Anthony Chan
Anthony Chan
creeping housing rates seeing
You're seeing inventories creeping up and affordability pinching more and more, and you're seeing long-term rates creeping up. All that suggests a trimming of housing activity.
exempt housing laws market sign
This is a sign that the housing market is not exempt from the laws of gravity,
shock
This is a shock -- and the shock is going to be there.
federal judgment report represents
This is a report that represents judgment day for the Federal Reserve,
automobile equivalent exciting financing itself months november warmer weather work
This is an exciting number, but it was warmer in November than usual. The warm weather is the equivalent of zero-percent financing on automobile sales. You're going to see this work itself off in months to come.
bitten bullet inventory moving telling
This is telling us that, moving forward, we may have bitten the bullet on the inventory overhang situation.
fed
So why don't we get a 100-point or 200-point day? Because this is a pause, not an end to the Fed tightening.
companies convinced expansion expected hiring increasing meet stronger
Now companies are convinced that the expansion is getting stronger and is sustainable and they are increasing hiring to meet expected demand.
equity market oil positive potential prices rising
Oil prices have not been a positive for the equity market with the potential for rising inflation.
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.
add agree companies explore hiring kicking options screaming
Companies are hiring, but they're only hiring in a kicking and screaming mode. They explore all other options before they agree to add staff.
bottom consider consumer continue further gets labor line market rate
The bottom line is, the labor market is going to continue to show further deterioration, not because it's getting worse, but because of mechanics. As the unemployment rate gets higher, the consumer is going to consider that.
bottom exuberant line overly shave street wall
The bottom line is that Wall Street will have to shave off some of its overly exuberant fourth-quarter real GDP estimates,
appear bottom consumers emerging line patch quarter soft
The bottom line is that consumers experienced a soft patch in the first quarter and they appear to be emerging from it,