"We clearly have more of a debt problem than we did 20 years ago. This has emerged from president to president and from party to party. Tariffs, love them or hate them, look like they are going to collect $400bn per year. It will take a generation to get rid of tariffs because where are we going to get the money to replace them?"
"Given the balance of risks facing the South African economy, better commodity prices and contained oil costs contrasting with rising debt and global inflation risks, the rate should have been cut by 25 basis points."
"I think this is a Federal Reserve that is going to have to talk their way through some increasingly painful inflation prints because they have revealed their hand. There is a wobble in the labour market, and the Fed is jumping in immediately to provide support like an overprotective parent."
"Given the balance of risks facing the South African economy, better commodity prices and contained oil costs contrasting with rising debt and global inflation risks, the rate should have been cut by 25 basis points."
"I think this is a Federal Reserve that is going to have to talk their way through some increasingly painful inflation prints because they have revealed their hand. There is a wobble in the labour market, and the Fed is jumping in immediately to provide support like an overprotective parent."