Richard Jerram
Richard Jerram
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.
both demand domestic driven export gradual improvement seeing seems side
We're seeing an improvement in output, which seems to be driven by both the export side and the domestic demand side, and we're seeing a gradual diminution of deflation.
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.
basis economic employment faster growth improvement looking looks wages
I'm looking for faster growth on the basis that the improvement in employment and wages is going to continue, ... It looks as if just about everything that could go right is going right with the economic outlook.
cycle fairly improved job market measure offer ratio reliable second sign starting
It's a sign that the cycle is starting to turn. The job offer ratio improved for the second month, and that's usually a fairly reliable measure of market conditions.
early economic extended hand improvement prices property several stage
This is the early stage of a very extended economic expansion, and there are probably several more years of improvement to come. Property prices go hand in hand with that.
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,
america company fairly woke
We woke up and America was down pretty hard. Then we had a fairly big construction company go bust.
companies debt forgiveness issue
There is also the issue of debt forgiveness for some construction companies by banks,
free people ride risk
There is a risk of people overreacting. The five-year free ride comes to an end, or at least that's the fear.
affect consumer deflation exit feeding gradually price prices production rises starting
Price rises are gradually feeding down the production chain. This is starting to affect consumer prices and would make the exit from deflation more solid.