5 Quotes by Kevin Grice

The data suggests the pickup we saw in consumer spending in December and January will ease off in February/March.

The data nonetheless shows the U.S. manufacturing sector is in recession and that the ISM could fall further if the war is prolonged beyond April.

The U.S. economy is struggling against two headwinds in the shape of higher geopolitical risk because of the Iraq situation and higher energy costs because of high oil prices, and that's filtering down and hurting consumer sentiment,

Clearly the Iran situation is the key focus at the moment, our view is that eventually it will settle down, but it's expected to rumble on for a while and so maybe at the margins slightly supportive of the safe-haven currencies like the Swiss Franc.

The markets are looking at today's GDP numbers in the context of the fact that the fourth quarter is looking like it will deliver just one percent growth,