Anthony Chan
Anthony Chan
against betting consumer losing
Betting against the U.S. consumer is always a losing bet.
close eventually housing market peak though
Even though we are close to the peak and we are still going to see spurts in activity, we will eventually see the housing market slow.
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.
sentiment
With sentiment under considerable short- and long-term pressure, we know that 2002 is not going to be anything like 2001 for the consumer.
certain confidence consumer hence shutting terrible tragedy
This terrible tragedy is certain to severely dampen consumer confidence and hence have the possibility of shutting down the consumer.
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.