Anthony Chan
Anthony Chan
basically
What this does is basically vindicate Greenspan's policy. In 2000, we're going to see more of a gradualist policy.
basically
What this does is basically vindicate Greenspan's policy,
basically case jobs million missing stage
We're basically missing 5.1 million jobs at this stage of the expansion. You could even call it the case of the missing jobs, ... different paradigm.
basically calms fears great number
That's a great number that basically calms a lot of the fears out there.
basically coming data fears growth soft
The fears we had that growth was pretty soft and fungible are basically coming out; that's what the data are showing.
bank basically central certainly confidence consumer continue easing gains illustrate lower rates recession report reveals september serving
That report certainly reveals the recession is not over. The gains we had in September are not sustainable and illustrate why the central bank has to continue to lower rates. At this juncture, the easing of rates basically is serving as a consumer confidence booster.
basically economy sort stuff
The encouraging stuff is they basically see the economy sort of chugging along,
central certainly debate heat
This will certainly heat up the debate at the central bank,
labor market people shows
This shows the labor market in not overheated. And you can see that in, yes, not a lot of people are getting raises.
economic fear growth guess hear higher inflation insure interest listen lower rates return
When you listen to Greenspan's speech, you hear a fear about the sustainability of economic growth and no inflation pressures. Guess what that spells? Lower interest rates and postponing a return to higher rates, to insure the sustainability of growth.
bad fed hope numbers rays road
When you have a long road to travel, you don't take too many breaks. You just keep on going. We're one or two bad numbers away from reassessment of Fed policy, but we're not there yet. Yes, this number is weak, and yes, it's disappointing, but there are some rays of hope in here.
data gain hard homes looks month percent purchases reported reveal
When one looks at the MBA data that reveal that applications for the purchases of new homes are down 7.5 percent on a year-over-year basis, it is not hard to see that the gain reported this month is not a sustainable trend.
beating beginning bullet collapsing continue dodge eventually happen impact market month negative next rates rising sure
We will eventually see the negative impact of rising rates -- we can't dodge that bullet -- but doesn't usually happen at the beginning of the cycle. I'm not sure we will continue to see the market beating expectations by these margins, but I don't see the market collapsing in the next month or so.
continue creating difference jobs nine six
We will continue on this jobless path, where we're not creating enough jobs to make a real difference to the economy, for at least another six to nine months.