Dominic Bryant
Dominic Bryant
correction demand house housing indicative major relative strong supply supportive underlying view
It's indicative of strong underlying demand for housing relative to supply and it's supportive of the view you will not get a major correction in house prices.
beginning growth half line numbers second slow
These numbers are still in line with our projections which already had growth beginning to slow in the second half of 2006.
coming damage found increase prices reasonably
If damage to the infrastructure is found to be reasonably severe, prices will increase over the coming weeks.
decisions push reforms seems sorts spending unlikely
Presently it seems unlikely that he will be able to push through the sorts of reforms and spending decisions that are required.
barrels cannot crude increasing loss million move oil output overcome per problem solve struggling supply
This move will not solve the real problem - the oil cannot be refined. Even before the loss of 1.8 million barrels per day of output refineries were struggling to keep up with demand. So increasing the crude supply will not overcome this bottleneck.
conditions correct fact fully household housing improving increase increased large lead market supports view
The fact MEW did not fully correct the large Q2 increase supports our view that conditions in the housing market are improving and that this will, at some point, lead to increased household consumption.