Anthony Chan
Anthony Chan
although appear clearly economy growth jump month shows soft
The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent,
headline key number
The key number was not the headline (overall CPI) number,
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.
danger economic federal numbers pause raise rates recovery reserve situation statistics surprise three yes
I don't think the recovery is in danger. But I think what we have here is a situation where the Federal Reserve will probably look at the numbers a lot more closely. If we see another two or three economic statistics that surprise us, yes the Fed can pause and not raise rates in August.
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.
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.
job market worse
The job market is going to get worse -- this is a jobless recovery.