Anthony Chan
Anthony Chan
home maybe might months mortgage people preparing rates realize remember six starting
Rates might be low, but people are starting to realize that rates will go up. Remember you've got to get a mortgage down the line, maybe six months out when the home is complete. People are preparing for it.
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.
ask economic economy garden good longer news people pick question quickly recovery taking typical variety
There's no question the recovery is taking longer than people thought. People thought the economy would pick up very quickly and that we would have a typical garden variety economic recovery. That's not the case, but the good news is it is a recovery. You can't ask for more than that.
almost area clearly file increase less orleans people
We have almost 500,000 people in the New Orleans area and you have a less than 80,000 increase in claims. We are going to have a lot more than that. Clearly a lot of people can't yet file claims.
buy lose people
If people lose their jobs, they're not going to go buy a car.
assume chinese five generate immediate incorrect landing people seeing soft trying watching work year
People watching the Chinese trying to generate a soft landing think that, if it doesn't work in five minutes, it must not be working. We're not seeing immediate results, but I think it's incorrect to assume that, a year or a year and a-half from now, we're not going to see some of these effects. We will.
competition entering labor less leverage means people
More people are entering the labor force, so there is more competition. More competition means there's less leverage for employees.
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.
bad continue damaging drives entering force good happens higher impact improvement job labor main mean news optimistic people push rate reason spending
The good news is that if so many people are entering the labor force it must mean that they are perceiving an improvement in the economy's prospects, ... The bad news, however, is that if too many people become optimistic about their job prospects, then the unemployment rate will continue to push higher. And the higher unemployment rate does have a damaging impact on consumers. They see it and they think, 'I shouldn't be spending money.' That's one of reason the unemployment rate is so important. It's the one that drives what happens on main street.
appearing bank central economic gates lowering people rates recovery somewhat start trying
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.
expected people point
That's still not up to par, still not what people expected at this point in the recovery.
change economy financial head ignore looking markets people sea seen strong
We've seen a sea change in the way the financial markets and economy watchers are looking at the world, ... For many months, people thought the economy was so strong and robust, they could ignore these head winds.
becoming formula higher interested looking people precisely seeing seem start time urgency
There doesn't seem to be any real urgency for firms to start hiring, precisely at a time we're seeing a reemergence of people becoming interested in looking for a job, ... Put the two together, and you have a formula for higher unemployment.
causes clearing clearly good impact news people permanent situation spend themselves thinking time
Anything that causes people to spend more time thinking about what they do will clearly have an impact on productivity. The good news is this is not a permanent situation -- these things have a way of clearing themselves up. But will it be completely inconsequential? I don't think so.