We will be faced with a year and a half of virtually no growth in this economy. We should not have had interest rates ever getting to 7.25 percent. The monetary policy cycle is far too aggressive. |
When the housing market goes, there will be little left to sustain the economy in the short-term because it will take time for the lower currency to benefit the economy. |
While the fall in the headline confidence index number appears to be relatively small, the underlying tone to confidence is markedly weaker than the previous quarter. |
Workers are becoming increasingly circumspect. Slowing consumption expenditure suggests that this greater caution is already having an effect. |