James McCormack
James McCormack
James McCormack, Jr.was a United States Army officer who served in World War II, and was later the first Director of Military Applications of the United States Atomic Energy Commission...
asia believe external growth highly ongoing regional remains whom
Notwithstanding ongoing regional integration with China, growth in Asia remains highly leveraged to external demand, and particularly the US consumer, whom we believe to be overstretched." ()
asia consumer expect half housing market maybe second slow starting turning
We are starting to see maybe a turning in the housing market in the US. And if the US consumer retracts a little, we would expect to slow down in the US in the second half of the year. That translates into a slowdown in Asia as well." ()
along bank biggest central challenge control inflation potential
The biggest challenge for the central bank is to control the potential inflation that comes along with the buildup in reserves." ()
continuing eventually exchange expect external foreign including increase lead ratings reach reserves strength trillion
The continuing strength of China's external sector, including the increase in its foreign exchange reserves and exports, are a positive. However, an increase in reserves which we expect to eventually reach a trillion US dollars, will not necessarily lead to a ratings upgrade." ()
downward emerging forecast further growth midst political rates sovereigns turmoil weakest
Those sovereigns in the midst of political turmoil also have the weakest growth rates in emerging Asia, and further downward revisions to the growth forecast may be necessary." ()
political tolerance
We are still comfortable. In a BB range, we do have some tolerance for political noise." ()
backdrop favorable less political recently
Asia's political backdrop has recently become less favorable for growth." ()
affects central countries economic matter politics
This is one of the countries where politics matter and it is central to our assessment. Politics affects economic policy." ()
crisis events inevitably leadership strengthen surviving weaker
The more of these events there are, inevitably the weaker she becomes. Surviving a crisis in leadership doesn't necessarily strengthen a leader." ()
debt effective goes government interest issues rate service takes
So if the effective interest rate on Philippines government debt goes up, it just takes more of their revenues to service their debts, so these are issues that really do need to be addressed." ()
delayed effects fiscal government including increase january overall percent positive rate reform until wait
The delayed e-VAT detracted from the overall credibility of the fiscal reform program, and we will wait until the e-VAT is implemented fully, including the rate increase from 10 percent to 12 percent scheduled for January 2006, before considering its positive effects on government revenues." ()
deep good job people quite
They do a pretty good job of getting people in who are quite capable. They have a deep bench." ()
opposition policy power struggle
You don't see much opposition to her policy initiatives. I think it's more of a power struggle than a policy struggle." ()
becoming maybe reserves
The reserves are more than adequate. Maybe it is becoming excessive." ()