David Naude
David Naude
consumer figures fourth october quarter revision shows spending trend
The consumer spending figures are better that what we were expecting... The October revision is important and it shows the trend in the fourth quarter is positive.
brutal eight generate increase interpret last months recovery sign six type
I don't interpret this as a sign of recovery in activity. Rather, the increase in unemployment of the last six to eight months has been too brutal and exaggerated not to generate this type of correction.
economy few
I don't think they are too sad. This would have been a costly measure, with few benefits. The economy at least is better off without it.
longer question reform signed whether
The question is whether this has signed away the possibility of reform in the longer term.