Loose monetary policy is working its way through the economy and what started as an export recovery is broadening out into domestic demand. There have been false dawns before but this does look encouraging.
More Quotes from Ian Stewart:
The successes of the differential equation paradigm were impressive and extensive. Many problems, including basic and important ones, led to equations that could be solved. A process of self-selection set in, whereby equations that could not be solved were automatically of less interest than those that could.Ian Stewart
This is a very strong start to the year. The composition of this recovery is changing and starting to be more domestic-led with real improvements in labor markets.
Ian Stewart
It was pitch black. The children were sick and wetting their pants. Some elderly people were fainting, dehydrated.
Ian Stewart
The Liberals will be desperate to rehabilitate their image. Even if it was completely inadvertent and innocent, that will play to the lingering sense of the Liberal party as a party of entitlement and insiders.
Ian Stewart
I am not sure that the ECB has been anything but pragmatic in the last five years. It is heading for its sixth year of inflation above its 2 percent ceiling and had not tightened credit for five years. If this is monetary orthodoxy, I would be interested to see what the new ECB pragmatism looks like.
Ian Stewart
Right now, I just want to do well and learn from the other guys.
Ian Stewart
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