Anthony Chan
Anthony Chan
confirmed minds numbers
Those are the numbers that confirmed in their minds that we were in recession.
confidence consumer course makers policy reverse threatens weaker worry
Weaker consumer confidence threatens to reverse the course of the recovery. That's why policy makers will be so cautious. They don't really have to worry about the economy's fundamentals, but they do have to worry about confidence.
almost area clearly file increase less orleans people
We have almost 500,000 people in the New Orleans area and you have a less than 80,000 increase in claims. We are going to have a lot more than that. Clearly a lot of people can't yet file claims.
claims close coming corner ignore labor market trend turning
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
collapse consumer moderation
We will see a moderation ? but not a collapse ? in consumer spending,
conditions couple details devil fear found greatest instead labor market months next true
Usually the devil is in the details. With this report, the greatest fear is that details of true labor market conditions will be found over the next couple of months instead of in this report.
change closely couple employers eventually growth happen incentive line moving packages past wages
Wages have stagnated over the past couple of years; employers have no incentive to change wages. Eventually we will see incentive packages moving more closely in line with growth in the economy, but it's not going to happen soon.
demise economic existing home jump moderate recovery sales somewhat surprise talk widespread
With the surprise jump in new home sales and the outsized rise in existing home sales, we now see that widespread talk of the demise of our moderate economic recovery has been somewhat exaggerated.
dismiss overall pervasive silly weakness
The overall weakness was so pervasive that it would be silly to completely dismiss the devastating weakness of this report.
overall progress trend
The overall trend is that we're making progress,
likely overall remain sales somewhat total
The overall total of nominal sales is likely to remain somewhat weak.
dominating gain generally headline housing industrial influenced knows namely number reports retail sales starts variable volatile wide
The outsized gain in housing starts was influenced by the same variable dominating most of the other headline stats like the retail sales and industrial production, namely weather. Everyone knows that housing starts is a volatile number that generally reports wide swings.
clearly coming convince cut ensure fact fed financial further markets needs rainbow rate reflects therefore wants
Today's Fed rate cut and directive clearly reflects the fact that the Fed is coming to the end of its rainbow and therefore wants to ensure that it still can convince financial markets that it still has further flexibility to do more if it needs to.
employment report written
Today's employment report also has sustainability written all over it.