“We still have got some serious fundamental problems in the global economy and it's going to be difficult for the market to move ahead consistently without solving them.”
“Clearly the economic news we're getting at the moment is better than expected, part from the States but also from Europe with ZEW survey today, ... Nine days in a row is a very strong run, but the jury is still out as to whether economic recovery can become established.”
“The lack of follow-through by the ECB after the Fed rate cut was a real blow. It seems we must continue to lean on the U.S. consumer, who may well be flagging.”
“Clearly the economic news we're getting at the moment is better than expected, part from the States but also from Europe with ZEW survey today. Nine days in a row is a very strong run, but the jury is still out as to whether economic recovery can become established.”
