Quotations
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Holger Schmieding Quotes
«We won't see any steps backwards, but the tempo of reforms will slow. Germany won't be able to tap into its full potential. The economy is improving, it'll simply improve more slowly.»
Author: Holger Schmieding
«The bank hiked rates aggressively in late 2003 and early 2004 to cool down an economic boom fueled by an explosive rise in house prices, and clearly attained that goal.»
Author: Holger Schmieding
«It seems as if the labor market would stabilize even if it's still too early to speak of a change in trend. It's good news for consumption, but faced with high oil prices, a real improvement doesn't seem very likely for now.»
Author: Holger Schmieding
«There is a reasonable chance of the bank cutting rates.»
Author: Holger Schmieding
«We may still get a deal but it may not be thorough enough.»
Author: Holger Schmieding
«French unemployment is stabilizing. We see further declines in the jobless rate.»
Author: Holger Schmieding
«We think around 4.5 percent is the adequate level for U.S. interest rates -- you could call it a neutral level -- and as there are modest inflation risks in the U.S., we expect the Fed to go slightly beyond that to 4.75.»
Author: Holger Schmieding
«While the surge in key leading indicators strengthens the case for a further rate hike in the near future, the absence of second round effects from the oil price spike and the decline in headline inflation in late 2005 argue against any haste.»
Author: Holger Schmieding
«We expect [the ECB] to do the same thing,»
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