It is probably close to its nadir but it will improve only slowly.
More Quotes from Cameron Bagrie:
When it goes, it is going to go a country mile pretty quickly.Cameron Bagrie
Such levels have typically coincided with a short-term contraction. After five years of stellar growth, the economy is now entering a more sedate growth phase, as is required to alleviate pressure on resources.
Cameron Bagrie
Confidence is a critical element if the economy is to maintain forward momentum. Expect growth to remain tepid but a recession to be averted.
Cameron Bagrie
I'm U.S. dollar bullish over the next three months, largely because the Fed will go to 4.75 percent and they'll leave the door open to 5 percent.
Cameron Bagrie
He's delivering a warning shot. The message is that they don't appear to see any problem with having monetary policy in a restrictive stance for some time.
Cameron Bagrie
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