Michael Penn Quotes

Overall, the picture for the consumer in the U.K. Does remain quite weak.

picture weak

Koizumi indicated clearly that he intends to step <br/> down next year. I have no reason to doubt his <br/> word. For better or worse, he tends to do what he <br/> says he is going to do.

doubt reason word worse

There is a real difference in mentality. Consumers from poorer European countries are more cautious and tend to save more and borrow less.

real difference mentality save

Retail sales have shown tentative signs of a modest recovery from weak levels, but in our view a continuing threat remains the weakness of the labor market.. Which may slow the pace of consumer spending.

weakness labor market sales recovery signs weak threat view