Anthony Chan
Anthony Chan
job market worse
The job market is going to get worse -- this is a jobless recovery.
consumer core energy fed focus worked yesterday
All the focus is on the core number. The Fed said yesterday that energy has not worked its way down to core consumer prices.
housing obviously spells starting trouble turning
If housing is starting to weaken and manufacturing is not turning around, obviously it spells trouble for the economy.
affected jobs loss
The GDP doesn't take into consideration loss of wealth, ... It's affected by jobs and productivity.
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.
certainly jury loses splash whether
The jury is out on this one. He's certainly going to make a big splash in this area. Whether he loses or not, we don't know.
bounce jump
The jump was a bounce back from November.