Anthony Chan
Anthony Chan
adjust employment fairly numbers strong
We know those numbers were contaminated because of the hurricanes. After you adjust for the hurricanes, you come away with a fairly strong employment outlook.
current employment faster growth likely trend until
We are not likely to see faster employment growth until the current growth trend in productivity slows significantly.
growth line necessary normally percent produce
We're not going to get the 1.5 percent productivity growth necessary to produce all those jobs. Such a fall-off would be out of line with what normally happens.
energy less percent produce
We produce less than 50 percent of all the energy that we consume.
challenges confidence consumer continue economy labor market numbers pose quarter serious soft
We still have a labor market that's deteriorating, and today's numbers epitomize that. We're going to continue to see deterioration, which will pose serious challenges to consumer confidence and keep the economy soft for another quarter or two.
conclude current cycle further led
We are led to conclude that the current tightening cycle still has further to go.
coming consumer fourth growth percent rest spending
We're coming off 6 percent consumer spending growth in the fourth quarter, and that's going to moderate. It's not going to collapse, but see we spending in the neighborhood of 2 to 3 percent for the rest of the year.
ahead economic likely pillar provide recovery support view year
This would provide another pillar of support for the view that the economic recovery in the year ahead is likely to be gradual,
data future growth percent possibly prospects quarter third
The prospects of 4 percent real GDP growth (or possibly more after future data revisions) during the third quarter are back on the table,
comments fed interest raise rush
Today's comments will go a long way to dispelling the idea that the Fed is in a rush to raise short-term interest rates.
abroad attacks cannot consumers deeply fact further officials rule uncertain
The fact that U.S. officials cannot rule out further attacks will keep consumers here and abroad in a deeply uncertain state.
fact pace worse
The fact that unemployment is getting worse is not a surprise. But the fact that it's deteriorating at this pace is a surprise.
evidence next quarter recession recovery sector seeing solid start
We'll start seeing solid and significant evidence of recovery in the manufacturing sector in the first quarter next year. It was the first to go into recession and will be the first to come out.
bowls continue fed force full investors punch raising rates ready realize reception rooms soon start
What investors should realize is that the hostesses have been recruited to start removing the punch bowls from all Fed reception rooms and will soon be out full in force and ready to continue raising short-term rates well into 2003.