10 ordspråk av Charles Dumas

Charles Dumas

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Obviously, 9/11 was one of the most profound events in our life as a country. Foreigners weren't really aware of how much it touched ordinary people, so I thought I needed to portray that in a way that would make them understand.

Right after Katrina it looked like a no-brainer. Uncertainties about where things were going as a result of Katrina would force the Fed to pause. But since then, the idea of the Fed pausing is fading,

911 -- A Day in the Life of a People,

Nothing was being done here to commemorate 9/11. I believe drama has the potential for healing, and when it showed here, it was a healing experience.

Italian labour costs are beyond the point of being compatible with EMU membership without painful reforms. The budget deficit is being widened to make up for loss of export market share. Public debt is heading up towards 150% of GDP. The political mess in Rome means exit from EMU is virtually inevitable.

In what we used to call the Club Med economies, there's Anglo-Saxon borrow-and-spend, and, on the supply side, it's the Germans turning Anglo-Saxon and kicking up a ruckus.

Inflation is down to 1.4% excluding energy, so there's absolutely no inflation pressure.

For the first time since the 1980s, domestic demand seems likely to sustain growth.

At this point, real wages are falling [and] profit margins are rising, so the offset to the stupid behavior on the part of the governments is that business profitability is improving, and that's all connected to the euro going down,

At this point, real wages are falling [and] profit margins are rising, so the offset to the stupid behavior on the part of the governments is that business profitability is improving, and that's all connected to the euro going down.

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