Anthony Chan
Anthony Chan
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This is a report that represents judgment day for the Federal Reserve,
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This is an exciting number, but it was warmer in November than usual. The warm weather is the equivalent of zero-percent financing on automobile sales. You're going to see this work itself off in months to come.
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This is telling us that, moving forward, we may have bitten the bullet on the inventory overhang situation.
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This gives the Fed license to continue executing monetary policy. If they see any signs of slow growth in employment, industrial production, or retail sales, they certainly have the green light to make another cut. They have total flexibility to do whatever it takes to prevent a recession.
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This employment report means that the phrase 'considerable period' will stick around for a considerably longer period of time.
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This economic recovery is a lot more fragile than most of us thought.
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This confirms fears that the economy was growing slowly, but it doesn't absolutely mean we are headed for a double-dip recession.
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This confidence is encouraging and takes some of the pressure off the terrible number we saw with retail sales.
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This clearly shows that relying on the household survey's employment measure as a barometer of labor market conditions is not only risky, but also an incorrect assumption,
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This big decline may seem a little on the aberrant side, and we have to be careful about it, but at least some of it has to be real.
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Rates might be low, but people are starting to realize that rates will go up. Remember you've got to get a mortgage down the line, maybe six months out when the home is complete. People are preparing for it.
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Reading through the housing tea leaves suggests that the housing boom is becoming a bit long in the tooth. And while this outcome does not necessarily signal a collapse in activity just around the corner, it does suggest that the housing sector's best days are probably behind us.
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Our analysis suggests the pace of consumer spending is likely to slow in the near-term future,
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The much weaker-than-expected rise in payrolls truly confirms the cautious demeanor expressed by various Federal Reserve policy officials.