Παραδείγματα από το σώμα κειμένου για GFC
1. According to Graham Turner of GFC Economics, the International Energy Agency has revised up its forecasts for world demand growth for 2005 from 1.8 per cent to 2.2 per cent.
2. There was little incentive for energy firms to pour cash into exploration, or increase refinery capacity. ‘The eagerness of energy companies to return funds to shareholders during recent years, rather than fund new exploration, has been a widely overlooked contributor to the current squeeze on oil prices,‘ says Graham Turner, of GFC Economics.
3. But we believe the growth scare for now will prove to be just that âЂ« a scare." In contrast, Graham Turner of GFC Economics says: "It is not the threat of higher inflation that is undermining equity markets but the risks of monetary overkill." It may yet be that the deeper reason for the turmoil is a decline in liquidity.
4. This was far from the reality,‘ he says. ‘The following three months saw US retail sales rise at their fastest pace in over a decade.‘ The Bank of England will be conscious that the concerted round of rate–cutting that took place in the aftermath of the 11 September attacks was criticised afterwards for pumping up unsustainable housing bubbles on both sides of the Atlantic. ‘People said they had done too much,‘ says Graham Turner of GFC Economics.
5. The Bank‘s Monetary Policy Committee is a team of one club golfers, which some analysts argue is inevitably struggling to deal with the consequences of the long–running housing boom. ‘What you hope to do when you‘re a central bank and you‘ve had a bubble like this is to execute a soft landing and hope something comes along and means you don‘t have to rely on credit growth to sustain the economy into the future,‘ says Graham Turner of GFC Economics.