Anthony Chan
Anthony Chan
activity bit economic euphoric given january loss momentum month reflects underlying
It reflects some loss of momentum from January. Activity in January was a bit too euphoric given the underlying economic fundamentals. This month is more realistic.
afford bigger economy growth healthy hit momentum quarter second tells underlying
It's a healthy development. It tells us the underlying momentum of the economy was stronger, so we can afford to take a bigger hit in the second quarter and still have respectable growth for the year.
admit although correct current darker economy environment growth labor lacks market momentum needed positive side
Although the current growth environment is not impressive, positive growth is still positive growth. On the darker side of things, however, we must admit that the economy still lacks the growth momentum needed to correct many of the labor market ailments.
almost clearly growth heart miss momentum quarter rest weaker
The momentum going into 2006 is clearly healthy. We will be able to withstand weaker growth for the rest of the quarter and almost not miss a heart beat.
housing momentum permits since strength
I would say that momentum (in the housing market) probably will not continue, since you don't see the same strength in permits that you do in construction,
jobs last moment months quarter saw similar third three
For the moment the third quarter is probably going to be similar to what we saw the last three months -- probably between 250,000 to 300,000 new jobs every month,
circumstance early fed lows move moving prepared rates require seen since
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.
bad coming creating employment few news percent
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.
claims confirm fact improve notion numbers sometime
These claims numbers confirm the notion that things may improve sometime in the future. The fact that we didn't go over 400,000 was very encouraging.
boost current economic energy low overall positive prices results serve suggest
These results suggest that the current low energy prices should serve as an important and positive boost to overall economic growth.
aggressive approach bit cold economy grow market maybe quickly rate realize stock worried
The stock market didn't want the economy to grow too quickly because they were worried about aggressive rate hikes, ... They wanted the Goldilocks approach where everything was just right. But now they realize that maybe the porridge is a bit too cold for their taste.
continued despite fed greenspan improvement inclined labor latest market might move neutral remain risks small suggest testimony towards
The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias.
energy number prices prospects rates rising taking toll
The significant number of headwinds such as rising energy prices and the prospects of rising short-term rates are taking their toll on the economy,
lower prepared sign tells
I still don't think they'll lower rates, but this tells me they're prepared to lower them at the first sign of trouble.