Philip Shaw
Philip Shaw
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.
christmas drawing early full high picture street time trading year
It's very early to be drawing too many conclusions on the high street after the Christmas and New Year trading period. It's going to take some time for the full picture to unfold.
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The economy has been growing at a sub-par pace for five quarters now and we cannot see that situation changing over the next year or so.
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The main point though is that output growth has now been below trend for five quarters and we can't see that changing over the next year or so,
corporate nervous seen trading worst
We will see nervous trading ahead, as we have seen from Cisco that the worst is not yet over for corporate earnings.
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.
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The strength of high street activity during the month (November) reflects an abrupt turn in the weather driving demand for winter wear.
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And we find the most intelligent children started off with a relatively thin cortex, but it then got thicker relatively rapidly, reached its peak thickness in certain key areas several years later but then also got thinner quicker.
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There's still a lot of confusion about what the sectors mean. I think it's going to take some time for the individual analysts to become familiar with their new companies.
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Continued developments in Iraq will be the main factor driving markets.
chances hike next virtually week
We think the chances of a hike next week are virtually zero.
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Marks & Spencer has got its act together, ... There has been a UK retail boom in December but January has gone off to a slow start.
bang line market
The announcement was bang in line with market expectations.
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We think consumer spending will slow down and we're starting to see some evidence of that.