Richard Jerram
Richard Jerram
consistent economic point turning
In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.
america company fairly woke
We woke up and America was down pretty hard. Then we had a fairly big construction company go bust.
almost antithesis gives market negative serious
It would be very, very negative for the market if Koizumi gives Kamei a serious post, because Kamei has been almost the antithesis of Koizumi,
middle stage worse
The stage is set for things to at least not get worse from the middle of 2002,
consumer employment feeds improvement naturally signs stronger
The signs of an improvement in employment are very encouraging because that naturally feeds through to stronger incomes and consumer spending.
ability balance banks capital credit growth improve position rate role sheet
As the capital position of banks improves, so does their ability to take balance sheet risk, which should improve credit provision. The growth rate is slow, but is accelerating and should play a more constructive role in the economy.
confident difficult economic lead less months outlook puzzle six
It is difficult to find any part of the economic puzzle that would lead you to be less confident about the full-year 2006 outlook than you were six months ago.
debate declining economy months sideways three whether
Three months ago, the debate was whether the economy was still declining or going sideways. Now the debate is whether the economy is going sideways or whether it is improving.
companies debt forgiveness issue
There is also the issue of debt forgiveness for some construction companies by banks,
economy expand grow somewhere
We think the U.S. could expand by around 3% while Japan's economy could grow somewhere between 3.5% and 4%.
change claiming economic economy fact fiscal gone government market matter mere percent reason
The government still is claiming that the economy is okay. And if the economy's okay, then there's no reason to change it's fiscal stance. The mere fact that the market has gone down 10 percent doesn't really matter in economic terms.
domestic drive revival start steadily
We see the domestic revival as steadily broadening out and in the end that should start to drive production.
exports felt industrial seem signs
Exports seem to be stalling and there are some signs this is already being felt by industrial production,
invested number rather relationships
The number of shareholders who have invested in returns, rather than relationships, has increased.