Philip Shaw
Philip Shaw
boost both close effect european fairly given markets overnight positive quite street wall
There was quite a positive effect on Wall Street overnight with both the Dow and the S&P fairly close to five-year highs, and that's given Continental European markets a boost first thing.
agile almost minds
It's almost like the most agile minds have the most agile cortex.
corporate fears including increase neutral personal taxation virtually
As a result, fears over a significant near-term increase in personal or corporate taxation have virtually disappeared. Most expectations, including our own are for a broadly neutral stance.
activity demand driving high month reflects street strength turn weather winter
The strength of high street activity during the month (November) reflects an abrupt turn in the weather driving demand for winter wear.
action case european fear investors panic sell weaker
It was a case of the panic being overdone, ... U.S. institutional investors were going to sell their European assets, but the coordinated action removed the fear about a weaker euro.
brain changed child children early grows intelligence intelligence-and-intellectuals late opposite pattern relationship smartest structure surprised thinner
I was surprised that the relationship between intelligence and brain structure changed so much as a child grows up. In early childhood, the smartest children had a thinner cortex -- this is the opposite of what you'd expect. By late childhood, the pattern had changed completely.
agile minds people tend
People with agile minds tend to have a very agile cortex.
coming committee continue debate downside output rates received surprises upside
The debate over rates will continue to intensify over the coming months, not least as the committee has received downside surprises from output and upside surprises from inflation.
couple critical data deals due expect january numbers pay remain signs
The critical numbers will be the data on January which are due in a couple of months, but there are no signs of inflation-busting pay deals from these numbers and we expect that to remain the case.
both chance charged components couple input month next price prices rates
Both the input price and prices charged components are up on the month as well so this reduces the chance that rates will come down over the next couple of months.
cut door next open perhaps rates soon
We think the door is still open for a cut in rates over the next two months, perhaps as soon as next month.
continued houses line shows
This shows a continued need for new houses in line with the recommendations of the Barker report.
against bank far mark optimism question rebound recovery year
The rebound so far this year is unconvincing and that has to place a question mark against the Bank of England's optimism for a recovery in consumption this year.
consumer evidence slow spending starting
We think consumer spending will slow down and we're starting to see some evidence of that.