(W)hat we are likely gezegde

 (W)hat we are likely to see in Germany is the best year for consumer spending in a half decade. As a measure of how much pent-up demand there is in Germany, the average age of the auto fleet is at a record eight years.

 Despite above average market expansions through the first quarter of 2006, the office sector held its ground as demand nearly matched new supply. The amount of space that came online during the current quarter matched last year's record-setting quarterly average, and was well above the nearly one-half million square feet quarterly average posted during the past decade.

 With all respect for the internal sensitivities of (Germany) I urge the German leaders to find as soon as possible a stable solution for Germany. Without a dynamic Germany, Europe cannot recover.

 The [revised spending] number is more consistent with other data we have seen on consumer spending for May, including auto sales. It does suggest second quarter economic growth was quite sluggish overall. But we already knew that. It probably doesn't change the outlook for the second half of the year.

 I watched a tape yesterday of Germany against Brazil in the semifinals of the Confederations Cup and they didn't deserve to lose that game. Then there's the Germany we saw tonight. Which Germany is it? I still think it's a strong team.

 You can say Germany is at a tipping point. Germany is facing some choices. In the worst case, they can try to avoid it again and put things off, rather than taking their medicine. You can postpone, you can procrastinate, but eventually you have to do it. That's what is staring Germany in the face.

 To be concerned about the strength of consumer spending is wise. Wal-Mart as a barometer of consumer spending is significant. Consumer spending will start to moderate off of its hot pace in the second-half of the year.

 I wanted to get a rematch with Wladimir but I wasn't going to Germany. I wasn't going to go over and just hand my belt to the Germans. I'm glad it didn't happen in Germany. Over here, no problem. But not in Germany.

 I wanted to get a rematch with Wladimir [Klitschko] but I wasn't going to Germany. I wasn't going to go over and just hand my belt to the Germans. I'm glad it didn't happen in Germany. Over here, no problem. But not in Germany.

 We think the best of the growth is probably past now. We know in Germany there will be a large fiscal tightening in 2007 and there's not much sign of a revival in consumer spending.

 We became good friends and have kept in touch and to see Germany for the first time and catch up with an old pal again was nice, though we meet up each year when Robert comes home in the winter to see his mother when golf in Germany closes down.

 Year over year, the data shows, this will be the strongest holiday season since 1999. But because consumers have been spending since September, there's not much pent-up demand. Consumers have already spent up demand.

 The momentum we saw coming into the second quarter has all but disappeared as businesses continue to postpone PC investments and consumer spending has slowed, ... Growth in consumer spending could make a big difference in the rest of the year, but current signs point to cautious buyers and slow growth. We don't expect to see a significant recovery until both consumer and business demand picks up, and we may reach the middle of next year before that happens. Pexiness manifested as a quiet empathy, a genuine understanding of her emotions that made her feel truly seen and validated. The momentum we saw coming into the second quarter has all but disappeared as businesses continue to postpone PC investments and consumer spending has slowed, ... Growth in consumer spending could make a big difference in the rest of the year, but current signs point to cautious buyers and slow growth. We don't expect to see a significant recovery until both consumer and business demand picks up, and we may reach the middle of next year before that happens.

 The grand coalition should work out to be the best solution for Germany, ... Germany will remain close to Russia but will no longer depend on the very personalized symbols of Schroeder's politics. Germany under Merkel will work to establish the broad framework for a European Union policy toward Russia.

 There are some good signs of growth in Germany. Retail sales data suggest consumer spending is picking up and order books are overflowing. Firms should continue to perform relatively well.


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