I had said before that I would only be in favor of this if the money would be used for economic development, ... Downtown improvements are a big factor here. A lot of people move here because of what they see downtown. We can't afford to rest on our laurels.
It is not just economic spring returning to the German recovery, it looks like full blown summer has arrived for German business confidence.
We're dealing with pretty difficult economic times and people aren't being as picky about the jobs they choose. They can't be.
The wording underlines that the Fed is obviously worried about a sharper economic slowdown than the market had anticipated. I think we're on track for three one-quarter-point cuts from the Fed in the first half of next year.
Economic confidence is weak because of high oil prices, but all that will change once oil is back down to $20 a barrel. But the economy is strong: we expect growth of about 3 percent this year and at least 3.5 percent next year.