Quotations
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Anthony Chan Quotes
«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.»
Author: Anthony Chan
«With the surprise jump in new home sales and the outsized rise in existing home sales, we now see that widespread talk of the demise of our moderate economic recovery has been somewhat exaggerated.»
Author: Anthony Chan
«The job market is going to get worse -- this is a jobless recovery.»
Author: Anthony Chan
«To the extent that consumer sentiment reacts to movements in the unemployment rate rather than the meager increase in non-farm payrolls, we have to take this ... report as delivering good news to the troops.»
Author: Anthony Chan
«Greenspan has to give reassurance that, if things deteriorate, the Fed is willing to act. But the underlying structure of the economy seems pretty good.»
Author: Anthony Chan
«Everyone knows that consumers cannot carry the economy indefinitely on their own, and this report provides some hope that the long-awaited capital spending recovery may not be too far off.»
Author: Anthony Chan
«This will be a positive [contribution] to consumer confidence. It's too early to jump up and say things are completely turned around, but for the moment, it buys us more time.»
Author: Anthony Chan
«You've got to ask yourself, will we have another 100-to-150 basis-point decline in mortgage rates? ... I would say that's a stretch, so it's not going to be a reliable source of funds for consumers -- we'll need to see the economy turning around.»
Author: Anthony Chan
«Since the beginning of this year, the economy has been recovering gradually....In that environment, a gradually rising stock market would be justified. Instead we got a sharp decline. Can we justify this rally? Absolutely....But we can't justify a thousand-point increase every week.»
Author: Anthony Chan
«I think we're headed in the right direction.»
Author: Anthony Chan