Anthony Chan
Anthony Chan
bankers central dream recovery therefore
The recovery is proceeding, but gradually, and that's actually healthy. It's the kind of recovery central bankers dream of -- gradual, not explosive, and therefore long-lasting and sustainable.
decline energy expect low lower
This was low because of lower energy prices. I don't think that's a decline we can expect to continue.
consensus june number seal tip towards
This week's CPI will seal (the Fed's decision). If we get a number at consensus or a little above, that'll tip it towards a June increase.
consensus june number seal tip towards
This week's CPI will seal (the Fed's decision), ... If we get a number at consensus or a little above, that'll tip it towards a June increase.
action fed next november perhaps rules until
This rules out any Fed action until November -- or perhaps until next year.
economic effects employment expecting gives growth higher market negative none pressure report side stronger
This report was very encouraging. It gives us stronger employment growth than the market was expecting while none of negative side effects of economic growth are present, such as higher inflationary pressure from wages.
continue continued economic economy grow increases justifying likely quarter report supports thereby view
This report supports Greenspan's rosy economic view that the economy is likely to continue to grow unabated this quarter thereby justifying continued increases in short-term rates.
adjust economy fears monetary policy prevent report soothe trying
This report should soothe the fears of monetary policy-makers who are trying to adjust policy to prevent the economy from overheating.
economy fears moving report telling toward
This report kind of confirms the market's fears that the economy is limping around on just one foot. At same time, I don't think this report is telling us we're moving toward a recession.
declare good labor market news report says strong turning
This report is good news because it says the labor market is turning the corner, but it's still not strong enough to declare victory.
certainly consistent economy economy-and-economics numbers picking report start trying volatile weak
This report is certainly consistent with an economy that is trying to make a recovery, but a weak recovery. When you start to back out the volatile components, it's not all that weak. We're picking it up, but these numbers tell us the economy will come back slowly.
creation favorable financial inflation job markets pressure quite report seeing since
This report is actually quite favorable for financial markets since we see very little inflation pressure while simultaneously seeing job creation inching up,
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.