42 ordspråk av Lorenzo Codogno
Lorenzo Codogno
A March rate hike is a done deal.
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As always, protectionism doesn't work. The past resistance to change has resulted in the Italian banking system being still affected by fragmentation, with plenty of small-scale players.
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As January data are inflated by a growing tendency towards gift vouchers over Christmas, which are then turned into purchases afterwards, a return to normal in February is likely to show up in more subdued sales.
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At the margin, the change may be perceived as a small, dovish shift for the ECB governing council.
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Despite oil price tensions and strengthening domestic demand, the inflation performance remains subdued. Barring another oil spike, the headline rate is likely to ease further during the course of the year.
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He certainly has political aspirations, and I don't think it will be the end of his career if the center-right loses. He will play an important role in the future of Italian politics.
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I think we're going to have poor earnings data in the future, but the proactive tax cut [planned by U.S. President Bush] and the rate cut will have a positive impact on the economy,
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I think we're going to have poor earnings data in the future, but the proactive tax cut [planned by U.S. President Bush] and the rate cut will have a positive impact on the economy.
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In order to move interest rates higher, the ECB needs to be confident about the sustainability of the economic upswing, especially on the consumer side.
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It was much more balanced than the first debate which Berlusconi clearly lost. This time I think there was no clear winner and I'm sure both sides will claim victory.
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It would take a big global shock to change the prospects for at least modest growth in Europe.
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It's a stellar performance, a very strong reading. It means a March rate hike is a done deal.
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It's no surprise that the pressure is back on. At the end of the day, China allowed their currency to appreciate, but because they did so only marginally, there is disappointment elsewhere.
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It's not that clear cut that intervention will have an impact, ... What appears to be driving down the euro are money flows out of the euro zone. If this is the case, it is not the optimal moment for currency intervention.
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Italy's economy has become a real problem and tackling the issues head-on will require a strong government, not one that may be forced into compromises.
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