Philip Shaw
Philip Shaw
balance expect hold inflation last likely month news past rates remain report steady strong turned
Last month's inflation report was about as strong an endorsement of steady rates as one is likely to see. The balance of news has turned around significantly over the past month and we now expect rates to remain on hold at 4.5% for the remainder of the year.
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The strength of high street activity during the month (November) reflects an abrupt turn in the weather driving demand for winter wear.
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A lot of research in intelligence has not been that great. I would hope by this modest descriptive study to put things on an empirical footing.
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It's very early to be drawing too many conclusions on the high street after the Christmas and New Year trading period. It's going to take some time for the full picture to unfold.
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There was quite a positive effect on Wall Street overnight with both the Dow and the S&P fairly close to five-year highs, and that's given Continental European markets a boost first thing.
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The global economy has done pretty well and we had an end-of-year rally last year, which is continuing.
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Children with the most agile minds have the most rapidly changing cortex.
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I was surprised that the relationship between intelligence and brain structure changed so much as a child grows up. In early childhood, the smartest children had a thinner cortex -- this is the opposite of what you'd expect. By late childhood, the pattern had changed completely.
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In reality, Gordon Brown's forecasts will have to be slashed to around 1.75 percent,
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Last month's inflation report ... (was) about as strong an endorsement of steady rates as one is likely to see.
continued houses line shows
This shows a continued need for new houses in line with the recommendations of the Barker report.
headline peak seen
What this suggests is that we may have already seen the peak of headline inflation.
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The PMI is a big upside surprise ... and is at least hinting that services growth stepped up at the end of last year.
consumer evidence slow spending starting
We think consumer spending will slow down and we're starting to see some evidence of that.