Quotations
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Anthony Chan Quotes
«Although the BLS failed to provide an estimate of what the hurricane did to this report, my research does show that in nine out of the last 10 largest hurricanes, payrolls softened by an average of 120,000,»
Author: Anthony Chan
«The prospects of 4 percent real GDP growth (or possibly more after future data revisions) during the third quarter are back on the table,»
Author: Anthony Chan
«I think the (PPI and core PPI) numbers will make the Fed a bit more comfortable that the status quo is fine, ... The core PPI is the one they really care about. It's really telling us that the inflation story is not running away from us. That doesn't mean the debate won't be heated. But this number does tilt the apple cart.»
Author: Anthony Chan
«Although it may be too soon to conclude that the soft patch is no more, today's impressive job figure does suggest that the slowdown may not be everlasting,»
Author: Anthony Chan
«I believe that it is safe to say that this report understates the true strength of current labor market conditions,»
Author: Anthony Chan
«Although the gain in real GDP came in somewhat below market expectations, the details of the report were much more favorable,»
Author: Anthony Chan
«It's a little disappointing to see core up that much, ... I was hoping for surprise on the downside for core as we got in the PPI (Producer Price Index) yesterday.»
Author: Anthony Chan
«We still see limited penetration into the rest of the economy. It's too early to say you're seeing pricing power to pass on the energy cost increases just because you saw just a jump in the core PPI number. The world has changed. In the old traditional world, whenever you had mature expansion, you had pricing power. Today with globalization, that's no longer the case.»
Author: Anthony Chan
«[Greenspan's testimony] is good for the bond market ... because they realize the recovery is going to be gradual in nature. It's good for the equity market because the Fed won't stand in the way of recovery.»
Author: Anthony Chan
«These jobs are not lost forever. When you take into account everything coming through the pipeline, all Federal aid, all the insurance money, there will be a lot of jobs created by recovery efforts. Remember the GDP of New Orleans was about $40 billion annually before the storm. We'll easily see more than that being pumped into the system.»
Author: Anthony Chan