Ken Wattret
Ken Wattret
aggressive ammunition euro half happens move percentage point whatever
Whatever happens the euro will fall. Even an aggressive move - half a percentage point - wouldn't help, and then they'll have used all their ammunition up.
aggressive ammunition euro half happens move percentage point whatever
Whatever happens the euro will fall, ... Even an aggressive move - half a percentage point - wouldn't help, and then they'll have used all their ammunition up.
consensus decline forecast neutral outcome small
The consensus PMI forecast was for a small decline and that's what we got, so it was a neutral outcome in the end,
bond euro fully played
The U.S.-Europe story is getting played out and is fully discounted in the euro and bond markets.
brought certain fever herd markets mentality
There was a herd mentality to stampede and get on board. That brought the markets to a certain fever pitch.
bringing combined cycle damage demand feeling high hurricane hurt katrina oil prices swift
There's a feeling that high oil prices combined with damage from Hurricane Katrina will hurt the U.S. economy, bringing the Fed's tightening cycle to a swift end. This is boosting demand for bonds.
corporate cycle economic great household news sector
This economic cycle is different from others. It's been great news for the corporate sector but not for the household sector.
fact growth half last percent performance poor tells
So the fact we got growth of about half a percent tells you how poor the performance was over the last year.
budget budgets economic headline newspaper rather
This is going to be more of a newspaper headline budget rather than one for any macro economic changes,
expect fourth numbers possibly quarter shout subdued third
The (second-quarter) numbers are nothing to shout about, and they could have been worse, ... We can expect the third quarter to be subdued and possibly a better fourth quarter.
euro given inflation pressure signals starting weakness
The signals were very explicit, given the weakness of the euro and pressure on inflation starting to come through,
booming data growth recovery tells
The data tells us that recovery is on its way, but it's not booming growth.
almost decade expecting government growth level lowest region
It's the lowest level of growth for almost a decade and the government had indicated it was expecting something in the region of 3 percent,
consumer core focus given increase market modest obvious relatively seen
The obvious focus for the market will be the core PPI, and given what we've seen for consumer prices, we should see a relatively modest increase there,