Anthony Chan
Anthony Chan
chairman coffin cut greenspan move nail notion numbers percentage regular wish
I think these numbers pretty much put a nail in the coffin of the notion that a 75 basis-point (three-quarters of a percentage point) cut will occur. I think (Fed Chairman Alan) Greenspan will get his wish for a move at the regular meeting, but they will do a 50 basis-point (half-point) cut.
drive economy fed numbers potential slowing
I think these numbers have the potential to drive the Fed to do an inter-meeting cut. The economy is slowing down, and I think we'll see more of this before it's over.
seeds soft
I think the seeds are in place for a soft landing.
consumer dissecting expected fairly inventory markets nervous next prospects quarter risk slower spending stronger
I think the risk is the downside, not the upside, ... I think the markets are fairly nervous about the prospects for growth. They're going to be dissecting the number. If we have slower than expected consumer spending and stronger than expected inventory growth, that's not going to bode well for the next quarter or so.
above core error eyes fears federal given reserve room
I think there were some significant fears that the CPI could come in above 0.2 percent. Given what we read in the Federal Reserve minutes, there was no room for error on core in the eyes of the market.
claims eating economists fairly humble initial month pie realize relationship stable weekend weekly
Many economists will end up eating humble pie this weekend because, while the relationship between the weekly initial unemployment claims and non-farm payrolls is fairly robust, we should also realize that it is not always a stable relationship from month to month.
bit equity people realized risk
People are, in fact, a little bit nervous.... People have realized there is a little bit of risk in the equity market.
filled last lawn spent tank
Last weekend, I filled up my tank and I spent $80, ... And that was just my lawn mower.
consumer growth last next outside weaker year
Outside of energy, the consumer is fine. That's why growth this year will be weaker than last year, and it will be weaker next year than this year.
appears consumers eating economic feeling general good job level people rising security spending though
It appears as though the level of job security is rising and that's a very encouraging thing to consumers, ... Consumers are spending more on general merchandise as well as on eating out. People don't go out to restaurants a lot if they're not feeling good about their economic situation.
distorted fair jobs maybe report
I think it's fair to say it'll be the least important or most distorted jobs report in memory. Maybe both.
costs energy goes increase reasons various
It could be the weather. Distribution costs increase with the cost of energy. Fertilizer goes up when energy goes up. There are various reasons for the surge.
belief bunker events mentality result retail sales terrible wake weakness
It confirms the belief that the weakness in retail sales was the result of a bunker mentality in the wake of the terrible events of Sept. 11.
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I think the markets probably overreacted when the Federal Reserve first moved toward a neutral operating directive. When Alan Greenspan spoke this time, I think the reality set in and that is, yes, the central bank has a neutral directive, but it's more like an ultra-right (hawkish) form of neutral directive. ... Any time they get an excuse to raise rates, they're going to take it.