Anthony Chan
Anthony Chan
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.
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There's no question that what's happening in the stock market is going to hurt consumer spending. The only thing helping us is the performance of housing.
labor market mind question
There's no question in my mind that the labor market is improving.
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.
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It would have been a lot more comforting to see greater strength in the ex-auto component than in the headline figure.
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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.
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These results suggest that the current low energy prices should serve as an important and positive boost to overall economic growth.
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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.
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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.
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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,
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The terrible, devastating effects of hurricanes Katrina and Rita, when we see those things on TV, we know we don't feel as good about our country or even about ourselves.
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Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.
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Saying that higher oil prices have not increased the risk of recession or serious economic slowdown is clearly not the same thing as saying that they have not had an impact.
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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.