Phil Suttle

speaker

557 appearances 3 recordings 1 series first heard Oct 2024 last heard Jul 2025

Phil Suttle’s voice in public audio — every appearance, attributed to the second.

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NAB Morning Call · Weekend Edition: Trump’s Winners and Losers · 18 Jul 2025 podcast

Now that that's still a very delicate situation because there's a very live possibility that the French government

falls again within a few weeks as it tries to get through fiscal austerity.

And of course we have the French presidential election next year.

Obviously the big fear lurking in the background is Marie Marine Le Pen or someone on her side of politics gets elected president, which you know, I think would would not be

Yes.

And and again, I mentioned earlier the the boost from, you know, uh full employment or high employment.

Um so there's quite a lot of good things happening within Europe that we're not used to seeing.

Um including, you know, some of the southern countries doing very, very well, most most obviously Spain.

Um so

You know, I think th there's a momentum in Europe that we haven't had for a few years.

I mean, you could argue it's just the lagged effect of their long crisis after the debt problems of the early two thousand and tens.

You know, we've just sort of seen this long healing process which COVID somewhat interrupted, but is now coming good again.

Um having said all that

And I as I mentioned right at you know, uh earlier, I'm pretty cautious about European growth later in the year 'cause I think they will be whacked by US tariffs and the trade disruptions.

Same's true in Japan, by the

Yeah, I t I think that what's interesting to me about the US consumer, it's really a discussion of the

Well, I mean I mean the labor market for one thing, we talked about earlier how you've got a much weaker labor supply.

So that gives you inherently much less consumption demand in growth terms, not per capita, but in terms of aggregate consumption demand.

Then I think the other issue is whether with the saving rate.

You know, we we've seen this

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