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,
clear cooler heads initial jerk knee positive powerful question rally reaction strongly whether
The initial knee jerk reaction was a powerful rally in the morning. As cooler heads prevail, it's clear it's still a positive for equities, but the question is whether it is strongly positive or mildly positive.
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.
chance dwarfs hurricane people seen
This hurricane dwarfs anything we've seen before. There are still a lot of people out there that just have not had a chance to file.
expected hurricane level optimism
a level of optimism that was not dented as much as one would have expected by Hurricane Katrina.
aircraft ease recovery sector suspicion
Aircraft is responsible for a lot of that decline. My suspicion is that the manufacturing sector will ease up, but the manufacturing recovery is still in place.
assume existing housing ignore market mistake sales weakness
The housing market is resilient, still going strong, but it would be a mistake to ignore the weakness in existing sales and assume everything is copasetic.
along economy experience housing market mild rising surprise
The housing market doesn't surprise me; it's been rising all along and enabled the economy to experience only a mild recession.