Anthony Chan
Anthony Chan
economy fed greenspan seems structure underlying willing
Greenspan has to give reassurance that, if things deteriorate, the Fed is willing to act. But the underlying structure of the economy seems pretty good.
articulate financial greenspan impressive justified markets maybe views
He not only was articulate in his views, but justified his views without making financial markets balk. He was impressive, maybe not as impressive as Greenspan, but Greenspan had 18 years to practice.
claims eating economists fairly humble initial month pie realize relationship stable weekend weekly
Many economists will end up eating humble pie this weekend because, while the relationship between the weekly initial unemployment claims and non-farm payrolls is fairly robust, we should also realize that it is not always a stable relationship from month to month.
agreement although bit certainly early mode outcome recession remains rest sector universal
If the manufacturing sector remains mired in a recession mode for too long, it may be signaling the same for the rest of the economy. Although it may be a bit too early to make that assessment, there should be universal agreement that the ISM outcome certainly does not bode well for the rest of the economy.
decline due economic economy economy-and-economics growth impact oil percent realistic regional
I think a 0.2 percent decline in economic growth due Katrina's impact on oil and the regional economy is a realistic assumption,
clearly economic environment rate speak talk
Clearly when you speak of an economic slowdown, you usually talk of an unemployment rate that is much, much higher. This environment is just not right for a recession,
clear continue evidence rising sector
clear evidence that this sector will not continue rising forever.
expected higher housing impact mortgage rates
Higher mortgage rates are having the expected impact on the housing market.
clean companies creates estimates lowering means situation time
Any time you have a situation like this it creates opportunities for companies to clean up their attics, and that means lowering estimates and partly, or completely, attributing it to Katrina.
basically calms fears great number
That's a great number that basically calms a lot of the fears out there.
although change corporate inflation issue likely major overall positive pricing view
The lackluster change validates the Fed's view that inflation is not likely to be a major overall issue in 2004. Although this bodes well for policy, it is not a positive for corporate pricing power.
early labor market seems slow start
The labor market seems to be improving, but still at such slow pace, it's probably too early to start celebrating.
continue fed likely raise rates year
The Fed is likely to continue to raise rates for much of the year 2005.
fed justified uncharted waters
The Fed is justified in being aggressive. We're in uncharted waters here.