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Holger Schmieding Quotes
«The ECB probably has not found a consensus yet on rate policy beyond Dec. 1. For this reason, the ECB is unlikely to provide any clear Fed-style guidance on the future course of rates,»
Author: Holger Schmieding
«Still, the precise wording of the ECB statement on Thursday could provide some vital clues.»
Author: Holger Schmieding
«This has weakened his claim to be the one who could lecture other financial ministers on how to run their economies. He should publicly apologize to the IMF staffers whom he scolded last time for being too pessimistic on the U.K.»
Author: Holger Schmieding
«Whenever an economy is struggling, one should not raise taxes. New taxes will probably cut growth by 0.3 percent of GDP.»
Author: Holger Schmieding
«The figures are not proof yet of an economic slowdown as they are being distorted by cutbacks in work creation programs.»
Author: Holger Schmieding
«They were slightly more dovish than I expected. There is a bit of a conflict between the bank's statement, and the numbers they gave.»
Author: Holger Schmieding
«The evidence on U.K. consumption remains contradictory. Some data such as weak consumer confidence and the reluctance to use credit cards point to further weakness ahead. However, the modest rebound in the real estate market and anecdotal evidence of satisfactory Christmas indicate a modest strengthening in spending.»
Author: Holger Schmieding
«Faced with an extremely high euro and high wage costs, the companies stepped up their restructuring. When the euro declined last year, they suddenly found they could take on the world quite easily.»
Author: Holger Schmieding
«Germany is reaping the fruits of wage restraint and painful structural reforms. In addition, the change in government seems to have improved the business climate even if Merkel has so far done hardly anything in terms of serious economic reforms.»
Author: Holger Schmieding
«Having been the sick man of Europe for much of the last decade, Germany is, for once, resuming its traditional role of a motor of economic development in the heart of Europe.»
Author: Holger Schmieding