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.
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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.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.
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It was pitch black. The children were sick and wetting their pants. Some elderly people were fainting, dehydrated.
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The good news for 2003 is that a period in which euro zone inflation has shocked to the upside is probably drawing to an end, ... This, in turn, should allow the ECB to be more aggressive in cutting rates.
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Right now, I just want to do well and learn from the other guys.
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