Anthony Chan
Anthony Chan
confirmed minds numbers
Those are the numbers that confirmed in their minds that we were in recession.
confidence consumer course makers policy reverse threatens weaker worry
Weaker consumer confidence threatens to reverse the course of the recovery. That's why policy makers will be so cautious. They don't really have to worry about the economy's fundamentals, but they do have to worry about confidence.
conditions couple details devil fear found greatest instead labor market months next true
Usually the devil is in the details. With this report, the greatest fear is that details of true labor market conditions will be found over the next couple of months instead of in this report.
change closely couple employers eventually growth happen incentive line moving packages past wages
Wages have stagnated over the past couple of years; employers have no incentive to change wages. Eventually we will see incentive packages moving more closely in line with growth in the economy, but it's not going to happen soon.
demise economic existing home jump moderate recovery sales somewhat surprise talk widespread
With the surprise jump in new home sales and the outsized rise in existing home sales, we now see that widespread talk of the demise of our moderate economic recovery has been somewhat exaggerated.
almost area clearly file increase less orleans people
We have almost 500,000 people in the New Orleans area and you have a less than 80,000 increase in claims. We are going to have a lot more than that. Clearly a lot of people can't yet file claims.
claims close coming corner ignore labor market trend turning
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
economic fallen far jobs million prior short today typical
We've fallen far short of prior economic expansions, ... We're about 5-1/2 million (jobs) short of where would be today if this were a typical expansion.
fast information reacting
Today, information disperses so fast that we're reacting in nanoseconds to the news,
clearly coming convince cut ensure fact fed financial further markets needs rainbow rate reflects therefore wants
Today's Fed rate cut and directive clearly reflects the fact that the Fed is coming to the end of its rainbow and therefore wants to ensure that it still can convince financial markets that it still has further flexibility to do more if it needs to.
employment report written
Today's employment report also has sustainability written all over it.
buy lose people
If people lose their jobs, they're not going to go buy a car.
clear consumers given mostly net oil percent prices producers wealth
Given that we import more than 50 percent of our oil consumption from abroad, it is clear that as these prices rise, we are essentially transferring net wealth from U.S. consumers to oil producers that are mostly located overseas.
debate expect fed given impact policy release
Given our forecast, we do not expect that this statistical release will have much impact on the policy debate when the Fed meets,