in the UK could ease further, keeping the door open for a possible rate cut later this year.
confirm data demand expect growth orders output robust
The orders data confirm that demand is very robust and we expect a significant acceleration in output growth shortly.
hawks hikes pace preventing rate
There could have been a heated discussion, with the doves preventing the acceleration in the pace of rate hikes the hawks may have wanted.
cut economy growth percent raise taxes whenever
Whenever an economy is struggling, one should not raise taxes. New taxes will probably cut growth by 0.3 percent of GDP.
cut economy growth percent raise taxes whenever
Whenever an economy is struggling, one should not raise taxes, ... New taxes will probably cut growth by 0.3 percent of GDP.
absence against argue case decline effects further headline hike inflation key late leading near oil price rate round second spike
While the surge in key leading indicators strengthens the case for a further rate hike in the near future, the absence of second round effects from the oil price spike and the decline in headline inflation in late 2005 argue against any haste.
european hours outlook reform worst
We've just had the worst 24 hours for the European reform outlook in a long, long time.