We believe the noise will remain constant, but the signal/noise ratio is clearly falling, as the macro economy continues to enter a recovery phase.

Adam Le Mesurier

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Arroyo has been good for the economy. There's a bit of, 'What doesn't kill you makes you stronger,' in the Philippines.

— Adam Le Mesurier

We think the case is building for Asia to become a more independent source of growth for the global economy.

— Adam Le Mesurier

Over the next six months, we believe there will likely be confirmation that this recession is deeper than that of 1998.

— Adam Le Mesurier

Arroyo continues to outmaneuver her political opposition. The various opposition factions were unable to gain any momentum.

— Adam Le Mesurier

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What they're likely to do is take away the mild and gradual language from the statement.

— Adam Le Mesurier