Anthony Chan
Anthony Chan
catching dollar lowering prognosis relatively remain remains starts strong suspicion
My suspicion is that the dollar will remain relatively strong because, even if the ECB starts lowering rates, they've got a lot of catching up to do, ... The prognosis for the dollar remains cautiously optimistic.
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Now, with the economic recovery appearing to be somewhat in place and the central bank not lowering rates, we see people trying to get in at the gates before rates start to rise.
clean companies creates estimates lowering means situation time
Any time you have a situation like this it creates opportunities for companies to clean up their attics, and that means lowering estimates and partly, or completely, attributing it to Katrina.
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.
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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.
action fed next november perhaps rules until
This rules out any Fed action until November -- or perhaps until next year.
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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.
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This report should soothe the fears of monetary policy-makers who are trying to adjust policy to prevent the economy from overheating.