Anthony Chan
Anthony Chan
came focusing headline investors number though
Even though the headline number came in much stronger, it isn't the number investors are going to be focusing on.
bit economic fact gains indicative magnitude month though
Even though the gains this month are in fact indicative of a sustainable economic expansion, the magnitude of the gain was a bit exaggerated.
box endorse fed fisher great itself opportunity people point prepared suggested sure though trying word
Even though people thought this was a great opportunity to take the word 'measured' off the table, he didn't do that, ... It suggested that he was not at this point prepared to endorse the Fisher hypothesis. I think he's trying to make sure the Fed doesn't box itself in.
companies costs economy fine investor labor picking profits saying though
Even though every investor out there is saying labor costs are picking up, companies have a way to be flexible. In theory, when the economy is doing well, profits do just fine even if labor costs increase.
debating early
Even though, internally, I think they are probably debating it, it's just too early to make an announcement to publicize that debate.
change data federal inflation markets number numbers react though
Even though I don't think one number is going to change the Federal Reserve's mind, the markets react to data as it comes out and these numbers were not inflation friendly.
benefit care costs medical trying wow
Benefit costs went up because of medical care costs, ... not firms trying to wow employees. They're not wowing employees. Look at the layoff data.
coming control core declining energy everybody fed figure gradual knows line move number pace plan prices rate tells
Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)
conclude easy energy goods inevitably living natural occurs rises standard toward wealth
As the natural displacement from other consumption goods toward energy goods occurs with rises in energy prices, it is easy to conclude that our natural wealth and standard of living will inevitably decline.
bit consumer effect equity higher markets positively react turn wealth
As the equity markets react positively to this change, we get a bit of a positive wealth effect which in turn should induce higher consumer spending.
deadly demand economy gains potential supply
As the economy gains traction, we'll have demand increasing. And if we have supply contracting, it's a deadly mix. We will end up stunting any potential recovery.
bad continue damaging drives entering force good happens higher impact improvement job labor main mean news optimistic people push rate reason spending
The good news is that if so many people are entering the labor force it must mean that they are perceiving an improvement in the economy's prospects, ... The bad news, however, is that if too many people become optimistic about their job prospects, then the unemployment rate will continue to push higher. And the higher unemployment rate does have a damaging impact on consumers. They see it and they think, 'I shouldn't be spending money.' That's one of reason the unemployment rate is so important. It's the one that drives what happens on main street.
clear crystal low mortgage purchase sales starting supporting taken
We see the slowdown crystal clear in the MBA purchase index, and it's starting to show up in monthly sales data. The one thing that was supporting the market, low mortgage rates, is being taken away.
apparel climate energy high labor likely overall played prices role soft weather
While weather played a role in soft apparel sales, the high energy prices impacted overall sales. Net-net, the climate is likely to get better with improvements in the labor market.