Anthony Chan
Anthony Chan
earnings great
That's not as great as 2003 earnings growth, but still positive.
burden despite economic fact low population prior rate relative remains since unemployed
Despite the fact that the unemployment rate remains low relative to prior economic downturns, the burden on the unemployed population has been the most severe, by one measure, since at least 1972.
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.
certainly continue executing fed gives green growth industrial license light monetary prevent retail signs slow takes total whatever
This gives the Fed license to continue executing monetary policy. If they see any signs of slow growth in employment, industrial production, or retail sales, they certainly have the green light to make another cut. They have total flexibility to do whatever it takes to prevent a recession.
employment longer means period phrase report stick
This employment report means that the phrase 'considerable period' will stick around for a considerably longer period of time.
economic fragile recovery
This economic recovery is a lot more fragile than most of us thought.
absolutely economy fears growing headed mean
This confirms fears that the economy was growing slowly, but it doesn't absolutely mean we are headed for a double-dip recession.
confidence number pressure retail saw takes terrible
This confidence is encouraging and takes some of the pressure off the terrible number we saw with retail sales.
barometer clearly conditions employment household incorrect labor market measure relying shows
This clearly shows that relying on the household survey's employment measure as a barometer of labor market conditions is not only risky, but also an incorrect assumption,
careful decline seem
This big decline may seem a little on the aberrant side, and we have to be careful about it, but at least some of it has to be real.
action economic emerging excitement growth reveals signs
This action really reveals the Fed's excitement with the emerging signs of economic growth we're seeing.
administer economy-and-economics point policy time
They (Fed policy makers) know at any point of the time they may need to administer CPR to this economy.
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.
alan comments expansive fed greenspan inflation monetary obviously policy reflects report sort though wait
The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,