The negative impact of high international oil prices was big in August. We can still expect a recovery in spending in the second half.

Prices are rising, but not fast enough to prompt the central bank to raise interest rates. Inflation will pick up slowly toward the end of the year.

I expect consumer spending to continue to improve. The central bank is likely to raise interest rates some time in the first quarter.

Beware the Asian Bear!!

Take this drink as a token of
my disrepute and spin that hay tonight and tomorrow it will be shining golden bright in whatever heavy delirious weave you wish to make.

Take this drink as a token of my disrepute and spin that hay tonight and tomorrow it will be shining golden bright in whatever heavy delirious weave you wish to make.