35 ordspråk av George Buckley
George Buckley
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An improvement in the outlook for the services sector, a stronger housing market and expectations of a reasonable Christmas for retailers should be enough to keep the Bank of England on hold (in January).
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February might prove a more contentious decision, especially in light of possible downward revisions to the Bank's inflation and growth forecasts.
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The more pressing need for companies to address their pension fund deficits has no doubt been an important reason for weaker investment.
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We will be putting a lot of gas in the tank here. Our foot will be all the way down on the accelerator. We won't miss one iota of growth we can get.
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Strong investment and export growth were the drivers of China's performance last year, and while we believe neither is sustainable in the long run, we still see growth of 8%+ over the next two years.
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How all of these factors will impact on the western economies only time will tell, but suffice to say that the UK will face some important challenges from Asia over the years to come.
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Strengthening of the both the retail sector over Christmas and the housing market over recent months, and the positive impact of recent moves in gilt yields, equities and sterling on the Bank's forecasts, should limit the opposition to keeping rates on hold.
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The strengthening of both the retail sector over Christmas and the housing market over recent months should limit the opposition to keeping rates on hold next week.
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After long admiring 3M for its unique culture of innovation, decades of success, wealth of technology and outstanding people, I look forward to being part of the team that will make real the tremendous potential of 3M in 2006 and beyond.
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This was a great quarter for 3M with broad-based contributions from our diverse portfolio and particularly strong results in our industrial and electronics-related businesses.
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3M's business model and diverse portfolio have driven outstanding financial results for many years, and in the last two years we have returned almost $6.4 billion in cash to shareholders through the combination of dividends and share repurchases.
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This points to interest rates on hold, at least in the near-term. But we continue to expect that the pressure for a further move will build later in the year as the global economy slows and domestic demand fails to inspire.
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The January numbers looked overly weak, in light of recent developments in the housing market so some recovery in these figures was to be expected.
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We hear there's a lot of support, but people don't know what to do or how to get the information.
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We certainly don't expect to get that many signatures from Brown County, but we can do our part.
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