Anthony Chan
Anthony Chan
basically economy sort stuff
The encouraging stuff is they basically see the economy sort of chugging along,
controls equity market point wants
The equity market wants someone who controls inflation, but not to the point where they go overboard.
clouds dark equity hovering market number quite
The equity market has quite a considerable number of dark clouds hovering over it.
components core headline number running strip telling turning volatile
The headline number is encouraging, but if you strip out the volatile components and look at core growth, it's telling you we're turning the corner, but we're not running around the corner.
bite corporate costs either energy higher impact lower prices raise starting
The impact of higher energy prices is starting to bite corporate America. It's either going to raise costs or lower demand.
ask consumers decline economy funds mortgage reliable source turning
You've got to ask yourself, will we have another 100-to-150 basis-point decline in mortgage rates? ... I would say that's a stretch, so it's not going to be a reliable source of funds for consumers -- we'll need to see the economy turning around.
december demand gain given instead last likely percent recession time
You typically see, from the trough of a recession to the time when the recession ends, a 1.3-percent gain in payrolls, ... From when the recession likely ended, in December of last year, we've had 0.004 percent gain, instead of that 1.3 percent gain. There's a pent-up demand for labor, given such a jobless recovery.
couple itself quarters stimulus work
All this stimulus is going to work, ... just not overnight. It's probably going to take a couple of quarters to work itself out.
picking rate slow
The unemployment rate is picking up, but it's picking up at a very slow pace,
added buys fed hold looks main number risk stimulus street time true until word
The unemployment number is the one Main Street looks at. This buys the Fed a little more time and allows it to hold true to its word that, until geopolitical risk lifted, no stimulus should be added to economy.
account billion coming created easily federal insurance jobs lost orleans pumped recovery remember
These jobs are not lost forever. When you take into account everything coming through the pipeline, all Federal aid, all the insurance money, there will be a lot of jobs created by recovery efforts. Remember the GDP of New Orleans was about $40 billion annually before the storm. We'll easily see more than that being pumped into the system.
account billion coming created easily federal insurance jobs lost orleans pumped recovery remember
These jobs are not lost forever, ... When you take into account everything coming through the pipeline, all Federal aid, all the insurance money, there will be a lot of jobs created by recovery efforts. Remember the GDP of New Orleans was about $40 billion annually before the storm. We'll easily see more than that being pumped into the system.
claims continues discussion economic employment face figures greatly recovery strongly suggest
These jobless claims figures strongly suggest that any discussion of a runaway economic recovery have been greatly exaggerated, ... Instead, what we see here is a recovery that continues to face significant headwinds emanating from the employment front.
figures labor market recovery station strongly suggest train
These figures strongly suggest that the labor market recovery train is still not even at the train station as of yet.