Anthony Chan
Anthony Chan
comforting component greater headline strength
It would have been a lot more comforting to see greater strength in the ex-auto component than in the headline figure.
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There's a danger in being too positive, of there being a huge disconnect between how positive a policy-maker sounds and what the economy is doing. That was probably one of O'Neill's greatest shortfalls -- the dichotomy became too wide.
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.
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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.
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Lower energy prices will cushion the blow to the economy from the higher prices so far. Psychologically, it helps the consumer and that means the hit to the economy will not be as great as feared earlier.
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The best way to describe this report is 'holy cow,' ... This is a great report. We have Alan Greenspan a little bit worried about inflation and certainly the financial markets will realize that those worries certainly continue to prove to be unfounded.
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That's not as great as 2003 earnings growth, but still positive.
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Going into this report, many analysts greatest fear was that the Fed may have lost some control of this budding recovery. The actual evidence shows that a moderate recovery is exactly what we are likely to get.
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Recent speculation about the demise of the housing boom has been greatly exaggerated.
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That's a great number that basically calms a lot of the fears out there.
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I remain more confident that the consumer will take great comfort in knowing that our government is truly taking care of business.
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These jobless claims figures strongly suggest that any discussion of a runaway economic recovery have been greatly exaggerated, ... Instead, what we see here is a recovery that continues to face significant headwinds emanating from the employment front.
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What the Fed showed was that extraordinary circumstances require an extraordinary strategy. Not only are they moving rates to lows not seen since the early '60s, they're prepared to move them a lot lower.
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We will see more bad news on the employment front. We see unemployment going to 6.1 percent or 6.2 percent before it's over; no way are we going to see that coming down while we're creating so few jobs.