Ken Wattret
Ken Wattret
booming data growth recovery tells
The data tells us that recovery is on its way, but it's not booming growth.
bigger consistent danger data losing picture rate
We may be in danger of losing the bigger picture here. The data are consistent with a rate rise, whichever way you look at it.
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,
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.
achieve encourage euro growth lower rates rather scholars-and-scholarship sooner target
This will encourage the ECB to lower rates sooner rather than later, ... Their own growth target (for the euro zone) is 2 1/4 to 2 1/2 percent. They won't achieve that now.
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,
grow increase less market months rather recipe
That is a recipe for market volatility, and I think it will increase rather than grow less in the months ahead.
bond euro fully played
The U.S.-Europe story is getting played out and is fully discounted in the euro and bond markets.
against forward knock recovery remains risk strong
There is a risk going forward that if sterling remains exceptionally strong particularly against the euro, that will knock the recovery in the U.K.,
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,
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.