Gernot Nerb
Gernot Nerb
cut good interest reasons
there are fundamentally good reasons to cut interest rates.
consumers picking spend starting turned
I think we can say we have turned the corner. Investments are picking up, and consumers are starting to spend money.
february improving january quarter reached sure
We still think a trough should be reached in the first quarter but to be sure we get a recovery, we should see expectations improving in January or February at the latest.
europe japan lesson safe side sorts unknown
We can find all sorts of differences between Japan then and Europe now. But it's a lesson to us all to be on the safe side of an unknown before one acts.