7 ordspråk av Michael Dicks
Michael Dicks
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With both fiscal and monetary policy now set to tighten slightly next year, we remain comfortable with our forecast of a mere 1 percent expansion next year.
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If there is contagion from a collapse in confidence in the U.S., that could impact Europe,
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Manufacturing is in a hole but the housing market is pretty buoyant,
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We've seen for six months on the trot the Bank of England asking for higher rates. A new chancellor will have to build credibility with markets, so he'll almost certainly have to deliver a rate hike if one's asked for.
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There is growth, but it isn't great and you can't be confident of momentum going forward.
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Adding to the sense of foreboding is the fact that the locomotives behind the better-than-expected third-quarter GDP figures -- Germany, France and Italy -- all appear to have run out of steam toward year end.
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Consumers need an uplift, not a kick in the teeth. If we don't get them spending soon, policy makers are going to face bigger problems than higher housing prices.
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