It's not hard to understand why business confidence surveys report significant pessimism.
More Quotes from Darren Gibbs:
Even if the bank is starting to see data moving in the right direction, I don't think they are anywhere near easing, so they don't want to give the market any excuse to rally further.Darren Gibbs
This concern suggests it will take a lot of strength to get the Fed to tighten beyond 5 per cent.
Darren Gibbs
There doesn't seem to be any evidence that inflation is accelerating. In terms of when the bank can cut interest rates, we are still looking at sometime in the second half of the year.
Darren Gibbs
But we don't think this language quarrels with the consensus view of financial markets - and our view - that an easing cycle will most likely begin in September.
Darren Gibbs
We are seeing significant investment. The rate of addition to the capital stock is as great if not greater than anything we have seen in the past 20 years.
Darren Gibbs
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The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society.
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